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Lot 22 Ray Drive, Northern Bruce Peninsula, ON N0H 2R0

Vacant Land
$229,000
Property tax
$300 / year

Well treed building lot just under 2 acres in size and close to the village of Tobermory. Property is located on a year round municipal road and there is a municipal open space just behind the property with access to the bay. Property measures 173 feet wide and is 440 feet deep. There is a roughed-in laneway. If you enjoy hiking the trails nearby, or going into the village to enjoy some shopping, boating, restaurants or just to enjoy the fabulous views around the bay, this is a good lot to build your dream home or cottage on. Taxes: $300.21. There is hydro and telephone along the roadside. For more information, feel free to reach out to the municipality at 519-793-3522 ext 226 and reference roll number 410968000403623.

MLS number
X12728198
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
N0H 2R0
Photos
23
Laundry
Not in the unit
231days · 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.

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 630 people.

$74,500Median household income
90.5%Own their home
98.4%Detached houses
60.4Median age
12.5%Born outside Canada
28%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35410145 — the few blocks around this address, home to 630 people. It describes the area, not this property.

630Population
54.3Average age
2Household size
$115,000Average household income
$74,500Median household income
91%Own their home
10%Rent
0%Condominiums
13%Born outside Canada
28%University degree
$650,000Average home value
8%Low income
13%Never married
$15,000 to $19,9991%
$20,000 to $24,9991%
$25,000 to $29,9994%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9995%
$45,000 to $49,9994%
$50,000 to $59,9997%
$60,000 to $69,9997%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over25%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over6%

Percentages are of the 405 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.

$45,800 · minimum here is $11,450
$1,013.96per month
Borrowed before insurance$183,200
Total borrowed$183,200
Interest over 25 years at 4.5%$120,989

If you rented it out

-$1,038.96per month out of pocket
Rent$0.00
Everything it costs to hold$1,038.96
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 RE/MAX Grey Bruce Realty Inc.. Listing data provided by the Toronto Regional Real Estate Board.