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.

827 Nipissing Road N, Magnetawan, ON P0A 1X0

1100-1500 sq ft · Vacant Land
$149,000

Fifty-five acres of forested land with the driveway already in. The real story here is the severance potential. The lot is already naturally divided by the road, and one residential lot was severed in the early 1990s. With some work and cooperation from the township, the potential to create three lots is there. Whether you want to keep the full 55 acres for yourself, sever and sell off parcels to offset your cost, or bring family onto adjacent lots, there are a lot of options with this property. The RU zoning is flexible. On the residential side, you're looking at detached homes, duplexes, semi-detached dwellings, or even a bed and breakfast. If you're more interested in working the land, farming, logging, riding schools, boarding stables, and kennels are all permitted. Hunt camps are also allowed. It's the kind of zoning that lets you do something with your property, not just sit on it. Fifty-five acres of bush with a driveway and the flexibility to build, sever, farm, or run a business from the land. If you've been looking for acreage with options, this one has them.

MLS number
X13628246
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P0A 1X0
Photos
6
Laundry
Not in the unit
42days · 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 451 people.

$64,500Median household income
100%Own their home
97.6%Detached houses
57.2Median age
2.1%Born outside Canada
13.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490185 — the few blocks around this address, home to 451 people. It describes the area, not this property.

451Population
50.5Average age
2.2Household size
$71,500Average household income
$64,500Median household income
100%Own their home
0%Rent
0%Condominiums
2%Born outside Canada
13%University degree
$468,000Average home value
15%Low income
100%Not in the labour force
19%Never married
Under $5,0002%
$20,000 to $24,9994%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9998%
$50,000 to $59,9998%
$60,000 to $69,9994%
$70,000 to $79,9998%
$80,000 to $89,9994%
$90,000 to $99,9996%
$100,000 and over21%
$100,000 to $124,9998%
$125,000 to $149,9996%
$150,000 to $199,9994%
$200,000 and over2%

Percentages are of the 240 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.

$29,800 · minimum here is $7,450
$659.74per month
Borrowed before insurance$119,200
Total borrowed$119,200
Interest over 25 years at 4.5%$78,722

If you rented it out

-$659.74per month out of pocket
Rent$0.00
Everything it costs to hold$659.74
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 Lakes Of Muskoka Realty. Listing data provided by the Toronto Regional Real Estate Board.