Homula Realty Brokerage
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28 Island View Drive, North Algona Wilberforce, ON K0J 1X0

5 beds · 1 bath · 1 kitchen · 9 rooms · 3 parking spaces · 1100-1500 sq ft · Farm
$489,900
Property tax
$1,050 / year

History abounds here! From the soil that has sustained families from the 1800s until now.. to the barn boards that housed the livestock. This farm has been featured in several books that captured some of the farming techniques and the richness of life as it was. The house will need restoration and a revitalization of the square log would create a stunning showpiece of a home. The outbuildings have lots of life left in them and are (except for one) in very decent shape. Fields surround the home and barns and across the road is Golden Lake with an unopened concession that offers an opportunity to catch your supper from there. Seller's would consider holding financing. Come enjoy life in the valley.

MLS number
X13669340
Type
Farm
Status
Active
Bedrooms
5
Bathrooms
1
Postal code
K0J 1X0
Photos
28
30days · this listing
319days · this property (2 listings)

This home has been listed 2 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

319 days on the market across 2 listings
This listing shows 30 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

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 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 664 people.

$77,000Median household income
92.6%Own their home
96.7%Detached houses
58.8Median age
9.8%Born outside Canada
15%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35470233 — the few blocks around this address, home to 664 people. It describes the area, not this property.

664Population
52.6Average age
2.1Household size
$90,800Average household income
$77,000Median household income
93%Own their home
7%Rent
0%Condominiums
10%Born outside Canada
15%University degree
$424,000Average home value
15%Low income
16%Never married
$15,000 to $19,9991%
$20,000 to $24,9994%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9996%
$50,000 to $59,9995%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9995%
$90,000 to $99,9996%
$100,000 and over25%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over4%

Percentages are of the 415 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.

$97,980 · minimum here is $24,495
$2,169.17per month
Borrowed before insurance$391,920
Total borrowed$391,920
Interest over 25 years at 4.5%$258,831

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.

-$1,439.67per month out of pocket
Rent$817.00
Everything it costs to hold$2,256.67
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 EXP REALTY. Listing data provided by the Toronto Regional Real Estate Board.