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PCL 8479 N/A, Mattice-Val Cote, ON P0L 1T0

Land
$160,000

This unique opportunity is within the boundary of the Municipality of MATTICE VAL-COTE' in the Cochrane District of Northern Ontario, Canada.Mattice-Val Côté is an incorporated township in Cochrane District in Northeastern Ontario, Canada.It is located approximately 30 kilometres (19 mi) east of Hearst and 70 kilometres (43 mi) west of Kapuskasing on Ontario Highway 11.The property fronts on a YEAR ROUND ROAD called Shallow Lake Road.It is ONLY 400 METERS NORTH OF HIGHWAY 11. Here is your opportunity to own 93 acres of land that is zoned in the AR (AGGREGATE RESOURCE ZONE).Imagine starting your own Mineral aggregate operation or Pit, or Quarry or Wayside pits and quarries or a place to erect your portable asphalt plant and/or portable concrete plant.The property is large enough to sever into 3 large lots of 31 acres each to sell to different operations that are allowed under the current zoning. The property has 2,420 feet of frontage on the west side of Shallow Lake Site Road.The property has a depth of 1,659 feet.The northwest corner of the property is in a pond that is fed by Dallaire Creek.The pond is about 12 acres in size.A lot of the property about 53 acres is in old hay fields. SURFACE RIGHTS, MINERAL RIGHTS, & TREE RIGHTS COME WITH THIS PROPERTY

MLS number
T12693246
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P0L 1T0
Photos
13
Property tax
$400 / year
241days · this listing
241days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home 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.

Work out the numbers

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

$32,000 · minimum here is $8,000
$708.45per month
Borrowed before insurance$128,000
Total borrowed$128,000
Interest over 25 years at 4.5%$84,534

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$474.78per month out of pocket
Rent$267.00
Everything it costs to hold$741.78
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.