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.

702 Letterkenny Road, Brudenell, Lyndoch and Raglan, ON K0J 2E0

10 parking spaces · Vacant Land
$224,900
Property tax
$1,011 / year

What if your weekend escape could someday become so much more? Set on 14.5 private acres at 702 Letterkenny Road, this unique property offers over 700 feet of road frontage, two driveways and an incredible combination of recreation, privacy and future potential. A newly added road winds around the perimeter of the property, providing a great way to explore and enjoy your own acreage throughout the seasons. At the heart of the property is a beautifully cleared, level grassy area surrounded by nature, complete with established apple trees and raspberry bushes. An original bunkie has been partially finished and features a 200-amp electrical service, with kitchen cabinetry ready to be installed-the perfect starting point while bringing your own vision to life. Also included is a 40-foot 2007 Skyline Layton trailer with a new roof covering and deck, offering additional space to enjoy the property right away. An existing dug well, outhouse and screened-in enclosure add to its current functionality. Whether you envision a private recreational retreat, future homestead or the setting for the home you've always wanted to build, there is plenty of room here to dream. Located near the rural community of Quadeville in an area known for its lakes, natural beauty and four-season outdoor lifestyle, with Gorman Lake and Kargus Lake close by. Spend your days exploring your own acreage, enjoying nearby lakes and embracing a quieter pace of life. Come for the weekends now-and imagine what you could create here for the future.

MLS number
X13723906
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K0J 2E0
Photos
41
14days · this listing
14days · 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

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 554 people.

$54,800Median household income
100%Own their home
96%Detached houses
55.6Median age
11.8%Born outside Canada
14%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35470299 — the few blocks around this address, home to 554 people. It describes the area, not this property.

554Population
49.5Average age
2.2Household size
$60,000Average household income
$54,800Median household income
100%Own their home
0%Rent
0%Condominiums
12%Born outside Canada
14%University degree
$320,000Average home value
24%Low income
20%Never married
Under $5,0002%
$10,000 to $14,9992%
$20,000 to $24,9997%
$25,000 to $29,9995%
$30,000 to $34,9993%
$35,000 to $39,9997%
$40,000 to $44,9995%
$45,000 to $49,9995%
$50,000 to $59,9997%
$60,000 to $69,9995%
$70,000 to $79,9997%
$80,000 to $89,9995%
$90,000 to $99,9993%
$100,000 and over19%
$100,000 to $124,9997%
$125,000 to $149,9995%
$150,000 to $199,9993%
$200,000 and over3%

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.

$44,980 · minimum here is $11,245
$995.81per month
Borrowed before insurance$179,920
Total borrowed$179,920
Interest over 25 years at 4.5%$118,823

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.

-$705.06per month out of pocket
Rent$375.00
Everything it costs to hold$1,080.06
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 Century 21 United Realty Inc.. Listing data provided by the Toronto Regional Real Estate Board.