Homula Realty Brokerage
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2170 Highway 520 W, Ryerson, ON P0A 1C0

2 beds · 2 baths · 1 kitchen · 10 rooms · 8 parking spaces · 1100-1500 sq ft · Rural Residential
$1,350,000
Property tax
$4,500 / year

*** Visit the REALTOR website for further information about this Listing *** Affordable and functional 54 acre farm with two homes! The newer home (built 2023) is a 1,250 sq. ft. slab-on-grade with propane in-floor heating, 2 bedrooms, and 1 bathroom. The second home offers 1,255 sq. ft. with 2 bedrooms, 1.5 bathrooms, a new furnace with AC, and a 2-car garage connected by a breezeway. The property features a barn, greenhouse, pond, creek at the back, hay fields, electric fencing, and fenced paddocks with a lean-to for animals. A neighbor keeps bees in the back hay field - you'll enjoy fresh honey as part of the arrangement! Additional highlights include ATV trails, a maple sugar bush with shack for making your own "liquid gold", and plenty of space to live the farm lifestyle. Conveniently located near Lake Cecebe - just 10 minutes to Burk's Falls, 7 minutes to Magnetawan, and 30 minutes to Huntsville.

MLS number
X12417643
Type
Rural Residential
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
P0A 1C0
Photos
41
356days · this listing
356days · 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

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 745 people.

$67,000Median household income
92.9%Own their home
97.1%Detached houses
54.8Median age
8.7%Born outside Canada
10.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490183 — the few blocks around this address, home to 745 people. It describes the area, not this property.

745Population
49.1Average age
2.2Household size
$80,400Average household income
$67,000Median household income
93%Own their home
7%Rent
0%Condominiums
9%Born outside Canada
10%University degree
$504,000Average home value
12%Low income
21%Never married
Under $5,0002%
$15,000 to $19,9991%
$20,000 to $24,9995%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9992%
$40,000 to $44,9995%
$45,000 to $49,9992%
$50,000 to $59,9998%
$60,000 to $69,9998%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over21%
$100,000 to $124,9999%
$125,000 to $149,9993%
$150,000 to $199,9993%
$200,000 and over5%

Percentages are of the 430 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.

$270,000 · minimum here is $110,000
$5,977.51per month
Borrowed before insurance$1,080,000
Total borrowed$1,080,000
Interest over 25 years at 4.5%$713,252

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.

-$4,102.51per month out of pocket
Rent$2,250.00
Everything it costs to hold$6,352.51
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 EASY LIST REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.