Homula Realty Brokerage
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1023 Sparrow Lake Route D Route, Gravenhurst, ON P0E 1G0

Vacant Land
$230,000
Property tax
$507 / year

Discover the opportunity to bring your vision to life on this 3 + acre vacant lot. The property features a cleared building site, ready for your custom home or cottage retreat. Located just minutes from pristine lakes, this lot offers easy access to outdoor adventures including boating, fishing, and hiking. Commuting is a breeze with convenient proximity to the highway, while nearby shopping and dining options ensure all your indulgences are within reach. Note that future development in widening Highway 11 may impact this property. Buyers are requested to do their due diligence with regards to this property.

MLS number
X13136204
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P0E 1G0
Photos
16
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.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 775 people.

$95,000Median household income
96.4%Own their home
86.2%Detached houses
49.2Median age
5.9%Born outside Canada
17.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440254 — the few blocks around this address, home to 775 people. It describes the area, not this property.

775Population
45.2Average age
2.4Household size
$125,000Average household income
$95,000Median household income
96%Own their home
4%Rent
4%Condominiums
6%Born outside Canada
18%University degree
$660,000Average home value
7%Low income
54%Not in the labour force
23%Never married
$15,000 to $19,9991%
$20,000 to $24,9993%
$25,000 to $29,9992%
$30,000 to $34,9991%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9991%
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over32%
$100,000 to $124,99911%
$125,000 to $149,9998%
$150,000 to $199,9998%
$200,000 and over5%

Percentages are of the 485 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.

$46,000 · minimum here is $11,500
$1,018.39per month
Borrowed before insurance$184,000
Total borrowed$184,000
Interest over 25 years at 4.5%$121,517

If you rented it out

-$1,060.64per month out of pocket
Rent$0.00
Everything it costs to hold$1,060.64
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 Muskoka Real Estate Services Inc. Listing data provided by the Toronto Regional Real Estate Board.