Homula Realty Brokerage
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1010 Cordova Road, Highlands East, ON K0L 2Y0

2+2 beds · 3 baths · 1+1 kitchens · 5+4 rooms · 10 parking spaces · 700-1100 sq ft · Laundry on the main level level · Detached
$724,900
Property tax
$2,244 / year

Looking for extra space, multi-generational living, or an investment opportunity? This unique package offers two homes on a beautifully landscaped and private 1.4-acre property, which includes a 120' x 239' lot already prepped for a future garage. The main home features an open concept kitchen, dining and living area, two bedrooms on the upper level and a den on the lower level that can easily accommodate overflow guests. Enjoy the convenience of main floor laundry, a full basement with a cozy woodstove, and a 3 piece bathroom on each level. The main home is heated primarily with the woodstove, using baseboards as a backup. The woodstove is a Drolet woodstove that easily heats the house on 3 bush cords of firewood. The second home is fully winterized and sits on piers with spray foam insulation underneath. It offers two bedrooms, a 3 piece bathroom, a screened porch, and a verandah, the perfect place to relax and watch the local wildlife. Both homes have their own drilled wells and septic systems, providing independence and flexibility for family, guests, or rental potential. The second home has a beautiful Elmira - Sweetheart woodstove that easily heats the house and offers traditional cooking and baking. Live comfortably in one home while generating income by renting the other or explore the possibility of using one as a short-term rental or Airbnb (subject to local regulations and approvals).The property offers loads of parking, excellent privacy, and easy access to the rail trail for hiking, biking, and enjoying the outdoors. A rare opportunity to own two homes on one property in a peaceful setting with plenty of options for personal use, extended family, or income generation.

MLS number
X13445028
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
3
Postal code
K0L 2Y0
Photos
50
Laundry
Main Level level
89days · 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.

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 681 people.

$55,600Median household income
84.5%Own their home
95.5%Detached houses
58.8Median age
3.6%Born outside Canada
7.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35460075 — the few blocks around this address, home to 681 people. It describes the area, not this property.

681Population
53.1Average age
2.1Household size
$64,000Average household income
$55,600Median household income
85%Own their home
16%Rent
4%Condominiums
4%Born outside Canada
8%University degree
$500,000Average home value
22%Low income
17%Never married
Under $5,0003%
$10,000 to $14,9994%
$15,000 to $19,9993%
$20,000 to $24,9996%
$25,000 to $29,9993%
$30,000 to $34,9994%
$35,000 to $39,9998%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9991%
$90,000 to $99,9996%
$100,000 and over17%
$100,000 to $124,9999%
$125,000 to $149,9994%
$150,000 to $199,9993%
$200,000 and over3%

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.

$144,980 · minimum here is $47,490
$3,209.70per month
Borrowed before insurance$579,920
Total borrowed$579,920
Interest over 25 years at 4.5%$382,990

If you rented it out

-$3,396.70per month out of pocket
Rent$0.00
Everything it costs to hold$3,396.70
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 RE/MAX Professionals North. Listing data provided by the Toronto Regional Real Estate Board.