Homula Realty Brokerage
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320 Mcnee Road, Hearst, ON P0L 1N0

Vacant Land
$149,000
Property tax
$250 / year

An outstanding opportunity awaits with this 148-acre property located just outside the Town ofHearst. The land features an unfinished 12' x 24' cabin shell and is accessible via a year-round maintained road with two separate entrances. Situated approximately 20 minutes fromessential amenities, the property offers an ideal balance of accessibility, privacy, andnatural surroundings. Well suited for outdoor and recreational use, the property providesample space for ATVing, hunting, fishing, camping, and trail development. The size and settingalso make it an excellent option to complete the existing cabin, construct a custom residence,or create a private recreational retreat. The property, including the unfinished cabin, isbeing sold "as is, where is", with no representations or warranties made by the Seller.

MLS number
T13725822
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P0L 1N0
Photos
10
13days · 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

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

Work out the numbers

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

$29,800 · minimum here is $7,450
$659.74per month
Borrowed before insurance$119,200
Total borrowed$119,200
Interest over 25 years at 4.5%$78,722

If you rented it out

-$680.57per month out of pocket
Rent$0.00
Everything it costs to hold$680.57
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 CENTURY 21 PROPERTY ZONE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.