Homula Realty Brokerage
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00 Lot 2 Houston Road, Drummond/North Elmsley, ON K7H 3C8

Vacant Land
$236,000

Discover the perfect balance of serenity and convenience with this picturesque 3+ acre building lot, located on a quiet, tree-lined country road.Just minutes from Highway 7 and a short 35-minute drive to Ottawa, this property offers the charm of rural living with easy access to the nationscapital and the historic towns of Perth, Carleton Place, and Almonte truly the golden triangle of country living. This lot, once part of a historicfarmstead, sits beside a protected wildlife sanctuary featuring a half-acre pond dedicated to supporting endangered species. As the new owner,you'll have the opportunity to embrace stewardship of the land, helping to preserve towering heritage trees and protect native birds, turtles, andother wildlife. The property also offers the chance to collaborate with sustainable home builders and eco-conscious designers who are ready tobring your dream home to life. Imagine a thoughtfully designed residence surrounded by nature, with opportunities for gardening, beekeeping,and engaging in a community committed to sustainability. More than just a place to build, this is an opportunity to create a lifestyle one rooted inharmony with nature and enriched by a welcoming, eco-minded community.

MLS number
X12840594
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K7H 3C8
Photos
14
193days · 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

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.

$47,200 · minimum here is $11,800
$1,044.96per month
Borrowed before insurance$188,800
Total borrowed$188,800
Interest over 25 years at 4.5%$124,687

If you rented it out

-$1,044.96per month out of pocket
Rent$0.00
Everything it costs to hold$1,044.96
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 CENTURY 21 SYNERGY REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.