Homula Realty Brokerage
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1201 Dunning Road, Orleans - Cumberland and Area, ON K4C 1P6

Vacant Land
$399,000
Property tax
$2,340 / year

The perfect offering in sought-after Cumberland Village! One of the last truly premium estate-style lots available, at over 2.8 acres. This picturesque property is the perfect canvas for your custom home, with both exceptional privacy and stunning views of the valley and surrounding nature. The site has been thoughtfully prepared with a scenic, flowing driveway, anchored by a dramatic architectural precast bridge over a natural stream, creating a whimsical sense of arrival to your future residence. Enjoy the peaceful setting of no rear neighbours, backing onto forested greenspace and tranquil foot trails, connecting your family to baseball diamonds, soccer fields, tennis courts, play structures, skating arenas, winter tobogganing, farmers markets, the Cumberland Heritage Museum, and much more. This location truly shines for a refined lifestyle and family living - only a short stroll to wander into the heart of the village to visit many of Cumberland Village's gems or enjoy a treat at the beloved Black Walnut Bakery. Commuting is easy with quick access to the highway 174, just 8 minutes to the Trim Road LRT and ~25 minutes to downtown. A large buildable area has already been cleared at the top of the escarpment. Hydro and natural gas are available at the road. Local speed limit reduction for safety. Some photos from previous year. Seller is a Tarion registered builder able to create a full custom experience. A unique blend of big-sky country, and city convenience - your dream home starts here.

MLS number
X13108070
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K4C 1P6
Photos
18
Laundry
Not in the unit
128days · 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 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 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.

Matched to a published address point for this address.

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 621 people.

$146,000Median household income
90.7%Own their home
86.4%Detached houses
44.4Median age
17.4%Born outside Canada
33.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35060002 — the few blocks around this address, home to 621 people. It describes the area, not this property.

621Population
41.9Average age
2.9Household size
$156,000Average household income
$146,000Median household income
91%Own their home
9%Rent
0%Condominiums
17%Born outside Canada
34%University degree
$685,000Average home value
2%Low income
66%Not in the labour force
19%Never married
$30,000 to $34,9991%
$50,000 to $59,9991%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9994%
$90,000 to $99,9991%
$100,000 and over43%
$100,000 to $124,9997%
$125,000 to $149,9998%
$150,000 to $199,99911%
$200,000 and over17%

Percentages are of the 360 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.

$79,800 · minimum here is $19,950
$1,766.69per month
Borrowed before insurance$319,200
Total borrowed$319,200
Interest over 25 years at 4.5%$210,806

If you rented it out

-$1,961.69per month out of pocket
Rent$0.00
Everything it costs to hold$1,961.69
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 TEAM REALTY. Listing data provided by the Toronto Regional Real Estate Board.