Homula Realty Brokerage
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238 Forler Street, West Grey, ON N0G 2M0

Farm
$1,975,000

71-acre farm strategically located within the Town of Neustadt's Settlement Area Boundary. Zoned Future Development (FD). The parcel has municipal water at the lot linw. The parcel is currently farmed and mostly usable with 2 out buildings. The municipal address is 238 Forler St., Neustadt, West Grey.

MLS number
X12451916
Type
Farm
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
N0G 2M0
Photos
29
Property tax
$7,350 / year
339days · 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.

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 627 people.

$81,000Median household income
85.7%Own their home
93.8%Detached houses
42Median age
11.1%Born outside Canada
17.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35420317 — the few blocks around this address, home to 627 people. It describes the area, not this property.

627Population
41.7Average age
2.6Household size
$90,000Average household income
$81,000Median household income
86%Own their home
14%Rent
0%Condominiums
11%Born outside Canada
17%University degree
$500,000Average home value
8%Low income
38%Not in the labour force
23%Never married
Under $5,0001%
$10,000 to $14,9991%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9999%
$70,000 to $79,9994%
$80,000 to $89,9993%
$90,000 to $99,9994%
$100,000 and over30%
$100,000 to $124,99910%
$125,000 to $149,9997%
$150,000 to $199,9997%
$200,000 and over4%

Percentages are of the 335 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.

$395,000 · minimum here is $395,000
$8,744.87per month
Borrowed before insurance$1,580,000
Total borrowed$1,580,000
Interest over 25 years at 4.5%$1,043,462

If you rented it out

-$9,357.37per month out of pocket
Rent$0.00
Everything it costs to hold$9,357.37
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 COLLIERS. Listing data provided by the Toronto Regional Real Estate Board.