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.

9297 Third Line, Halton Hills, ON L9T 2X9

Land
$19,950,000

Exceptional 99-acre farm holding on the east side of Third Line, just north of 5 Side Road in Halton Hills. Ideally positioned, only a 1-minute drive North of the new Orlando Business Park, currently under construction, offering strong long-term land value. The property features a farmhouse with a large barn and outbuildings, and offers cash crop income with a mix of fairly flat and rolling terrain. Convenient access to major corridors with easy access to Highway 401 via James Snow Parkway & Highway 25. Approximately 30 acres are within the Greenbelt overlay boundary. Farmhouse is being sold "As Is, Where Is." Buyers to satisfy themselves regarding permitted uses, overlays, and future development potential. The farmhouse features 4 bedrooms, 2 washrooms, and a 3-car garage and is currently rented for $1,900 per month and is serviced with Natural Gas. Cash crop fields are leased to a local farmer for $14,525 annually.

MLS number
W12951018
Type
Land
Status
Active
Bedrooms
Bathrooms
Postal code
L9T 2X9
Photos
15
Property tax
$7,053 / year
165days · 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

Where this address sits, matched against open government data.

Matched to this address in OpenStreetMap (© OpenStreetMap contributors). Usually a new building our other address files do not yet include.

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 401 people.

$117,000Median household income
80.8%Own their home
100%Detached houses
48Median age
19.5%Born outside Canada
19.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35240753 — the few blocks around this address, home to 401 people. It describes the area, not this property.

401Population
45.1Average age
3.3Household size
$188,000Average household income
$117,000Median household income
81%Own their home
19%Rent
0%Condominiums
20%Born outside Canada
20%University degree
$1,240,000Average home value
7%Low income
51%Not in the labour force
32%Never married
$35,000 to $39,9993%
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9993%
$80,000 to $89,9996%
$90,000 to $99,9993%
$100,000 and over39%
$100,000 to $124,9998%
$125,000 to $149,9993%
$150,000 to $199,9998%
$200,000 and over19%

Percentages are of the 180 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

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

$3,990,000 · minimum here is $3,990,000
$88,334.28per month
Borrowed before insurance$15,960,000
Total borrowed$15,960,000
Interest over 25 years at 4.5%$10,540,285

If you rented it out

-$88,922.03per month out of pocket
Rent$0.00
Everything it costs to hold$88,922.03
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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE INC.. Listing data provided by the Toronto Regional Real Estate Board.