Homula Realty Brokerage
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267 Main Street S, Norfolk, ON N0J 1E0

Land
$500,000

Priced to sell! Ideally located in the heart of Courtland, just off the Main Street on Jane Street, this 2.6-acre residential property is being offered under Power of Sale. The property presents an opportunity to build a new home or explore the potential for future development into multiple residential building lots, subject to all required municipal approvals. Enjoy the convenience of village living with a local restaurant, bakery, gas station, and convenience store nearby, while Tillsonburg and its many amenities are only minutes away. With its generous lot size and convenient location, easy access, this property offers a variety of possibilities for a buyer looking to invest, build, or explore future development potential.

MLS number
X13714466
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
N0J 1E0
Photos
4
Property tax
$2,270 / year
20days · 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

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.

$100,000 · minimum here is $25,000
$2,213.89per month
Borrowed before insurance$400,000
Total borrowed$400,000
Interest over 25 years at 4.5%$264,168

If you rented it out

-$2,403.06per month out of pocket
Rent$0.00
Everything it costs to hold$2,403.06
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 a-b Realty Ltd Brokerage. Listing data provided by the Toronto Regional Real Estate Board.