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Pt Fm Lt 4 Chi Sin Tib Dek Road, Northern Bruce Peninsula, ON N0H 2R0

< 700 sq ft · Vacant Land
$99,000
Property tax
$816 / year

RETIREMENT IS CALLING! Be ready to enjoy retirement and build your dream home or cottage within minutes to amenities. Tobermory is a quaint lake-side community with a booming tourism industry in the summer season, and offers a quiet escape from the hustle in the winter months. Known for its shipwrecks, Fathom Five National Marine Park, The Bruce Peninsula National Park and many other great attractions, you won't be bored with nature at your doorstep. Tobermory offers various restaurants, shops, a grocery store and a health clinic - not to mention the Pickleball Court! Easily walk to the Grocery store minutes away. Located 30 minutes from Lion's Head for additional services and amenities. This property is just shy of 0.5 Acre in size, measuring 100ft. X 200ft. The property is located on a year-round, paved road maintained by the municipality. Hydro service is available nearby (approximately 200' distance). Located minutes to downtown and amenities. Let this be your summer-only or year-round retirement haven - Welcome to Tobermory! - The property is shown on the key map as Ref. # 5.

MLS number
X12806308
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
N0H 2R0
Photos
15
Laundry
Not in the unit
206days · 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.

$19,800 · minimum here is $4,950
$438.35per month
Borrowed before insurance$79,200
Total borrowed$79,200
Interest over 25 years at 4.5%$52,305

If you rented it out

-$506.35per month out of pocket
Rent$0.00
Everything it costs to hold$506.35
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.