Homula Realty Brokerage
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1675 Dunning Road, Orleans - Cumberland and Area, ON K4C 1L7

Investment
$1,499,900

INVESTMENT OPPORTUNITY!! Multi-residential complex situated on just over 20 ACRES of land. This unique property features 6 freestanding residential buildings, including a 4-Plex, a single family home, and two prefab homes. Offering a 8.5% CAP RATE with further upside potential through expanded storage or pasture rental opportunities. The property is fully tenanted and self-managed, providing immediate and stable income. Ideally located just 1.5 km south of Cumberland, the residences are surrounded by mature maple trees, open pastures, and natural landscapes, creating a desirable rural setting for tenants. Additional features include a 40' x 150' gravel parking area, 2 drilled wells, 3 septic systems, and propane heating. Property being sold as-is, where-is. Contact for more details!

MLS number
X13449792
Type
Investment
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K4C 1L7
Photos
50
Property tax
$6,551 / year
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

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 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 861 people.

$105,000Median household income
82.4%Own their home
86.6%Detached houses
46.4Median age
5.1%Born outside Canada
19.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35061124 — the few blocks around this address, home to 861 people. It describes the area, not this property.

861Population
43.4Average age
2.5Household size
$126,800Average household income
$105,000Median household income
82%Own their home
18%Rent
0%Condominiums
5%Born outside Canada
20%University degree
$670,000Average home value
8%Low income
55%Not in the labour force
25%Never married
$15,000 to $19,9991%
$20,000 to $24,9993%
$25,000 to $29,9991%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9991%
$50,000 to $59,9993%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over36%
$100,000 to $124,9998%
$125,000 to $149,9996%
$150,000 to $199,9999%
$200,000 and over12%

Percentages are of the 500 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.

$299,980 · minimum here is $124,990
$6,641.23per month
Borrowed before insurance$1,199,920
Total borrowed$1,199,920
Interest over 25 years at 4.5%$792,450

If you rented it out

-$7,187.15per month out of pocket
Rent$0.00
Everything it costs to hold$7,187.15
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 HALLMARK REALTY GROUP. Listing data provided by the Toronto Regional Real Estate Board.