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.

Address withheld at the seller’s request

Vacant Land
$749,923
Property tax
$968 / year

Discover a rare opportunity to own over 400 acres of pristine wilderness bordering 200 acres of Crown land in the heart of North Frontenac. This remarkable property offers outstanding privacy, recreation, investment potential, and natural beauty. The property includes most of the North shoreline of Watsons Lake and offers limited direct access to Struthers Lake through the adjoining Crown land. With approximately 2,435 feet of frontage on Highway 509, utilities available at the road. Three township-approved entrances. The property is well suited for a wide range of future uses. Comprised of five individual parcels. The property offers excellent severance potential, creating opportunities for development or increased resale value. Whether you're looking to build a private estate, Establish a hunting or recreational retreat, harvest timber, or develop an eco-tourism business, The possibilities are endless. ATV trails throughout. Natural cave and impressive rock arch with a Scenic lookout. Abundant wildlife including deer, moose, grouse, wild turkey and black bear. Ideal for hunting, hiking, atving, snowmobiling, and outdoor recreation. Prime location just 3 km from the Palmerston Lake public beach and boat launch. This property is centrally located among numerous lakes and surrounded by an extensive network of ATV and snowmobile trails. Nearby amenities include a marina, hardware store, LCBO, restaurant, grocery store, and gas station. Centrally located between Ottawa and Toronto.

MLS number
X13638426
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
Withheld
Photos
12
Laundry
Not in the unit
38days · 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

The seller withheld the addressNo map, nearby schools or school boundaries are shown, because all of them would reveal roughly where the property is.

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.

$149,985 · minimum here is $49,992
$3,320.49per month
Borrowed before insurance$599,938
Total borrowed$599,938
Interest over 25 years at 4.5%$396,210

If you rented it out

-$3,401.16per month out of pocket
Rent$0.00
Everything it costs to hold$3,401.16
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 TEAM REALTY. Listing data provided by the Toronto Regional Real Estate Board.