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0 Mitchell Road, Belleville, ON K8N 4Z6

Vacant Land
$449,900
Property tax
$1,667 / year

Attention Developers And Investors Only Minutes To Belleville Urban Area. Description 24.828 Acres Of Flat Land With 1344' Road Frontage On Mitchell Rd & 549.83 Frontage On Airport Pkwy. The Area Is A Combination Of Accessory Farms Use, PA Use Residential, Estate Residential Use, Hamlets, Future Proposed Hwy 401 Corridor Off The Central Expressway Between Toronto And Montreal With Ottawa Only 3 Hours On Hwy 401 W And Only 1.5 Miles To Industrial Park To The West. Extras: The Entire Landholding Has Been Herbicide / Pesticide-Free. Severances Granted Had Wells Drilled Over 14 GPM With Sufficient Quantity And Quality Of Water To Meet.

MLS number
X13642364
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K8N 4Z6
Photos
22
Laundry
Not in the unit
40days · 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 5 times.

Sale history is for registered usersSee what this address sold for and when, across all 5 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

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 666 people.

$101,000Median household income
89.4%Own their home
95.7%Detached houses
42.8Median age
7.8%Born outside Canada
11.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120381 — the few blocks around this address, home to 666 people. It describes the area, not this property.

666Population
41.3Average age
2.9Household size
$95,000Average household income
$101,000Median household income
89%Own their home
11%Rent
4%Condominiums
8%Born outside Canada
12%University degree
$528,000Average home value
5%Low income
58%Not in the labour force
22%Never married
$35,000 to $39,9993%
$40,000 to $44,9994%
$50,000 to $59,9993%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over36%
$100,000 to $124,99915%
$125,000 to $149,9997%
$150,000 to $199,9997%
$200,000 and over6%

Percentages are of the 335 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.

$89,980 · minimum here is $22,495
$1,992.06per month
Borrowed before insurance$359,920
Total borrowed$359,920
Interest over 25 years at 4.5%$237,698

If you rented it out

-$2,130.98per month out of pocket
Rent$0.00
Everything it costs to hold$2,130.98
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 SAM MCDADI REAL ESTATE INC.. Listing data provided by the Toronto Regional Real Estate Board.