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.
A Rare Opportunity - 38.63 Acres of Endless Potential with Vendor Take-Back Financing Available! Discover the possibilities on this approximately 38.63-acre farm, offering approximately 30 workable acres currently rented at $400 per acre annually, providing immediate income potential. Surrounded by nature, this unique property features a beautiful freshwater trout stream and pond, creating a peaceful country setting just minutes from shopping, schools, banks, and churches. The property includes a 3-bedroom home with an in-ground kidney-shaped swimming pool, a 100 x60' pack barn, pole barn, 2-car detached garage, large workshop, two 200-foot greenhouses, and numerous independent storage units formerly used for tobacco drying. With fertile, productive soil suitable for a wide variety of crops, this property is ideal for farmers, hobby farmers, investors, or those seeking a country estate with income potential. A rare financing opportunity! The seller is willing to provide an attractive Vendor Take-Back (VTB) mortgage at a competitive interest rate, for a term of up to 4 years, subject to mutually agreed terms and buyer qualification. A true diamond in the rough-bring your vision and unlock this property's incredible potential!
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Owners vs Renters
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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$6,264/mo
Mortgage (principal + interest)$5,986
Property taxFrom listing: $3,342/yr$279
Minimum 20% ($320,000 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$320,000
Ontario land transfer taxProvincial brackets, no first-time refund$28,475
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$351,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Norfolk 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.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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