Homula Realty Brokerage
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225701A Southgate 22 Road, Southgate, ON N0C 1B0

< 700 sq ft · Vacant Land
$70,000
Property tax
$201 / year

Are you a builder ready to turn raw land into a stunning creation? Or a family dreaming of designing a custom home that perfectly suits your lifestyle? This vacant lot in Southgate Township offers the perfect opportunity to bring your vision to life. Zoned Residential and EP(Environmental Protection), this property presents both opportunity and responsibility. While part of the land is ready for your residential plans, the environmentally protected area ensures the natural surroundings are preserved and respected. Set in the heart of the charming Southgate community, this property is your blank canvas ideal for building the home you've always imagined. Just a short drive from Dundalk, you'll enjoy the peaceful atmosphere of small-town living with convenient access to essential amenities. Please note: There are currently no services connected to the lot, giving you the flexibility to plan infrastructure according to your specific needs.

MLS number
X12944246
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
N0C 1B0
Photos
7
Laundry
Not in the unit
165days · 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 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

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

$14,000 · minimum here is $3,500
$309.94per month
Borrowed before insurance$56,000
Total borrowed$56,000
Interest over 25 years at 4.5%$36,983

If you rented it out

-$326.69per month out of pocket
Rent$0.00
Everything it costs to hold$326.69
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 MILLENNIUM INC.. Listing data provided by the Toronto Regional Real Estate Board.