Homula Realty Brokerage
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109772 Highway 7, Tweed, ON K0K 3J0

Land
$179,900

Prime commercial opportunity on high-traffic Highway 7! Set on approximately 1.8 acres, this versatile property offers excellent visibility, easy accessibility with two entrances, and plenty of open space for parking, development, or future expansion. Formerly home to a popular chip truck, the site is already equipped with valuable infrastructure, including a drilled well, two septic systems, new 200-amp service in a lockable enclosure, and underground wiring.Explore a wide range of potential uses, such as a food service business, retail outlet, automotive sales lot, electric vehicle charging station, equipment or recreational vehicle sales, contractor yard, roadside market, or other highway commercial venture. With constant traffic flow and room to adapt the property to suit your plans, this well-positioned site offers an exciting opportunity in a growing corridor. Bring your vision and take advantage of the possibilities! VTB is an option on OAC.

MLS number
X13646928
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
K0K 3J0
Photos
6
Property tax
$1,278 / year
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

Where this address sits, matched against open government data.

Matched to a published address point for this address.

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 467 people.

$66,500Median household income
88.9%Own their home
97.4%Detached houses
52.4Median age
5.6%Born outside Canada
16.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120397 — the few blocks around this address, home to 467 people. It describes the area, not this property.

467Population
46.4Average age
2.4Household size
$90,000Average household income
$66,500Median household income
89%Own their home
11%Rent
0%Condominiums
6%Born outside Canada
17%University degree
$420,000Average home value
13%Low income
95%Not in the labour force
21%Never married
$15,000 to $19,9992%
$20,000 to $24,9992%
$25,000 to $29,9994%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,99910%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9996%
$100,000 and over21%
$100,000 to $124,9998%
$125,000 to $149,9994%
$150,000 to $199,9994%
$200,000 and over4%

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.

$35,980 · minimum here is $8,995
$796.56per month
Borrowed before insurance$143,920
Total borrowed$143,920
Interest over 25 years at 4.5%$95,047

If you rented it out

-$903.06per month out of pocket
Rent$0.00
Everything it costs to hold$903.06
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 Proalliance Realty. Listing data provided by the Toronto Regional Real Estate Board.