Homula Realty Brokerage
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00 Poole Drive, Drummond/North Elmsley, ON K7H 0E5

Vacant Land
$299,900
Property tax
$365 / year

The last available building lot on Doctor Lake. This 3.95-acre parcel in Trillium Estates, Drummond-North Elmsley is a rare chance to build on a peaceful, quiet lake, just minutes from Perth.Doctor Lake is a no-motor lake. No boat traffic, no noise, just still water and the sound of your paddle. The lot is nestled among mature hemlock and maple, with westerly exposure that puts sunset views right where your walkout will be. Nearly four acres of natural landscape offer privacy that most waterfront properties simply can't match, with native flora and fauna throughout and room to roam.This isn't a seasonal getaway. Situated on a paved township road with high-speed internet and full township services, it's built for year-round living. The historic town of Perth is just 10 minutes away, with local dining, shops, and festivals throughout the year.Private, connected, and one of a kind. Waterfront opportunities like this close to town don't come around often.

MLS number
X12974220
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K7H 0E5
Photos
24
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.

Approximate — placed from the postal code, which can cover a block or more.

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 1,183 people.

$124,000Median household income
94.6%Own their home
100%Detached houses
56.8Median age
4.5%Born outside Canada
33.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35090175 — the few blocks around this address, home to 1,183 people. It describes the area, not this property.

1,183Population
50.2Average age
2.5Household size
$143,000Average household income
$124,000Median household income
95%Own their home
5%Rent
0%Condominiums
5%Born outside Canada
34%University degree
$700,000Average home value
4%Low income
85%Not in the labour force
19%Never married
$20,000 to $24,9991%
$25,000 to $29,9991%
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9993%
$60,000 to $69,9993%
$70,000 to $79,9992%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over40%
$100,000 to $124,9999%
$125,000 to $149,9997%
$150,000 to $199,99910%
$200,000 and over13%

Percentages are of the 745 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.

$59,980 · minimum here is $14,995
$1,327.89per month
Borrowed before insurance$239,920
Total borrowed$239,920
Interest over 25 years at 4.5%$158,448

If you rented it out

-$1,358.31per month out of pocket
Rent$0.00
Everything it costs to hold$1,358.31
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 COLDWELL BANKER FIRST OTTAWA REALTY. Listing data provided by the Toronto Regional Real Estate Board.