Homula Realty Brokerage
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2 Cherry hill Road, Northern Bruce Peninsula, ON N0H 1W0

Vacant Land
$399,900
Property tax
$214 / year

This 7.4 acre vacant lot offer the ideal setting for your dream home or weekend retreat. Surrounded by mature trees, you;ll enjoy unparalleled privacy and a peaceful, natural environment. Close to Georgian Bay, Lake Huron and Lions Head, you'll have easy access to beaches, hiking trails, and all the natural beauty the Bruce Peninsula has to offer. Nearby amenities and a paved, year-round road make this property convenient and accessible in every season. Whether you're planning a weekend getaway or a permanent residence, this property provides the perfect blend of seclusion and convenience.

MLS number
X12477752
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
N0H 1W0
Photos
2
Laundry
Not in the unit
324days · 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.

Approximate — placed from the postal code, which can cover a block or more.

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 727 people.

$63,600Median household income
62.1%Own their home
72.9%Detached houses
62Median age
9%Born outside Canada
16.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35410149 — the few blocks around this address, home to 727 people. It describes the area, not this property.

727Population
55.8Average age
2Household size
$78,400Average household income
$63,600Median household income
62%Own their home
38%Rent
0%Condominiums
9%Born outside Canada
17%University degree
$504,000Average home value
14%Low income
17%Never married
Under $5,0001%
$10,000 to $14,9991%
$15,000 to $19,9993%
$20,000 to $24,9993%
$25,000 to $29,9996%
$30,000 to $34,9994%
$35,000 to $39,9996%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9997%
$60,000 to $69,9997%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9993%
$100,000 and over20%
$100,000 to $124,9998%
$125,000 to $149,9994%
$150,000 to $199,9996%
$200,000 and over3%

Percentages are of the 445 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.

$79,980 · minimum here is $19,995
$1,770.67per month
Borrowed before insurance$319,920
Total borrowed$319,920
Interest over 25 years at 4.5%$211,281

If you rented it out

-$1,788.50per month out of pocket
Rent$0.00
Everything it costs to hold$1,788.50
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 HOMELIFE/MIRACLE REALTY LTD. Listing data provided by the Toronto Regional Real Estate Board.