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.

2421 Buckwheat Road W, Edwardsburgh/Cardinal, ON K0E 1X0

4 beds · 2 baths · 1 kitchen · Farm
$799,000

Opportunity awaits on this expansive rural property offering over 130 acres of mixed-use land, ideally suited for a hobby farm, recreational retreat, or expansion of an existing agricultural operation. Featuring a combination of open hay fields and treed/uncleared areas, the property offers excellent versatility and long-term potential. Conveniently located just north of Spencerville, the property benefits from road frontage on both Buckwheat Road and Smith Road, providing added flexibility for future use. The existing 4-bedroom, 2-bathroom farmhouse is in need of significant renovation and is being sold in "as is" condition, offering an opportunity for those looking to restore or rebuild. Several outbuildings are also located on the property, supporting a variety of agricultural or storage needs. Septic system and well have been inspected, with reports available upon request. A unique chance to secure a sizable parcel in a desirable rural setting-bring your vision and make it your own. Future severance potential of up to 2 building lots, via the proposed 'County Official Plan Amendment' (proposed rezoning).

MLS number
X13600606
Type
Farm
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
K0E 1X0
Photos
45
Property tax
$3,693 / year
51days · this listing
137days · this property (5 listings)

This home has been listed 5 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

137 days on the market across 5 listings
This listing shows 51 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

This address has been listed 5 times.

Sale history is for registered usersSee what this address sold for and when, across all 5 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this home 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 462 people.

$94,000Median household income
86.5%Own their home
87.2%Detached houses
52Median age
3.3%Born outside Canada
16.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35070170 — the few blocks around this address, home to 462 people. It describes the area, not this property.

462Population
46.7Average age
2.4Household size
$118,000Average household income
$94,000Median household income
87%Own their home
14%Rent
0%Condominiums
3%Born outside Canada
16%University degree
$400,000Average home value
10%Low income
56%Not in the labour force
21%Never married
$10,000 to $14,9992%
$20,000 to $24,9993%
$25,000 to $29,9995%
$30,000 to $34,9993%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9993%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over31%
$100,000 to $124,99910%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over9%

Percentages are of the 290 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.

$159,800 · minimum here is $54,900
$3,537.80per month
Borrowed before insurance$639,200
Total borrowed$639,200
Interest over 25 years at 4.5%$422,140

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$2,513.55per month out of pocket
Rent$1,332.00
Everything it costs to hold$3,845.55
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 ROYAL LEPAGE PERFORMANCE REALTY. Listing data provided by the Toronto Regional Real Estate Board.