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.
Welcome to this exceptional rural property offering just under 50 acres of opportunity for those looking to live and work from their own land. With approximately 20 acres of bush and 16 acres of usable fields, this property is well-suited for hobby farming, or anyone seeking space to grow and operate independently. The home has Vaulted Ceilings and Exposed Beams giving it character, charm, and a cozy rural feel. With updates over the years that keep it modern and comfortable with open concept living/kitchen/dining, 2 bedrooms and a 4 piece bath on the main floor. The basement has an additional finished room and a utility/storage/furnace room. It is equipped with a propane furnace for efficient heating, central air conditioning for year-round comfort, and a 125-amp breaker panel. For those needing workspace, this property truly stands out. A large 60 x 65 ft detached garage/workshop is fully equipped with 400-amp service, two 14 ft high by 16 ft wide bay doors, and 20 ft ceilings-ideal for accommodating heavy equipment, trucks and machinery. The building is heated by an outdoor wood boiler system, offering a practical and cost-effective solution for year-round use. Additional outbuildings include a 28 x 32 storage building, a 30 x 32 coverall, and a 24 x 32 metal Quonset building on a concrete slab that is plumbed for radiant in-floor heating that has never been connected to a heat source. A second driveway leads directly to the workshop area, where a large gravel yard provides ample space for trucks, trailers, and equipment. The property also features a small man-made pond (approximately 12 ft deep) and a small fruit tree orchard, adding both character and potential for personal use. This property is ideally set up for those looking to generate income from their own land while enjoying the benefits of rural living.
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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$5,132/mo
Mortgage (principal + interest)$4,302
Property taxFrom listing: $9,962/yr$830
Minimum $90,000 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$230,000
Ontario land transfer taxProvincial brackets, no first-time refund$19,475
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$252,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. North Stormont 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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