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.

127 West Ridge Drive, Blue Mountains, ON N0H 2P0

Vacant Land
$899,000
Property tax
$1,990 / year

VACANT BUILDING LOT IN LORA BAY. PRICE REFLECTS LAND VALUE ONLY. A rare opportunity to build your dream home in the prestigious Lora Bay community. This generous 80ft x 186ft lot offers potential expansive bay views from your future home and is ideally located backing onto green space and just minutes from Georgian Bay, private ski and golf clubs, scenic trails, and the charming shops and restaurants of downtown Thornbury. The perfect setting for a four-season lifestyle.Experience everything Lora Bay has to offer: tee off on the renowned 18-hole championship golf course, spend summer days at one of the two private beaches, or connect with neighbours through a variety of social activities at the members-only clubhouse.Most development fees have been paid, with taxes to be assessed. A vendor take-back option is also available.Don't miss the chance to design and build your custom home in one of South Georgian Bay's most sought-after communities.HST is not applicable. Lora Bay monthly fee $105.63 (lowest in Lora Bay)

MLS number
X13683198
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
N0H 2P0
Photos
17
Laundry
Not in the unit
30days · 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.

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.

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 881 people.

$102,000Median household income
90%Own their home
83.8%Detached houses
61.6Median age
15.3%Born outside Canada
41.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35420234 — the few blocks around this address, home to 881 people. It describes the area, not this property.

881Population
54.5Average age
2.2Household size
$130,000Average household income
$102,000Median household income
90%Own their home
10%Rent
31%Condominiums
15%Born outside Canada
41%University degree
$1,216,000Average home value
5%Low income
87%Not in the labour force
14%Never married
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9996%
$60,000 to $69,9994%
$70,000 to $79,9993%
$80,000 to $89,9996%
$90,000 to $99,9993%
$100,000 and over35%
$100,000 to $124,9998%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over11%

Percentages are of the 590 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.

$179,800 · minimum here is $64,900
$3,980.58per month
Borrowed before insurance$719,200
Total borrowed$719,200
Interest over 25 years at 4.5%$474,973

If you rented it out

-$4,146.41per month out of pocket
Rent$0.00
Everything it costs to hold$4,146.41
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 Locations North. Listing data provided by the Toronto Regional Real Estate Board.