Homula Realty Brokerage
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167 Ailsa Craig Main Street, North Middlesex, ON N0M 1A0

Land
$249,999

Rare opportunity to own a 60' x 150' vacant commercial lot located on Main Street in the growing community of Ailsa Craig. Vacant lots on Main Street are rarely available, making this an excellent investment opportunity. Situated in a busy, high-traffic location with great visibility, this property offers endless potential for future development or business use. Ideal opportunity to build in an established commercial area with strong exposure and growing community demand.

MLS number
X13116542
Type
Land
Status
Active
Bedrooms
Bathrooms
Postal code
N0M 1A0
Photos
10
Property tax
$951 / year
122days · this listing
122days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 474 people.

$60,400Median household income
70.7%Own their home
71.4%Detached houses
58.4Median age
6.9%Born outside Canada
12.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390805 — the few blocks around this address, home to 474 people. It describes the area, not this property.

474Population
55.8Average age
1.9Household size
$84,000Average household income
$60,400Median household income
71%Own their home
29%Rent
5%Condominiums
7%Born outside Canada
12%University degree
$430,000Average home value
16%Low income
76%Not in the labour force
14%Never married
$10,000 to $14,9992%
$15,000 to $19,9994%
$20,000 to $24,99913%
$25,000 to $29,9994%
$30,000 to $34,9994%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over23%
$100,000 to $124,9998%
$125,000 to $149,9996%
$150,000 to $199,9996%
$200,000 and over4%

Percentages are of the 260 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.

$50,000 · minimum here is $12,500
$1,106.94per month
Borrowed before insurance$199,999
Total borrowed$199,999
Interest over 25 years at 4.5%$132,083

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$769.19per month out of pocket
Rent$417.00
Everything it costs to hold$1,186.19
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 KELLER WILLIAMS LIFESTYLES. Listing data provided by the Toronto Regional Real Estate Board.