Homula Realty Brokerage
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737 HILL AND GULLY Road, Ryerson, ON P0A 1C0

1 bath · 2 rooms · 3 parking spaces · < 700 sq ft · Detached
$224,900
Property tax
$661 / year

Escape the hustle and bustle of city life and discover the peace and privacy of country living on this beautiful 6 acre property in between Magnetewan and Burk's Falls. Whether you're planning to build your dream home or use this as family getaway, this property offers an ideal setting surrounded by nature while remaining just minutes from town amenities, nearby lakes, and the Magnetawan River. Located on the corner of Highway 520 & Hill and Gully Road, the property is bordered by mature trees, creating a private setting with plenty of room to explore. This property includes a large main cabin, a cozy bunkie, shower house, and outhouse, making it easy to enjoy weekends at the property and a comfortable environment while you build. Outdoor enthusiasts will appreciate the proximity to ATV and snowmobile trails, excellent fishing, boating, and endless opportunities to enjoy the surrounding wilderness and abundant wildlife. If you've been searching for the perfect place to build and enjoy everything cottage country has to offer, this property is ready to make your vision a reality. (There is a large garage on the site, which is not included in the sale but it can be left for an additional cost).

MLS number
X13519530
Type
Detached
Status
Active
Bedrooms
0
Bathrooms
1
Postal code
P0A 1C0
Photos
41
Laundry
Not in the unit
74days · 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

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$44,980 · minimum here is $11,245
$995.81per month
Borrowed before insurance$179,920
Total borrowed$179,920
Interest over 25 years at 4.5%$118,823

If you rented it out

-$1,050.89per month out of pocket
Rent$0.00
Everything it costs to hold$1,050.89
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.