Homula Realty Brokerage
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6751 Hwy 7, Havelock-Belmont-Methuen, ON K0L 1Z0

Commercial Retail
$489,000

Prime Commercial Development Opportunity - Approx. 6 Acres On Highway 7, HavelockExcellent Opportunity To Own Approximately 6.0 Acres Of Vacant Commercial Land With C1 Commercial Zoning In A Highly Accessible Location Just East Of Havelock. This Property Offers Outstanding Potential For Investors, Developers, And Entrepreneurs Looking To Establish Or Expand A Business In A Growing Area.The C1 Commercial Zoning Permits A Wide Variety Of Commercial Uses, Including But Not Limited To Retail Stores, Restaurants, Convenience Stores, Professional Offices, Clinics, Daycare Centres, Hotels/motels, Equipment Rental Facilities, Rental Storage Facilities, Motor Vehicle Dealerships, Repair Garages, Car Washes, Farm-related Commercial Uses, Entertainment Facilities, And Many Other Similar Uses.Located With Excellent Highway 7 Exposure, This Property Provides Convenient Access To Surrounding Communities And Major Centres, Approximately 40 Minutes To Peterborough, 45 Minutes To Belleville, And Under 2 Hours To Toronto.A Rare Opportunity To Secure A Large Commercial Parcel With Flexible Zoning, Strong Highway Visibility, And Significant Future Development Potential.Ideal For Investors, Developers, And Business Owners Seeking A Strategic Commercial Location.

MLS number
X13550376
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K0L 1Z0
Photos
3
Property tax
$413 / year
64days · 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.

$97,800 · minimum here is $24,450
$2,165.19per month
Borrowed before insurance$391,200
Total borrowed$391,200
Interest over 25 years at 4.5%$258,356

If you rented it out

-$2,199.60per month out of pocket
Rent$0.00
Everything it costs to hold$2,199.60
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 HOMELIFE/FUTURE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.