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.
The commercial potential of this property truly stands out. A large 60 x 65 ft detached garage/workshop is equipped with 400-amp service, two 14 ft high by 16 ft wide bay doors, and impressive 20 ft ceilings-ideal for accommodating heavy equipment, trucks, or machinery. The building is heated by an outdoor wood boiler system, providing a practical and cost-effective solution for year-round operations. A second driveway leads directly to the workshop area, where a spacious gravel yard offers ample room for trucks, trailers, and equipment. Additional outbuildings include a 28x32 storage building, a 30x32 coverall, and a 24x32 metal Quonset building on a concrete slab already plumbed for radiant in-floor heating (never connected), adding even more versatility for business or storage needs. From an agricultural perspective, the property features approximately 16 acres of workable fields alongside 20 acres of mixed bush, offering a balanced landscape for hobby farming, recreational use, or a perfect addition to an existing farm portfolio. A small fruit tree orchard adds charm and potential for personal use, while a 12 deep man-made pond enhances both the functionality and appeal of the land. The residential component offers a warm and inviting home with vaulted ceilings and exposed beams that create character and a cozy rural atmosphere. The open-concept kitchen, living, and dining area has been updated over the years for modern comfort. The main floor includes two bedrooms and a 4-piece bath, while the basement provides an additional finished room along with utility, storage, and furnace space. The home is equipped with a propane furnace, central air conditioning, and a 125-amp breaker panel for dependable, year-round living. This versatile property is ideally set up for those seeking to generate income, operate a business, or enjoy the independence of rural living-all in one well-equipped package.
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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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