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1047 Milburough Line, Hamilton, ON L0R 1H0

Vacant Land
$800,000
Property tax
$1,076 / year

16 plus country acres, beautifully wooded on the North Burlington / Hamilton border. The area is one of open space and country homes on large lots, within minutes of Dundas St and the amenities of North Burlington. High speed internet via Bell Fibe is available in the area. The land is within the jurisdiction of the NEC. The current owners have undertaken the task of having Conservation Halton stake the wetland boundaries and setbacks on this land. The goal is to remove or amend any perceived encumbrance that would stand in the way of establishing a single home build envelope at the north end of the acreage. There has been significant progress toward this end goal. Ultimately the Buyer(s) must satisfy themselves that the land suits their future plans.

MLS number
X13012374
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L0R 1H0
Photos
1
Laundry
Not in the unit
149days · 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 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 688 people.

$124,000Median household income
89.6%Own their home
93.9%Detached houses
49.2Median age
11.6%Born outside Canada
20.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35250874 — the few blocks around this address, home to 688 people. It describes the area, not this property.

688Population
44.2Average age
2.8Household size
$144,000Average household income
$124,000Median household income
90%Own their home
10%Rent
0%Condominiums
12%Born outside Canada
20%University degree
$1,160,000Average home value
5%Low income
54%Not in the labour force
28%Never married
$25,000 to $29,9991%
$30,000 to $34,9991%
$40,000 to $44,9991%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9993%
$90,000 to $99,9994%
$100,000 and over39%
$100,000 to $124,9999%
$125,000 to $149,9996%
$150,000 to $199,9999%
$200,000 and over14%

Percentages are of the 385 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.

$160,000 · minimum here is $55,000
$3,542.23per month
Borrowed before insurance$640,000
Total borrowed$640,000
Interest over 25 years at 4.5%$422,668

If you rented it out

-$3,631.89per month out of pocket
Rent$0.00
Everything it costs to hold$3,631.89
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 REAL ESTATE SERVICES LTD.. Listing data provided by the Toronto Regional Real Estate Board.