Homula Realty Brokerage
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445 Pine Pass, Centre Wellington, ON N1M 2W5

1 bed · 1 bath · 1 kitchen · 4 rooms · 2 parking spaces · < 700 sq ft · Modular Home
$287,500
Property tax
$49 / year

Welcome to this cozy year-round home in Maple Leaf Acres. This one-bedroom, one-bathroom mobile home is situated on a large corner lot. A covered deck runs the full length of the unit, has been professionally water sealed, and also offers potential to be enclosed for additional living space. The backyard space is semi-private and partially fenced. Large metal shed with solid foundation, ramp, and skylight. Electrical, and propane lines have been inspected by certified contractors. All water lines are new. Roof, most windows, door, toilet, eavestroughs, downspouts, and heat trace lines have been replaced in the last 3-4 years. Maple Leaf Acres offers many activities year-round and amenities such as an indoor pool, hot tub, recreation hall, outdoor pool, restaurant, playground, horseshoe pits, basketball nets, lakefront area with boat launch and dock, pond, multiple green spaces, garden plots, and so much more. Excellent opportunity for investors or those seeking supplemental income - this property can be used as a short-term rental, (subject to park rules and restrictions).

MLS number
X13629164
Type
Modular Home
Status
Active
Bedrooms
1
Bathrooms
1
Postal code
N1M 2W5
Photos
32
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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$57,500 · minimum here is $14,375
$1,272.99per month
Borrowed before insurance$230,000
Total borrowed$230,000
Interest over 25 years at 4.5%$151,896

If you rented it out

-$1,277.07per month out of pocket
Rent$0.00
Everything it costs to hold$1,277.07
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 REAL BROKER ONTARIO LTD.. Listing data provided by the Toronto Regional Real Estate Board.