Homula Realty Brokerage
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161 & 262 Colbourne Road, Bancroft, ON K0L 2L0

3 beds · 1 bath · 1 kitchen · 9 rooms · 6 parking spaces · 1500-2000 sq ft · Laundry on the upper level level · Rural Residential
$559,900
Property tax
$3,498 / year

Discover the freedom and possibilities of country living on nearly 188 acres of beautiful, private land. This inviting three-bedroom, one-bathroom home is surrounded by multiple open fields, fenced paddocks, animal shelters, established trails and a large barn offering storage and animal stalls.The acreage features a scenic mix of hardwood forest, open fields and trails throughout, creating an exceptional setting for a hobby farm, equestrian property, livestock, hunting or year-round outdoor recreation. Wildlife is abundant, with elk known to travel through the surrounding area, and the region is well regarded for its excellent hunting opportunities.Generous deck areas extend along three sides of the home, allowing you to follow the sunshine throughout the day while enjoying the peaceful natural surroundings. Inside, a propane fireplace provides warmth and comfort on cooler evenings.Explore the forest, ride the trails, work the open land or simply enjoy the privacy of your own expansive rural retreat. Located far enough away to feel secluded, yet still within a convenient distance of everyday necessities, this property offers the best of both worlds.With its impressive acreage, existing farm infrastructure, mixed hardwood forest, fenced paddocks and endless recreational potential, this is a rare opportunity to bring your country-living vision to life.

MLS number
X13553120
Type
Rural Residential
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
K0L 2L0
Photos
50
Laundry
Upper Level level
65days · 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.

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.

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 785 people.

$72,000Median household income
92.3%Own their home
98.5%Detached houses
54Median age
3.9%Born outside Canada
6.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120247 — the few blocks around this address, home to 785 people. It describes the area, not this property.

785Population
48.2Average age
2.4Household size
$82,800Average household income
$72,000Median household income
92%Own their home
8%Rent
0%Condominiums
4%Born outside Canada
7%University degree
$360,000Average home value
11%Low income
80%Not in the labour force
20%Never married
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9993%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9995%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9997%
$70,000 to $79,9998%
$80,000 to $89,9995%
$90,000 to $99,9996%
$100,000 and over24%
$100,000 to $124,99910%
$125,000 to $149,9997%
$150,000 to $199,9995%
$200,000 and over2%

Percentages are of the 435 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.

$111,980 · minimum here is $30,990
$2,479.12per month
Borrowed before insurance$447,920
Total borrowed$447,920
Interest over 25 years at 4.5%$295,815

If you rented it out

-$2,770.62per month out of pocket
Rent$0.00
Everything it costs to hold$2,770.62
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 Bowes & Cocks Limited. Listing data provided by the Toronto Regional Real Estate Board.