Homula Realty Brokerage
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887 County 48 Road, Havelock-Belmont-Methuen, ON K0L 1Z0

7 beds · 2 baths · 1 kitchen · 7+4 rooms · 23 parking spaces · 3500-5000 sq ft · Rural Residential
$1,099,999
Property tax
$3,851 / year

Imagine waking up to 22 acres of your own peaceful, sunlit countryside, located just moments from the water where you can enjoy a relaxed lake-view lifestyle and quiet afternoons of fishing. This beautiful hobby farm features a spacious, welcoming brick home with seven comfortable bedrooms and two freshly updated bathrooms, complete with brand-new kitchen updates, warm wood flooring, and a durable metal roof. The heart of the house is designed for making memories, boasting a massive living room with a cozy fireplace and a spectacular family room with high, vaulted ceilings that let the daylight pour in. Outside, you'll love the giant three-car garage, a classic country barn, and absolute peace of mind with a reliable private well. Best of all, this property is ready for your biggest dreams-featuring a premium $250,000 commercial-strength electrical upgrade perfect for any hobby or home business, and even a $50,000 dump truck included to help you easily care for this stunning piece of paradise.

MLS number
X13563880
Type
Rural Residential
Status
Active
Bedrooms
7
Bathrooms
2
Postal code
K0L 1Z0
Photos
30
Laundry
Not in the unit
62days · 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 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

$220,000 · minimum here is $85,000
$4,870.56per month
Borrowed before insurance$879,999
Total borrowed$879,999
Interest over 25 years at 4.5%$581,168

If you rented it out

-$5,191.47per month out of pocket
Rent$0.00
Everything it costs to hold$5,191.47
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 REALTRON REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.