Homula Realty Brokerage
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6672 Hwy 35 Highway, Kawartha Lakes, ON K0M 1K0

Land
$2,500

LAND LEASE OPPORTUNITY on Hwy 35 Coboconk. An approximately .5-acre parcel of C1 zoned land. Landlord will consider Land Lease for short or long term. Close to all amenities including shopping, restaurants, transit, and more. This lot could work for a multitude of uses under the current zoning. The Tenant would lease this parcel as is. Ideally suited for parking, pop up shop, food service truck. $2500 per month plus HST. Available immediately.

MLS number
X11968629
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K0M 1K0
Photos
2
Property tax
$1,708 / year
578days · this listing
578days · 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.

$500 · minimum here is $125
$11.07per month
Borrowed before insurance$2,000
Total borrowed$2,000
Interest over 25 years at 4.5%$1,321

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.

-$149.40per month out of pocket
Rent$4.00
Everything it costs to hold$153.40
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 ROYAL LEPAGE FIRST CONTACT REALTY. Listing data provided by the Toronto Regional Real Estate Board.