Homula Realty Brokerage
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7100 Line 28, West Perth, ON N0K 1E0

3 beds · 1 bath · 1 kitchen · 8 rooms · 20 parking spaces · 1500-2000 sq ft · Farm
$3,795,000
Property tax
$5,932 / year

A rare opportunity to acquire a well-maintained 100-acre cash crop farm in West Perth, Ontario - family-owned since 1980 with no previous severances. The property offers 86 workable/tillable acres currently producing white beans and corn under a cash crop tenancy, along with 10 acres of bush/woodlot and approximately 4 acres occupied by buildings and lawn. Perth County loam soils with random tile drainage provide a strong productive base. The extensively updated farmhouse, a 40' 80' heated shop/drive shed built in1988, and a classic bank barn round out a versatile farm package offering both agricultural income and country living appeal.

MLS number
X13487952
Type
Farm
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
N0K 1E0
Photos
50
78days · this listing
78days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 470 people.

$105,000Median household income
84.4%Own their home
100%Detached houses
36Median age
4.5%Born outside Canada
19%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35400213 — the few blocks around this address, home to 470 people. It describes the area, not this property.

470Population
36.9Average age
3Household size
$124,000Average household income
$105,000Median household income
84%Own their home
16%Rent
0%Condominiums
5%Born outside Canada
19%University degree
$640,000Average home value
2%Low income
19%Not in the labour force
24%Never married
$40,000 to $44,9992%
$50,000 to $59,9992%
$60,000 to $69,9995%
$70,000 to $79,9997%
$80,000 to $89,9997%
$90,000 to $99,9995%
$100,000 and over36%
$100,000 to $124,99911%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over9%

Percentages are of the 220 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.

$759,000 · minimum here is $759,000
$16,803.44per month
Borrowed before insurance$3,036,000
Total borrowed$3,036,000
Interest over 25 years at 4.5%$2,005,032

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$10,972.77per month out of pocket
Rent$6,325.00
Everything it costs to hold$17,297.77
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 Sutton Group - First Choice Realty Ltd.. Listing data provided by the Toronto Regional Real Estate Board.