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1198 Arbuste Avenue, Orleans - Cumberland and Area, ON K4C 1C2

Vacant Land
$619,900
Property tax
$2,159 / year

Dream Estate Lot - Rare Opportunity in Prestigious Cumberland Community. Welcome to 1198 Arbuste / Sequoia (to be confirmed with the City) - a premium 2-acre estate corner lot offering one of the last opportunities to build in this sought-after private rural community just minutes from Ottawa. This cleared, build-ready RR1 zoned property offers an exceptional setting for a custom estate home surrounded by luxury residences valued at $1.5M+.Key features include: 2-acre corner estate lot with excellent exposure Zoned RR1 (Residential Rural) Hydro and telecom available Cable/internet available in area Private well required (buyer responsibility) Septic required (buyer responsibility) Quiet estate community setting Quick access to Highway 174 and Ottawa amenities Surrounded by custom homes in a highly desirable enclave. Enjoy the privacy and space of rural estate living while remaining minutes from the city. Concept renderings are for inspiration only and subject to buyer design and municipal approvals. Private buyers, families, and custom builders are welcome. *For Additional Property Details Click The Brochure Icon Below*

MLS number
X13109330
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K4C 1C2
Photos
12
127days · 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.

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.

$123,980 · minimum here is $36,990
$2,744.78per month
Borrowed before insurance$495,920
Total borrowed$495,920
Interest over 25 years at 4.5%$327,515

If you rented it out

-$2,924.70per month out of pocket
Rent$0.00
Everything it costs to hold$2,924.70
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 ICI SOURCE REAL ASSET SERVICES INC.. Listing data provided by the Toronto Regional Real Estate Board.