Homula Realty Brokerage
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7338 Coyne Road, Dutton/Dunwich, ON N0L 2M0

3 beds · 1 bath · 1 kitchen · 5 rooms · 4 parking spaces · 700-1100 sq ft · Detached
$454,900
Property tax
$2,402 / year

A cozy cabin perched at the top of a hill, a winding road leading you home through an ever changing canope-the kind of place that makes you slow down and breathe a little deeper. Welcome to 7338 Coyne Road in Wallacetown, a charming, fully winterized four-season retreat nestled on a private, beautifully landscaped quarter-acre double lot near the north shore of Lake Erie. Tucked away in a quiet neighborhood with a relaxed beach-town feel, this turn-key home backs onto a serene treed ravine offering privacy, nature, and seasonal winter water views. Almost completely rebuilt from the foundation up in 2004-including windows, doors, kitchen, drywall, plumbing, electrical, insulation, and siding-the layout features three spacious upper-level bedrooms (two with lofts) and a full bathroom, while the light-filled main level offers an open family room and kitchen anchored by a cozy fireplace. Offered fully furnished and equipped, this property seamlessly blends modern mechanical updates-such as a septic system (pump chamber & weeping bed, 2014), tankless on-demand water heater (2022), new well pump (2014), whole-house air exchanger, main-level window upgrades, direct BBQ propane hookup, and backup generator wiring-with access to municipal water and high-speed Fibre internet at the road. Located just minutes from the Port Glasgow marina and beaches, this exceptional property is completely move-in ready, whether you are seeking a weekend recreational escape or a tranquil year-round residence.

MLS number
X13630992
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
N0L 2M0
Photos
47
39days · this listing
39days · 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 518 people.

$98,000Median household income
85.7%Own their home
97.5%Detached houses
47.2Median age
8.3%Born outside Canada
9.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35340205 — the few blocks around this address, home to 518 people. It describes the area, not this property.

518Population
43.4Average age
2.6Household size
$99,000Average household income
$98,000Median household income
86%Own their home
14%Rent
0%Condominiums
8%Born outside Canada
10%University degree
$520,000Average home value
8%Low income
67%Not in the labour force
21%Never married
Under $5,0003%
$20,000 to $24,9993%
$30,000 to $34,9993%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9992%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9997%
$90,000 to $99,9995%
$100,000 and over33%
$100,000 to $124,99910%
$125,000 to $149,9997%
$150,000 to $199,99910%
$200,000 and over5%

Percentages are of the 300 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.

$90,980 · minimum here is $22,745
$2,014.20per month
Borrowed before insurance$363,920
Total borrowed$363,920
Interest over 25 years at 4.5%$240,340

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.

-$1,456.37per month out of pocket
Rent$758.00
Everything it costs to hold$2,214.37
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 THE REALTY FIRM INC.. Listing data provided by the Toronto Regional Real Estate Board.