Homula Realty Brokerage
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5320 Netherby Road E, Fort Erie, ON L3B 5N7

1+1 rooms · 50 parking spaces · < 700 sq ft · Farm
$1,990,000
Property tax
$782 / year

LOCATION! LOCATION! LOCATION! VTB CONSIDERED BY THE SELLER !!! Amazing land with 1085 sq. ft. of the front. Prime area of Netherby road just near the New Hospital its right on the Netherby Rd Fort Erie. Direct Access to QEW.Total 35 acres of Land. Use to be Horse Racing track. Once the zoning is changed Its big enough to potentially build more than 1000 houses. Flat piece of Land. Just minutes drive from the new Niagara Hospital. Vacant land with a portion being farmed. **EXTRAS** Property has a Barn which is presently Empty. Has two ponds of 1/2 acres each. Its Flat land GREAT OPPOURTUNITTY for the future developers. Buyer has to do his own due diligence for CURRENT USES and FUTURE POSSIBILITIES.

MLS number
X13166994
Type
Farm
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L3B 5N7
Photos
14
Laundry
Not in the unit
113days · 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 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 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.

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 673 people.

$94,000Median household income
94.2%Own their home
94.3%Detached houses
51.2Median age
6.7%Born outside Canada
15.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260803 — the few blocks around this address, home to 673 people. It describes the area, not this property.

673Population
46.1Average age
2.5Household size
$104,000Average household income
$94,000Median household income
94%Own their home
6%Rent
0%Condominiums
7%Born outside Canada
16%University degree
$655,000Average home value
6%Low income
63%Not in the labour force
20%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%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9995%
$100,000 and over31%
$100,000 to $124,99910%
$125,000 to $149,9998%
$150,000 to $199,9998%
$200,000 and over6%

Percentages are of the 390 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.

$398,000 · minimum here is $398,000
$8,811.29per month
Borrowed before insurance$1,592,000
Total borrowed$1,592,000
Interest over 25 years at 4.5%$1,051,387

If you rented it out

-$8,876.46per month out of pocket
Rent$0.00
Everything it costs to hold$8,876.46
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 HOMELIFE SUPERSTARS REAL ESTATE LIMITED. Listing data provided by the Toronto Regional Real Estate Board.