Homula Realty Brokerage
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358 Gravel Drive, Greater Sudbury, ON P3P 1H5

Sale Of Business
$12,000,000

The Best- The Largest Mobile Home - Year Round Park in Northern Ontario ! We Welcome you to Pine Grove - A tight knit community of single-family mobiles nestled in Hanmer where what's attainable and what's aspirational come together beautifully. Pine Grove Park is located in a community just outside Sudbury known as Hanmer, Ontario .\Why punch a clock?? Enjoy freedom to fully enjoy life, your family, and your land! Attaining financial freedom becomes a peaceful "State of Mind" - Owning this great park will help pursue that peace & harmony! This is a wakeup call to take charge of your destiny! Enjoy your work life - Balanced with Your Investment , Family & Your Land! Great family opportunity & future development ! Pine Grove MOBILE HOME PARK is a beautiful, site currently corporately owned though locally managed . The Park is an ideal setting for empty nesters heading toward retirement, or those already retired, who want the relaxation and space of year round country living while still benefiting from City amenities. Pine Grove represents a stabilized land-lease community - We often call the Park the 50 Plus Club since that is where most residents are! We are listed among Canada's most self sufficient finest four season Parks. Pine Grove is a Mobile Home Park with running leases for the tenants which increase yearly with the government regulated increases recently 2.5% & with the City mobile tax rate !! The monthly fee is per pad, per Tenant at the agreed upon rate with extras being the septic pump out cost added on once every ever two years or when it is pumped out plus the monthly water fee added on & charged back monthly. Tenants pay their own gas usage , hydro usage , water fee and any internet use - they are individually metered. The leases run continuously once the original lease is signed - Maybe can run for your Lifetime ! Really! See my website for further information.

MLS number
X13781450
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P3P 1H5
Photos
29
Property tax
$150,059 / year
1days · 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.

$2,400,000 · minimum here is $2,400,000
$53,133.40per month
Borrowed before insurance$9,600,000
Total borrowed$9,600,000
Interest over 25 years at 4.5%$6,340,021

If you rented it out

-$65,638.32per month out of pocket
Rent$0.00
Everything it costs to hold$65,638.32
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 Narozanski North Realty Inc. Listing data provided by the Toronto Regional Real Estate Board.