Homula Realty Brokerage
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00 MCNEELY Avenue, Carleton Place, ON K7C 0A7

Land
$5,500,000

Development land of 14.5 acres in popular Carleton Place, 20 minute drive from Ottawa on 4-lane highway. Located near busy corner of Hwy 7 and McNeely Ave in area of new growth subdivisions, commercial businesses and extensive Official Plan expansion. Land cleared and has quick, easy drive to Ottawa. Significant opportunity for diverse development projects and for developers looking to tap into a thriving market in one of the fastest consistently growing towns in Canada. Currently zoned Commercial and approved for mixed-use. New residential development surrounding the property. The acreage, location, zoning, existing expansions of infrastructure and market demand create ideal opportunity for developers and investors looking to capitalize on Carleton Place's rapid growth. Land is near busy intersection with three road frontages, McNeely Ave and Captain A Roy Brown Blvd. Surveys and covenants for land are available. HST is applicable.

MLS number
X13135194
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K7C 0A7
Photos
27
Property tax
$10,000 / year
121days · 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

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$1,100,000 · minimum here is $1,100,000
$24,352.81per month
Borrowed before insurance$4,400,000
Total borrowed$4,400,000
Interest over 25 years at 4.5%$2,905,843

If you rented it out

-$25,186.14per month out of pocket
Rent$0.00
Everything it costs to hold$25,186.14
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 FIRST OTTAWA REALTY. Listing data provided by the Toronto Regional Real Estate Board.