Homula Realty Brokerage
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2155 Main Street, Cambridge, ON N1R 5S7

Land
$3,500,000

56.326 acres. Approx. 4 acres designated as Low/Medium Density Residential in the OP. 14 acres designated as H(R4) but subject to Official Plan Amendment. No reports on property. Services approx. 2km West of property available on street. Appraisal Report Dec.31, 2023.

MLS number
X13414886
Type
Land
Status
Active
Bedrooms
0
Bathrooms
—
Postal code
N1R 5S7
Photos
1
Property tax
$6,133 / year
96days · 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.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Giinawind Public School
Waterloo Region DSB
Elementary1.2 kmNot reported
South East Galt Catholic Elementary School (Elementary) School
Waterloo CDSB
Elementary1.3 kmNot reported
Cambridge Farm & Forest SchoolElementary1.4 kmNot reported
Moffat Creek Public School
Waterloo Region DSB
Elementary2.0 km6.9 / 10
69% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

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 2,319 people.

$111,000Median household income
80.5%Own their home
55.5%Detached houses
36.4Median age
33.6%Born outside Canada
17.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35301036 — the few blocks around this address, home to 2,319 people. It describes the area, not this property.

2,319Population
35.7Average age
3.2Household size
$120,400Average household income
$111,000Median household income
81%Own their home
20%Rent
14%Condominiums
34%Born outside Canada
18%University degree
$764,000Average home value
5%Low income
41%Not in the labour force
25%Never married
$15,000 to $19,999<1%
$20,000 to $24,999<1%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,999<1%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9993%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over37%
$100,000 to $124,99911%
$125,000 to $149,9998%
$150,000 to $199,99911%
$200,000 and over6%

Percentages are of the 1,140 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.

$700,000 · minimum here is $700,000
$15,497.24per month
Borrowed before insurance$2,800,000
Total borrowed$2,800,000
Interest over 25 years at 4.5%$1,849,173

If you rented it out

-$16,008.33per month out of pocket
Rent$0.00
Everything it costs to hold$16,008.33
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 JDF REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.