Homula Realty Brokerage
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0 Kent Road, Armour, ON P0A 1Z0

4 parking spaces · Vacant Land
$134,000
Property tax
$370 / year

Escape to your own private outdoor retreat with this 25 plus acre parcel just between Burk's Falls and Sundridge. Tucked away in a peaceful natural setting and accessed via deeded private road, this property offers the ideal combination of privacy and recreation. With riverfront access on the mighty Magnetawan River the property is perfect for hunters, outdoor enthusiasts, or anyone looking for a quiet getaway where time can be spent away from the hustle and bustle of everyday life. Surrounded by nature, the property provides a comfortable home base for camping, hunting, hiking, ATVing, snowmobiling, and exploring the great outdoors. Public beaches on Pickerel Lake are within walking distance and the the private-road access adds to the secluded feel, while still providing a practical route to and from the property. Whether you're looking for a dedicated hunting camp, a weekend escape, or a place to unplug and enjoy the peace and quiet, this property offers an excellent opportunity to own your own piece of the outdoors.

MLS number
X13745136
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P0A 1Z0
Photos
8
9days · this listing
9days · 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

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.

Work out the numbers

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

$26,800 · minimum here is $6,700
$593.32per month
Borrowed before insurance$107,200
Total borrowed$107,200
Interest over 25 years at 4.5%$70,797

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.

-$401.16per month out of pocket
Rent$223.00
Everything it costs to hold$624.16
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.