Homula Realty Brokerage
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1938 Turkey Point Road, Norfolk, ON N3Y 4J9

3 beds · 2 baths · 1 kitchen · 9 rooms · 6 parking spaces · 1500-2000 sq ft · Farm
$1,149,000
Property tax
$5,068 / year

MOTIVATED SELLER! MAJOR PRICE REDUCTION FROM $1.57M TO $1.149M! Rare opportunity to own approx. 10 acres near Simcoe combining land investment, agricultural business potential & country living. Surrounded by productive farmland and nearby residential development, this property is well positioned for future growth and long-term land-value potential. Ideal for greenhouse and specialty farming with fertile sand-loam soil, ample water, hydro & connected natural gas. 3-phase power is available along the front road, offering excellent potential for greenhouse vegetables, processing, refrigeration and other agricultural operations. Located in Norfolk County, the heart of Ontario's ginseng industry, offering unique potential for ginseng/high-value crop production, processing, storage, wholesale and trade with Canadian & Asian markets. Excellent flexibility for multi-generational living, with potential for an additional detached residential dwelling subject to zoning and approvals. Minutes to Simcoe, Long Point, Lake Erie and provincial recreation areas-ideal for family living, B&B/rural tourism or a private country retreat. Existing 1,707 sq.ft. 3-bedroom bungalow, detached 2-car garage, and multiple outbuildings, including one with hydro & water. **SELLER IS MOTIVATED AND READY TO MAKE A DEAL!** Invest, farm, live and grow-an exceptional 10-acre opportunity with value today and exciting possibilities for tomorrow

MLS number
X13124078
Type
Farm
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
N3Y 4J9
Photos
39
122days · 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 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 478 people.

$99,000Median household income
91.2%Own their home
97.2%Detached houses
44Median age
4.2%Born outside Canada
10.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35280306 — the few blocks around this address, home to 478 people. It describes the area, not this property.

478Population
43.2Average age
2.6Household size
$119,000Average household income
$99,000Median household income
91%Own their home
9%Rent
0%Condominiums
4%Born outside Canada
11%University degree
$550,000Average home value
9%Low income
69%Not in the labour force
20%Never married
$15,000 to $19,9992%
$25,000 to $29,9994%
$30,000 to $34,9992%
$35,000 to $39,9992%
$50,000 to $59,9998%
$60,000 to $69,9996%
$70,000 to $79,9992%
$80,000 to $89,9992%
$90,000 to $99,9996%
$100,000 and over35%
$100,000 to $124,99910%
$125,000 to $149,9998%
$150,000 to $199,99910%
$200,000 and over6%

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.

$229,800 · minimum here is $89,900
$5,087.52per month
Borrowed before insurance$919,200
Total borrowed$919,200
Interest over 25 years at 4.5%$607,057

If you rented it out

-$5,509.86per month out of pocket
Rent$0.00
Everything it costs to hold$5,509.86
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 RIGHT AT HOME REALTY. Listing data provided by the Toronto Regional Real Estate Board.