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.

537086 Main St, Melancthon, ON L9V 1X6

Vacant Land
$4,999,000
Property tax
$1,724 / year

Unlock the full potential of this exceptional lot! Located just outside of Horning's Mills with frontage on both Main Street and Highway 124. This beautiful and accessible lot of 25.13 acres is currently zoned for development by Melancthon Township and is designated Community and Environmental Conservation by the Township of Melancthon Official Plan. Services are currently at the road with cable, hydro, gas, and high speed fibre internet all available. Proposals currently submitted to the Township for a 19 lot residential development. This property offers a unique opportunity for builders, developers, or investors seeking a strategic site.

MLS number
X12965156
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L9V 1X6
Photos
12
Laundry
Not in the unit
159days · 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

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 861 people.

$106,000Median household income
93.2%Own their home
91.5%Detached houses
43.6Median age
10.7%Born outside Canada
9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35220068 — the few blocks around this address, home to 861 people. It describes the area, not this property.

861Population
41.7Average age
2.9Household size
$136,000Average household income
$106,000Median household income
93%Own their home
7%Rent
0%Condominiums
11%Born outside Canada
9%University degree
$910,000Average home value
7%Low income
45%Not in the labour force
23%Never married
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9991%
$50,000 to $59,9992%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over36%
$100,000 to $124,99911%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over10%

Percentages are of the 450 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

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

$999,800 · minimum here is $999,800
$22,134.49per month
Borrowed before insurance$3,999,200
Total borrowed$3,999,200
Interest over 25 years at 4.5%$2,641,147

If you rented it out

-$22,278.16per month out of pocket
Rent$0.00
Everything it costs to hold$22,278.16
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 RCR REALTY. Listing data provided by the Toronto Regional Real Estate Board.