Homula Realty Brokerage
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24688 Carroll Line, West Elgin, ON N0L 2P0

10 parking spaces · < 700 sq ft · Farm
$1,000,000
Property tax
$1,380 / year

53.94 Acre Estate with breathtaking sunset views. Escape to the pinnacle of rural luxury and build a family compound, custom architectural masterpiece or establish a world-class homestead. This property features a dramatic topography, including lush valleys and approximately +/-8 acres of woodland. Imagine your dream home perched on the ridge, overlooking the rolling landscape with floor-to-ceiling windows capturing the golden hour across the valley. This isn't just a lifestyle property-it's a working asset. Rent out the land until you're ready to build out your vision. The flexible Agricultural (A1) zoning allows for a wide range of uses, from equestrian facilities and hobby farming to specialized greenhouses or secondary farm structures. Skip the infrastructure headaches, Hydro and Water are already available at the property. You are far from the noise, yet close enough to local amenities to maintain total convenience.Your legacy starts here. Properties of this scale, featuring both seclusion and high-yield workable acreage, are increasingly rare.

MLS number
X13061998
Type
Farm
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
N0L 2P0
Photos
28
Laundry
Not in the unit
136days · 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

No previous listings found for this address.

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 1,306 people.

$122,000Median household income
93.5%Own their home
76.8%Detached houses
38.4Median age
9.1%Born outside Canada
25.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390883 — the few blocks around this address, home to 1,306 people. It describes the area, not this property.

1,306Population
38Average age
2.7Household size
$129,500Average household income
$122,000Median household income
94%Own their home
7%Rent
5%Condominiums
9%Born outside Canada
26%University degree
$752,000Average home value
3%Low income
44%Not in the labour force
18%Never married
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9991%
$45,000 to $49,9991%
$50,000 to $59,9992%
$60,000 to $69,9994%
$70,000 to $79,9995%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over40%
$100,000 to $124,99910%
$125,000 to $149,9997%
$150,000 to $199,99914%
$200,000 and over8%

Percentages are of the 770 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.

$200,000 · minimum here is $75,000
$4,427.78per month
Borrowed before insurance$800,000
Total borrowed$800,000
Interest over 25 years at 4.5%$528,335

If you rented it out

-$4,542.78per month out of pocket
Rent$0.00
Everything it costs to hold$4,542.78
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 CENTURY 21 FIRST CANADIAN CORP. Listing data provided by the Toronto Regional Real Estate Board.