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40723 Highway 17 Highway, Head, Clara and Maria, ON K0J 2K0

14 beds · 7 baths · 4 kitchens · 20 parking spaces · 5000 + sq ft · Other
$450,000
Property tax
$1,928 / year

Investment opportunity in Stonecliffe! Here's some of the numbers - four separate homes, eight garage spaces, fourteen bedrooms, seven bathrooms, 4.4 acres and enough parking for everyone! Whether you use it strictly for residential or add in some of the many commercial uses, there are so many possibilities for this property. A place for you and your extended family to live, each with their own house. Or, live in one and rent out the others, or rent out the large house by the room to snowmobilers in the winter and other travelers year round. This is close to the OFSC trails, lakes and parks and campgrounds. Many updates to 3 of the houses since 2020, new steel roof on all 4 houses, the 4 bay garage with 2 office/workshop areas was completely rebuilt, new roof, updated wiring(200A), all brand new garage doors and 2 man doors. The 3 bay garage used to be used by the MNR as a fire department, so the doors are sized for large truck to enter, as well as multiple storage rooms behind each bay, a TNT storage room, and a large office/storage space above the bays. The main house is above this garage and has 3 bedrooms, 2 full bathrooms(one is an ensuite), heated floors in the foyer and ensuite, a huge kitchen with plenty of countertops and storage and a wood fired cookstove and a wood furnace below in the garage. The blue house has 2 bedrooms, 1 full bathroom, recently painted, newer propane furnace and woodstove(2020). The lodge house has 7 bedrooms, 2 on the main floor, 5 on the second floor, 3 full bathrooms, a full unfinished basement, FA Propane furnace, woodstove, separate hydro meter. Also on the property is a large separate steel garage building and a storage building built into the hill. There are trails for waking or ATV's on the property and lots of room to create more. The possibilities are endless for this unique property.

MLS number
X12981380
Type
Other
Status
Active
Bedrooms
14
Bathrooms
7
Postal code
K0J 2K0
Photos
9
Laundry
Not in the unit
158days · 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 267 people.

$73,500Median household income
91.3%Own their home
95.7%Detached houses
60Median age
0%Born outside Canada
9.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35470163 — the few blocks around this address, home to 267 people. It describes the area, not this property.

267Population
54.6Average age
2.2Household size
$73,500Median household income
91%Own their home
9%Rent
0%Condominiums
0%Born outside Canada
10%University degree
$375,000Average home value
14%Low income
18%Never married
$15,000 to $19,9993%
$20,000 to $24,9993%
$35,000 to $39,9993%
$45,000 to $49,9993%
$50,000 to $59,99910%
$60,000 to $69,9997%
$70,000 to $79,9997%
$80,000 to $89,9993%
$90,000 to $99,9997%
$100,000 and over24%
$100,000 to $124,9997%
$125,000 to $149,99910%
$150,000 to $199,99910%

Percentages are of the 145 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.

$90,000 · minimum here is $22,500
$1,992.50per month
Borrowed before insurance$360,000
Total borrowed$360,000
Interest over 25 years at 4.5%$237,751

If you rented it out

-$2,153.17per month out of pocket
Rent$0.00
Everything it costs to hold$2,153.17
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 PROALLIANCE REALTY. Listing data provided by the Toronto Regional Real Estate Board.