Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

CON 9 PT LOT 17 Highway 534, Nipissing, ON K0J 0B3

1 bed · 2 rooms · 10 parking spaces · Vacant Land
$249,900
Property tax
$360 / year

This is a gorgeous residential building lot. You will enjoy the fully paved municipal road right to the driveway. The property is approx 28 acres and very private. Scenic Beatty Creek runs across the property. The creek level fluctuates a lot from spring to summer. The property is pretty level at the beginning, which would be ideal for a building location. If you are not ready to build, there are 2 well-appointed bunkies that the current owner often stays in overnight, all seasons. There is no well or septic installed. The amount of wildlife that is around this location will be a treat for people to see. The driveway in the summer allows a car to pull right in. There are 4-5 nice sheds for all your storage needs. The aerial views show just how much vacant property surrounds this parcel, with approx. 100 acres of crown land, only a couple of lots over. You get all this and can launch a boat about five minutes away into Lake Nipissing or take a gorgeous kayak ride down the length of the South River.

MLS number
X12814426
Type
Vacant Land
Status
Active
Bedrooms
1
Bathrooms
0
Postal code
K0J 0B3
Photos
37
200days · this listing
200days · 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

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$49,980 · minimum here is $12,495
$1,106.50per month
Borrowed before insurance$199,920
Total borrowed$199,920
Interest over 25 years at 4.5%$132,031

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.

-$719.50per month out of pocket
Rent$417.00
Everything it costs to hold$1,136.50
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 Century 21 Blue Sky Region Realty Inc., Brokerage. Listing data provided by the Toronto Regional Real Estate Board.