389 County Rd 48 Road, Havelock-Belmont-Methuen, ON K0L 1Y0
This unique 166-acre property minutes from Havelock combines substantial land with versatile buildings, offering strong appeal as an investment and land-banking opportunity. The 4-bedroom, 2-bathroom home provides comfortable accommodation, featuring an enclosed front porch with direct entry into the dining room, a bright living room with stairs leading to the second floor, and a well-laid-out kitchen with adjoining laundry room. The second-floor foyer/sitting area creates additional usable space between bedrooms, enhancing the home's functionality for tenants or owner-occupiers. **Modern mechanicals include a furnace, water softener, and hot water tank installed in November 2019, plus 100-amp electrical service in the residence. A double car garage with an additional shed behind it can function as a third indoor parking bay, adding value for storage or tenant use. The standout feature is the two-level barn, approximately 1,900 sq ft per level with 400-amp service, ideal for a car collection, woodworking or metalworking shop, storage for landscaping and snow equipment, adult "toys" such as boats, RVs, dirt bikes and jet skis, seasonal household storage, or potential event and hobby space (subject to approvals). **Situated on County Rd 48 with over 5,000 ft of frontage, the property benefits from excellent road exposure and convenient access for future commercial-style rural uses. A preliminary indication suggests the possibility of severing the land into up to four lots, with the prospect for more subject to buyer due diligence and municipal approvals, giving investors room to explore future subdivision or phased disposal strategies. With multiple permitted uses including agricultural, home occupation, home industry, recreational and other rural operations, this property offers an attractive blend of current utility and long-term appreciation potential in a growing rural corridor.
- MLS number
- X13577022
- Type
- Investment
- Status
- Active
- Bedrooms
- —
- Bathrooms
- —
- Postal code
- K0L 1Y0
- Photos
- 39
- Property tax
- $3,887 / year
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.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Investment
- Class
- Commercial
- Community
- Belmont-Methuen
- Municipality
- Havelock-Belmont-Methuen
- Cross street
- CR48 & Mid-Belmont 7th Line
- Zoning
- EP-RU (see attached Zoning document)
Parking
- Garage
- Double Detached
- Driveway spaces
- 13
Land
- Lot
- 5059.48 × 2613.76 feet
- Shape
- Irregular
Heating, cooling and services
- Heating
- Propane Gas
- Cooling
- No
- Water
- Well
- Sewer
- Septic
Listing
- MLS number
- X13577022
- Status
- Price Change
- Previous status
- New
- Listed on
- 2026-07-16
- Expires
- 2026-12-31
- Taxes
- $3,887 (2026)
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 4 times.
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
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 1,168 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35120232 — the few blocks around this address, home to 1,168 people. It describes the area, not this property.
Percentages are of the 715 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.
If you rented it out
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.
