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.

00 Wishbourne Road E, Orleans - Cumberland and Area, ON K4C 1E1

< 700 sq ft · Vacant Land
$1,495,000
Property tax
$391 / year

An extremely rare opportunity to own 53 acres of prime land in the highly sought-after Cumberland area! Only 5 minutes from Orleans. This expansive lot is currently zoned agricultural and offers tremendous potential for future development, especially with neighboring properties being actively acquired for residential and commercial growth. The location provides the perfect balance of rural tranquility and close proximity to city amenities. Whether you're looking to invest in land for future development or enjoy the peaceful countryside, this property is a must-see. Don't miss your chance to secure a piece of Cumberland's growing landscape! Lot lines in pictures should be considered approximate and are used for visualization purposes only.

MLS number
X13071338
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K4C 1E1
Photos
13
Laundry
Not in the unit
135days · 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 874 people.

$148,000Median household income
90.5%Own their home
93.3%Detached houses
51.2Median age
7.7%Born outside Canada
34%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35060005 — the few blocks around this address, home to 874 people. It describes the area, not this property.

874Population
46.8Average age
2.9Household size
$190,000Average household income
$148,000Median household income
91%Own their home
10%Rent
0%Condominiums
8%Born outside Canada
34%University degree
$930,000Average home value
4%Low income
65%Not in the labour force
25%Never married
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9992%
$60,000 to $69,9991%
$70,000 to $79,9992%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over42%
$100,000 to $124,9998%
$125,000 to $149,9998%
$150,000 to $199,99910%
$200,000 and over19%

Percentages are of the 520 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.

$299,000 · minimum here is $124,500
$6,619.54per month
Borrowed before insurance$1,196,000
Total borrowed$1,196,000
Interest over 25 years at 4.5%$789,861

If you rented it out

-$6,652.12per month out of pocket
Rent$0.00
Everything it costs to hold$6,652.12
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 INTEGRITY REALTY. Listing data provided by the Toronto Regional Real Estate Board.