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.
Lovely Farm / Home / Barns / multiple outbuildings / approximately 60 acres of Land, approximately 45 acres of that workable, balance in Maple Bush - approximately 250 taps. A very well kept and pretty farm. Currently owned by an Amish family the farm is run as a horse training facility, market garden & bakery. Pretty farmhouse has 6 + 1 bedrooms, huge kitchen dining room & equally as grand living/family room, main floor bedroom or for use of choice. Spacious walk in pantry, large entry area, bath/shower area and indoor woodshed. Upper level hosts roomy landing, library area, 6 bedrooms and a 4 pc bath which requires updating. Lowest level has plenty of cold storage for garden/farm produce. Horse training facility: 92x40 NEW BARN with 12 box stalls, hay/straw storage at one end & office area at the other. mile training track, fenced pasture land. Bank barn with additional box stalls, standing stalls, cow stalls, area for hens. 60x34 drive shed with workshop, large greenhouse, big market garden areas, approx 550 strawberry plants in ground, multiple rhubarb patches, approx 10 apple trees, custom road side stand to sell produce by an easy access service road that runs the length of the farm alongside the main road - extremely easy sales set up, VERY SUCCESSFUL SALES with repeat clientele. 26x24 bake shop, ice house, bonus portable building currently used for storage. Whether you choose to continue with public sales or homestead for yourself this farm is all set up ready to go! Conveniently located between Belleville and Madoc on a commuter route. Farm would lend itself to raise animals of choice or use outbuildings for use of choice. With 2 road frontages there is the possibility of severance off of Ray Road. (Farm/home is set up for Amish living so there is currently no electricity and limited plumbing). (some items/negotiable). Approximately 20 minutes to Belleville & 401, approximately 15 minutes to Madoc.
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Estimated Rental Income
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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$3,559/mo
Mortgage (principal + interest)$3,176
Property taxFrom listing: $4,600/yr$383
Minimum $59,900 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. 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$169,800
Ontario land transfer taxProvincial brackets, no first-time refund$13,455
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$186,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Centre Hastings 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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