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.
SUBJECT TO SEVERANCE. Part of three remediated gravel pit parcels are available for sale in Thames Centre, located 10 km from the London Airport and 3 km west of Thamesford. The Official Plan designation of Agricultural supports future agricultural use and the potential for a rural residence. The site offers 1047 ft of frontage on Elgin Road and approximately 48 acres of water, 20 acres of bush and 25 acres of AG land. Buildable areas are found along the western boundary on Elgin Road and in the southeast section of the property. Access in on Elgin Road. This property provides an exceptional opportunity to create a residential waterfront retreat with wooded areas for recreation and land for agricultural use. Exact acreage to be verified once severance and survey is complete . Sale includes the following lots : Firstly, (PART OF) 32 ELGIN ROAD PART LOT 14, CONCESSION 1 NRT; DESIGNATED PARTS 1 & 2, MRD77; S/E PART 2, 33R-4267; NORTH DORCHESTER TWP being PIN 08170-005. Secondly, (PART OF) 6087 DUNDAS ST PT LT 15, CON 1 NRT AS IN 297623 SAVE AND EXCEPT PT 2, PL 33R-1271; NORTH DORCHESTER TOWNSHIP being PIN 08170-0050. Thirdly (PART OF) 6105 DUNDAS ST PART LOT 15, CONCESSION 1 NRT AS IN 813260; SUBJECT TO 813260 NORTH DORCHESTER TWP being PIN 08170-0016
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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$5,490/mo
Mortgage (principal + interest)$5,219
Property taxFrom listing: $3,262/yr$272
Minimum $114,500 down for this price; the slider moves in whole percent, starting at 9%. 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$279,000
Ontario land transfer taxProvincial brackets, no first-time refund$24,375
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$306,175
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Thames Centre 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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
