Homula Realty Brokerage
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4844 Imperial Road, Malahide, ON N5H 2R2

Vacant Land
$279,900
Property tax
$1,434 / year

Wonderful building lot (one of two) available in the Hamlet of Copenhagen, just a 2 minute drive from the shores of Lake Erie at Pt Bruce, and the beaches, campgrounds, marinas and restaurants. Located just 10 minutes south of Aylmer and an easy commute to St Thomas, Tillsonburg, London and Highway 401. Over 1/2 acre in size with room for a shop or pool, this is a perfect spot to build your country dream home, with municipal water and all other services available that are required to "work from home".

MLS number
X13129486
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
N5H 2R2
Photos
1
Laundry
Not in the unit
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

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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 697 people.

$104,000Median household income
93.6%Own their home
98%Detached houses
44Median age
16.1%Born outside Canada
13.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35340152 — the few blocks around this address, home to 697 people. It describes the area, not this property.

697Population
41.2Average age
2.8Household size
$110,000Average household income
$104,000Median household income
94%Own their home
6%Rent
0%Condominiums
16%Born outside Canada
13%University degree
$624,000Average home value
7%Low income
56%Not in the labour force
22%Never married
$20,000 to $24,9991%
$25,000 to $29,9993%
$30,000 to $34,9991%
$35,000 to $39,9993%
$40,000 to $44,9993%
$50,000 to $59,9995%
$60,000 to $69,9993%
$70,000 to $79,9995%
$80,000 to $89,9994%
$90,000 to $99,9993%
$100,000 and over36%
$100,000 to $124,99910%
$125,000 to $149,9998%
$150,000 to $199,99911%
$200,000 and over4%

Percentages are of the 365 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.

$55,980 · minimum here is $13,995
$1,239.34per month
Borrowed before insurance$223,920
Total borrowed$223,920
Interest over 25 years at 4.5%$147,881

If you rented it out

-$1,358.84per month out of pocket
Rent$0.00
Everything it costs to hold$1,358.84
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 COLDWELL BANKER STAR REAL ESTATE. Listing data provided by the Toronto Regional Real Estate Board.