Homula Realty Brokerage
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3208-3214 Pigram Line, South-West Oxford, ON N0J 1W0

Farm
$1,998,000

Set on 5.1 acres in Salford, this unique property with two homes offers an exceptional combination of country living, versatility, and income potential. With two fully independent residences, an impressive multi-bay shop complex, and excellent access to Highway 401, this is a rare opportunity for multi-generational families, investors, business owners, or those simply looking for additional space. The main residence is a spacious 4-level side-split featuring five bedrooms-three on the upper level and two on the lower level-two full bathrooms, generous living areas, and plenty of storage. Major updates include a new furnace, central air conditioning, windows, roof, and a beautifully designed outdoor entertaining area. The kitchen is fully functional while offering an excellent opportunity for the next owner to add their own style and value. The second residence is a three-bedroom bungalow with 1.5 bathrooms and an attached garage. Currently vacant, it provides immediate flexibility for extended family, rental income, guest accommodations, or employee housing. This home has also benefited from updates including a roof and furnace. Both homes are completely independent, each with its own hydro service, natural gas, private well, and septic system, providing privacy and convenience for both households. Adding to the property's versatility is the impressive multi-bay shop complex, offering heated and insulated workspace, additional storage bays, office space, washroom facilities, and extensive paved parking with room for transport trucks, equipment, trailers, or recreational vehicles. Situated on 5.1 level acres backing onto mature trees and conveniently located near Ingersoll, Putnam, London, and Highway 401, this A1-zoned property offers a combination of residential, investment, and workspace potential and also severance opportunity of the secondary home.

MLS number
X13768870
Type
Farm
Status
Active
Bedrooms
7
Bathrooms
1
Postal code
N0J 1W0
Photos
37
Property tax
$8,669 / year
4days · 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 5 times.

Sale history is for registered usersSee what this address sold for and when, across all 5 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

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 470 people.

$93,000Median household income
95.7%Own their home
96.4%Detached houses
32Median age
9.3%Born outside Canada
7.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390877 — the few blocks around this address, home to 470 people. It describes the area, not this property.

470Population
35.2Average age
3.4Household size
$92,000Average household income
$93,000Median household income
96%Own their home
4%Rent
0%Condominiums
9%Born outside Canada
8%University degree
$720,000Average home value
22%Low income
50%Not in the labour force
21%Never married
$15,000 to $19,9993%
$30,000 to $34,9993%
$50,000 to $59,9993%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9996%
$90,000 to $99,9999%
$100,000 and over36%
$100,000 to $124,99912%
$125,000 to $149,9996%
$150,000 to $199,9999%
$200,000 and over6%

Percentages are of the 165 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.

$399,600 · minimum here is $399,600
$8,846.71per month
Borrowed before insurance$1,598,400
Total borrowed$1,598,400
Interest over 25 years at 4.5%$1,055,614

If you rented it out

-$9,569.13per month out of pocket
Rent$0.00
Everything it costs to hold$9,569.13
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.