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.
9 acre hobby farm with 3+1 bedroom bungalow, 3 km east of Lucknow. Includes a 40'x70' in-floor heated shop and small barn. 8 acres rolling pasture with spring fed pond and stream crossing property. Built in 1989, home has a 10'x14' covered front porch and a small deck off the master bedroom. Main level features an open concept with three bedrooms, eat in kitchen, closet laundry and a four-piece bath. Flooring is wood throughout the main level. Lower level has a fourth bedroom, family room, games room, wet bar/mini fridge, three-piece bath and utility room. No expense was spared in the shop which has one14'x16' roll up door and two 10'x10' doors, air compressor and a 12,000 lb hoist. Heating is provided by a propane boiler. There is a lower utility room with sink and upper office and storage area. The older barn is approx. 16'x24'with 16'x30' lean. Zoning is AG4 which allows animal units as well as a home business. The septic bed was replaced in 2021. Property is serviced a drilled well, fibre optics, 200 amp hydro service to the house and 100 amp to the shop. There is an apple orchard in the north-west corner of the property as well apple, plum and pear trees around the dwelling. Bonus tree house in the front yard. If you are looking for a place for your kids to roam or have a small business, this 'move in ready' property might fit the bill.
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Estimated Rental Income
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Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,729/mo
Mortgage (principal + interest)$3,366
Property taxFrom listing: $4,353/yr$363
Minimum $64,990 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$179,980
Ontario land transfer taxProvincial brackets, no first-time refund$14,473
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$197,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Huron-Kinloss 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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