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.

Vacant Lot 64 Highway, French River, ON P0M 1A0

Vacant Land
$68,500
Property tax
$412 / year

Could This Be the One to Start your Portfolio? Yes, we offer cleared Land ... its ready to roll! This lot is diverse and it makes Real Estate Simple! Why not build your own dwelling on this 170x 312 lot!Situated with 170ft of frontage, directly off the Highway! This lot offers exciting diversity! The setting is in a magnificent location with easy access! Have you been looking for an investment or development right on Highway 64?There are No I dos in this ceremony... Just a vow to love the land! This is a one-of-a-kind property! Driveway... Already In! Hydro... At lot line! More?? This area has so many lakes, rivers, snow mobile and atv trails! If you are interested in getting into the market, this may be the opportunity you have been waiting for! Invest, build, or hold, this opportunity is available here! Priced to sell! Make us an offer!

MLS number
X13020582
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P0M 1A0
Photos
4
146days · this listing
146days · 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.

$13,700 · minimum here is $3,425
$303.30per month
Borrowed before insurance$54,800
Total borrowed$54,800
Interest over 25 years at 4.5%$36,191

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.

-$223.64per month out of pocket
Rent$114.00
Everything it costs to hold$337.64
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 Narozanski North Realty Inc. Listing data provided by the Toronto Regional Real Estate Board.