Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

17588 McPhail Road, South Stormont, ON K0C 2A0

Investment
$1,400,000

Here's a rare opportunity in the Township of South Stormont. Located just 10 minutes north of Cornwall, this impressive 175-acre property offers exceptional potential, with a portion of the land zoned Tourist Commercial, allowing for a wide range of future development and business opportunities.The property features beautiful mixed bush, a scenic pond, and a spacious family home with a walk-out lower level-ideal for a home-based business or on-site office. A triple attached garage with an oversized bay door provides ample space for equipment, vehicles, and storage.From day one, the property generates steady income through the land lease of two mobile homes, producing $1,700 per month. Formerly operated as an income-producing campground, this unique property offers endless possibilities for entrepreneurs, investors, or those looking to create something truly special.If you're ready to explore the opportunities this unique zoning and remarkable property have to offer, reach out today for more information.

MLS number
X13576326
Type
Investment
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K0C 2A0
Photos
50
Property tax
$10,004 / year
59days · 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.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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 557 people.

$90,000Median household income
85.1%Own their home
93%Detached houses
46Median age
4.5%Born outside Canada
10.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35010358 — the few blocks around this address, home to 557 people. It describes the area, not this property.

557Population
43.8Average age
2.6Household size
$89,000Average household income
$90,000Median household income
85%Own their home
15%Rent
0%Condominiums
5%Born outside Canada
11%University degree
$428,000Average home value
11%Low income
20%Never married
$20,000 to $24,9993%
$25,000 to $29,9992%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9992%
$100,000 and over31%
$100,000 to $124,99910%
$125,000 to $149,99910%
$150,000 to $199,9998%
$200,000 and over5%

Percentages are of the 310 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.

$280,000 · minimum here is $115,000
$6,198.90per month
Borrowed before insurance$1,120,000
Total borrowed$1,120,000
Interest over 25 years at 4.5%$739,669

If you rented it out

-$7,032.56per month out of pocket
Rent$0.00
Everything it costs to hold$7,032.56
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 AFFILIATES MARQUIS LTD.. Listing data provided by the Toronto Regional Real Estate Board.