Homula Realty Brokerage
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00 Drummond Concession 9A Road, Drummond/North Elmsley, ON K7H 3C8

Vacant Land
$149,900
Property tax
$400 / year

Ideally located near Mississippi Lake, with public boat launch just across the road, 1.5 acre building lot. Here, you'll enjoy convenient lake access for boating, fishing, swimming and other water activities. The lot is cleared and ready for your building plans, while mature trees along the side and and at the rear provide a natural backdrop and added privacy. A drilled well is already in place, completing one important step in the custom home building process. Bring your vision to life and create a home tailored to your lifestyle, surrounded by the scenic nature. Buyers to complete their own due diligence regarding building requirements and permitted uses. Beside this lot is another lot, 1.5 acres also for sale. Buyer could purchase both lots. Located between Carleton Place and Perth, approx 20 mins to either town.

MLS number
X13573810
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K7H 3C8
Photos
13
Laundry
Not in the unit
58days · 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.

Work out the numbers

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

$29,980 · minimum here is $7,495
$663.72per month
Borrowed before insurance$119,920
Total borrowed$119,920
Interest over 25 years at 4.5%$79,197

If you rented it out

-$697.06per month out of pocket
Rent$0.00
Everything it costs to hold$697.06
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 COLDWELL BANKER FIRST OTTAWA REALTY. Listing data provided by the Toronto Regional Real Estate Board.