The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
15.075-acre prime development site SLATED FOR A SUBDIVISION in the north end of the Town of St. Marys. Ideally situated near the river, parks, walking trails, and local amenities and nestled in amongst similar residential properties.This centrally located site is approximately 40 minutes from London, and 20 minutes from Stratford, 50 minutes from Kitchener, offering strong appeal for development. As designated in the Perth County Official Plan, the property is slated for residential development and is currently awaiting the developers draft plan submission. Two previous concept plans indicate potential for (#1) a 76 lot estate subdivision ( 45 ft to 65 ft wide lots) similar to the abutting area to the east as well (#2) a 150+ bungalow townhome plan within a condominium corporation. Or maybe something in between? Don's miss this highly attractive, development opportunity in a growing and desirable community. Note this listing includes 2 parcels of land , with 2 PINS. Call today for more details.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$15,977/mo
Mortgage (principal + interest)$15,899
Property taxFrom listing: $938/yr$78
Minimum 20% ($850,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$850,000
Ontario land transfer taxProvincial brackets, no first-time refund$92,725
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$945,525
First-time buyers can get up to $4,000 back on Ontario land transfer tax. St. Marys has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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