Homula Realty Brokerage
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281 CONC 2 TOWNSEND, Norfolk, ON N0E 1R0

Farm
$899,900

49.6-acre parcel of sandy-loam farmland in Norfolk. Comprised of approx. 28 workable acres and the rest in bush and air strip/runway space. The land has most recently been farmed in a cash crop rotation by a tenant farmer and all but approximately 2 acres have grown ginseng. The A zoning permits a home to be built here. There is a natural gas well on the property, producing more than enough (free) gas for household use and then some. Hydro and high-speed internet available at the road. Add to your existing land base or begin your farmland investment right here. This is a nice block of ground, having 129' of frontage on a quiet paved road, 15 mins from Hwy 403 access. Do not miss this opportunity, book your private viewing today.

MLS number
X13097746
Type
Farm
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
N0E 1R0
Photos
7
Property tax
$1,162 / year
130days · 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

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$179,980 · minimum here is $64,990
$3,984.56per month
Borrowed before insurance$719,920
Total borrowed$719,920
Interest over 25 years at 4.5%$475,449

If you rented it out

-$4,081.40per month out of pocket
Rent$0.00
Everything it costs to hold$4,081.40
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 RE/MAX TWIN CITY REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.