Homula Realty Brokerage
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111 Moose Street, Greenstone, ON P0T 2A0

Land
$375,000

Your chance to join the Greenstone gold rush is here. Investors looking to expand their real estate portfolio or maybe your looking to work/live right on site, ideal for investors, couples or retirees that love the outdoors fishing hunting and everything that Greenstone has to offer. You should take a close look at this income-producing mobile home park in Longlac, strategically located in a thriving forestry and mining region with strong long-term growth potential. Set on 6.8 acres, the property includes 50 fully serviced lots, each equipped with water, sewage, and hydro hookups. With 12 mobile homes currently onsite and room for substantial expansion, the upside is significant. The park is just a 25-minute drive to the Greenstone Gold Mine, placing it in the heart of a major economic hub. The current owners have already invested heavily in a full cleanup, making the property ready for new ownership to step in and elevate operations. An added advantage: the site offers the option for on-site management, providing flexibility for hands-on oversight or remote ownership. With opportunities to increase cash flow and enhance overall value, this mobile home park stands out as a compelling long-term investment.

MLS number
X12952890
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P0T 2A0
Photos
6
Property tax
$11,500 / year
163days · this listing
163days · 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.

$75,000 · minimum here is $18,750
$1,660.42per month
Borrowed before insurance$300,000
Total borrowed$300,000
Interest over 25 years at 4.5%$198,126

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.

-$1,993.75per month out of pocket
Rent$625.00
Everything it costs to hold$2,618.75
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 BOYAL REALTY GROUP LTD.. Listing data provided by the Toronto Regional Real Estate Board.