Homula Realty Brokerage
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790 Garage Road F, Armour, ON P0A 1C0

4 parking spaces · Vacant Land
$479,000
Property tax
$800 / year

Gently sloping waterfront lot with sunset exposure on a medium sized lake. A great find for the angler in the family with Pickerel, Pike and Bass known to be in the lake The lake is large enough lake to take the kids tubing or waterskiing but small enough to enjoy relaxing days and quiet evenings on the dock with very little boat traffic. Travel down a picturesque and level private cottage road to your future dream home or cottage. Seven lots were originally offered in this exclusive development and three high end, year round homes are currently built in this area with a fourth home started this year. Site plan has been developed for this property as well as hydro brought close to the building site and a driveway installed since purchase. Multiple building sites available on the lot with amazing views of the lake. The lot is well treed for excellent privacy. This area is well known for year round outdoor activities including hiking and cross-country skiing with snowmobile and ATV trails close by. Imagine sitting on your deck at night and watching the sun go down and the stars peek out of the night ski with no light pollution. This is lakeside living at its finest.

MLS number
X13698560
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P0A 1C0
Photos
21
Laundry
Not in the unit
24days · 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.

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 518 people.

$69,500Median household income
88.4%Own their home
93.6%Detached houses
56.4Median age
7.1%Born outside Canada
16.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490174 — the few blocks around this address, home to 518 people. It describes the area, not this property.

518Population
49.1Average age
2.2Household size
$85,000Average household income
$69,500Median household income
88%Own their home
12%Rent
5%Condominiums
7%Born outside Canada
16%University degree
$600,000Average home value
18%Low income
87%Not in the labour force
15%Never married
$20,000 to $24,9997%
$25,000 to $29,9992%
$30,000 to $34,9993%
$35,000 to $39,9995%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9995%
$60,000 to $69,99910%
$70,000 to $79,9995%
$80,000 to $89,9995%
$90,000 to $99,9993%
$100,000 and over25%
$100,000 to $124,99910%
$125,000 to $149,9995%
$150,000 to $199,9992%
$200,000 and over5%

Percentages are of the 295 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.

$95,800 · minimum here is $23,950
$2,120.91per month
Borrowed before insurance$383,200
Total borrowed$383,200
Interest over 25 years at 4.5%$253,073

If you rented it out

-$2,187.58per month out of pocket
Rent$0.00
Everything it costs to hold$2,187.58
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 Lakes Of Muskoka Realty. Listing data provided by the Toronto Regional Real Estate Board.