Homula Realty Brokerage
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7401 County Road 21 Road, Augusta, ON K0G 1R0

Vacant Land
$250,000
Property tax
$540 / year

WOW! THIS IS THE ONE!! The perfect lot to build your custom dream home...or SUBDIVIDE INTO 3-5 LOTS. A STUNNING 12.559 ACRE BUILDING LOT. PRIME LOCATION just minutes from Hwy 416 and town of North Augusta. The lot is ready for the DESIGN/BUILD OF YOUR DREAM HOME. The SIMPLY MAJESTIC build location. It is PERFECT! Ideally located 25min to Brockville, 50min to Ottawa,. A rare opportunity for a lot this size. Flexible closing date available. A spectacular BACKDROP FOR YOUR DREAM HOME.

MLS number
X13672190
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K0G 1R0
Photos
14
29days · this listing
29days · 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

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

$50,000 · minimum here is $12,500
$1,106.95per month
Borrowed before insurance$200,000
Total borrowed$200,000
Interest over 25 years at 4.5%$132,084

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.

-$734.95per month out of pocket
Rent$417.00
Everything it costs to hold$1,151.95
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 PAUL RUSHFORTH REAL ESTATE INC.. Listing data provided by the Toronto Regional Real Estate Board.