Homula Realty Brokerage
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55468 Best Line, Bayham, ON N5H 2R3

5+2 beds · 4 baths · 2 kitchens · 15+6 rooms · 14 parking spaces · 3000-3500 sq ft · Farm
$2,749,900
Property tax
$9,600 / year

This well-rounded 51 acre farm property offers a combination of productive land, mature bush, quality outbuildings, and a completely renovated home. The property features 34 workable acres, with systematic drainage tile throughout the fields with the exception of 4 acres. Approximately 10 acres of mature bush have not been logged in over 25 years, providing privacy and a natural setting.The beautifully renovated home offers over 5,000 sq. ft. of finished living space with 7 bedrooms and 4 bathrooms. The upper level currently operates as an Airbnb with its own separate entrance, offering an attractive option for additional income, guest accommodations, or extended family. With the existing layout and flow, the space can also easily function as part of the main home.The finished basement with walkout adds valuable living and recreation space, while the outdoor areas are designed for enjoying the property, with an above-ground pool, pergola, back deck, and inviting front porch. The grounds are beautifully landscaped and well maintained.For the farm and hobby enthusiast, the insulated 50' x 40' triple-bay shop features 200-amp service and provides plenty of room for equipment, vehicles, storage, or workshop use. With easy access to the highway, this property offers the space and versatility of country living while remaining conveniently connected to surrounding communities and amenities.

MLS number
X13627746
Type
Farm
Status
Active
Bedrooms
7
Bathrooms
4
Postal code
N5H 2R3
Photos
49
42days · this listing
42days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

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 631 people.

$95,000Median household income
89.2%Own their home
100%Detached houses
33.2Median age
12.2%Born outside Canada
13.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35340161 — the few blocks around this address, home to 631 people. It describes the area, not this property.

631Population
35.2Average age
3.3Household size
$104,000Average household income
$95,000Median household income
89%Own their home
11%Rent
0%Condominiums
12%Born outside Canada
13%University degree
$600,000Average home value
12%Low income
50%Not in the labour force
30%Never married
$10,000 to $14,9992%
$20,000 to $24,9992%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9992%
$50,000 to $59,9995%
$60,000 to $69,9994%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9995%
$100,000 and over31%
$100,000 to $124,9999%
$125,000 to $149,9999%
$150,000 to $199,9999%
$200,000 and over5%

Percentages are of the 275 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.

$549,980 · minimum here is $549,980
$12,175.96per month
Borrowed before insurance$2,199,920
Total borrowed$2,199,920
Interest over 25 years at 4.5%$1,452,869

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.

-$8,392.96per month out of pocket
Rent$4,583.00
Everything it costs to hold$12,975.96
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 Tri-County Realty Inc Brokerage. Listing data provided by the Toronto Regional Real Estate Board.