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.

2478 Cleroux Crescent, Blackburn Hamlet, ON K1W 1A3

4 beds · 2 baths · 1 kitchen · 7+3 rooms · 5 parking spaces · 1100-1500 sq ft · Vacant Land
$925,000
Property tax
$4,267 / year

Exceptional opportunity to acquire a high-potential land-holding in the heart of Blackburn Hamlet. This massive 53' x 223' deep parcel is perfectly positioned for "Missing Middle" intensification. Redevelopment. Zoning: Currently R4Z with Official Plan NB3 re-designation proposal, specifically supporting multi-unit residential projects. Rare 223+ ft depth provides a substantial footprint for creative, high-density site plans. Backs directly onto NCC Greenspace (FAC Zoning), offering privacy and a premium "park-like" backdrop-a massive value-add for future resale/rentals. Municipal water, sewer, and gas are already on-site serving a occupied home. Ideally located in a "15-minute neighborhood" walking distance to Greenbelt trails, transit, and schools. While you secure permits and site plan approval, the existing detached home serves as a functional income-generating rental or holding property. Properties of this scale with direct NCC adjacency and favorable zoning are increasingly rare. Don't miss this strategic addition to your portfolio.

MLS number
X12910086
Type
Vacant Land
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
K1W 1A3
Photos
19
173days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

$185,000 · minimum here is $67,500
$4,095.70per month
Borrowed before insurance$740,000
Total borrowed$740,000
Interest over 25 years at 4.5%$488,710

If you rented it out

-$4,451.28per month out of pocket
Rent$0.00
Everything it costs to hold$4,451.28
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 ROYAL LEPAGE PERFORMANCE REALTY. Listing data provided by the Toronto Regional Real Estate Board.