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7094 LT 7 CON 2 WHITNEY Acres, Timmins, ON P0N 1C0

Vacant Land
$399,000
Property tax
$244 / year

PCL 7094 SEC WAT; SE 1/4 OF S 1/2 LT 7 CON 2 WHITNEY; MINING CLAIM P.18150 WHITNEY; CITY OF TIMMINS- Legal Description For The Property. Total Area Of The Property 1,853,898.79 ft(42.560 ac) With Mining Claim Registered On The Property . Land Is Located In Mining Division- Porcupine In Township Of Whitney Next to Gold Mining And Exploration Lands And Companies Actively Exploring For Gold In The Area And Possibilities of Mining Permits & Gold Exploring For The Land. Current Zoning RU-RD (Rural Zoning). Has Mining Road Access Seasonally As Per Owner.

MLS number
T13051616
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P0N 1C0
Photos
2
137days · this listing
137days · 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.

$79,800 · minimum here is $19,950
$1,766.69per month
Borrowed before insurance$319,200
Total borrowed$319,200
Interest over 25 years at 4.5%$210,806

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.

-$1,122.02per month out of pocket
Rent$665.00
Everything it costs to hold$1,787.02
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 LANDMARK REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.