Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

PCL1507 N/A, Kirkland Lake, ON P2N 3P8

Vacant Land
$44,000
Property tax
$180 / year

This property is located in BERNHARDT TOWNSHIP in the District of Timiskaming in NORTHEASTERN ONTARIO.Bernhardt Township is due north of the Town of Kirkland Lake.You are still quite close to town yet it seems like you are in the middle of nowhere.The property is midway between Goodfish Lake to the east and Greylava Lake to the west.Total distance from this property to The Town Of Kirkland Lake is 6.5 kilometers. Spring, Summer and Fall in northeastern Ontario are the best.Fresh air, lots of sun and long, lazy days.Especially in summer months when there is daylight up to almost 10 at night.Absolutely perfect for getting out and exploring the great outdoors.In August you should be able to see the NORTHERN LIGHTS on those clear nights. There is no access to electrical power here but you can certainly be off the grid and on solar power.If you build a cabin you can choose from wiring a cabin for a generator or for solar power or for wind power or a combination of all or some of these.You can also have propane lights and propane stove and fridge.We are told that the cell service is quite good on this property.

MLS number
T12659076
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P2N 3P8
Photos
7
Laundry
Not in the unit
254days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$8,800 · minimum here is $2,200
$194.82per month
Borrowed before insurance$35,200
Total borrowed$35,200
Interest over 25 years at 4.5%$23,247

If you rented it out

-$209.82per month out of pocket
Rent$0.00
Everything it costs to hold$209.82
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by HOMELIFE OPTIMUM REALTY. Listing data provided by the Toronto Regional Real Estate Board.