Homula Realty Brokerage
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3952 Loop Road, Highlands East, ON K0L 1X0

3 beds · 2 baths · 1 kitchen · 9 rooms · 12 parking spaces · 1100-1500 sq ft · Laundry on the main level level · Detached
$989,900
Property tax
$6,279 / year

Harcourt - LIVE. WORK. INVEST. PLAY. Rarely does a property offer this much flexibility & opportunity. This exceptional multi-use property on 60 acres combines comfortable country living, substantial commercial space, income potential & endless recreational possibilities. The well-maintained 3 bedroom bungalow offers comfortable one-level living with numerous recent upgrades. Inviting kitchen features an attached pantry, the spacious living room offers flexibility for a dining area or home office. Main-floor laundry& two bathrooms add convenience. The fully insulated basement awaits your finishing touches. A covered front porch & rear deck provide inviting spaces to relax & enjoy the private setting. Home is economical to heat with a newer propane furnace & basement wood stove. The attached double garage features a floor-to-ceiling screen door, offering excellent ventilation & flexibility for seasonal use .For the entrepreneur or investor, the approximately 6,000 sq. ft. commercial garage & warehouse space is currently home to a successful operational automotive shop, providing immediate rental income. Retain the existing tenant or utilize the space for your own business. A natural berm separates the commercial& residential areas, while separate driveways-including a circular driveway at the home provide convenient access & added privacy. With 60 acres to explore, there is plenty of potential to create your own private trail system for ATVs, side-by-sides, snowmobiles, hiking & more. ATV & snowmobile trail access is also conveniently located just across the road. Whether you choose to live here & operate a business, collect rental income, create a private recreational retreat or simply enjoy acres of space & privacy, this property offers possibilities rarely found in one package. Live. Work. Earn. Play. The possibilities are yours to explore. LIVE. WORK. INVEST. PLAY. SEE DOCUMENTS FOR ZONING INFORMATION AND RECENT UPDRADES

MLS number
X13687588
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
K0L 1X0
Photos
47
Laundry
Main Level level
26days · 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 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 property 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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$197,980 · minimum here is $73,990
$4,383.06per month
Borrowed before insurance$791,920
Total borrowed$791,920
Interest over 25 years at 4.5%$522,999

If you rented it out

-$4,906.31per month out of pocket
Rent$0.00
Everything it costs to hold$4,906.31
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 RE/MAX COUNTRY CLASSICS LTD.. Listing data provided by the Toronto Regional Real Estate Board.