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24518 MCCOWAN ROAD
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Beds
5
Baths
3
Sqft
—
Year
—
Type
Single Family
On market
70d
Set on a spectacular 50 acres in Georgina, 24518 McCowan Rd is a move in ready peaceful country estate offering a rare blend of lifestyle, function and future potential. Ideal for aviation, automotive, entrepreneurs, hobbiest and equestrian enthusiasts, this unique property is just 10 minutes to Hwy 404 and approximately 1 hour to Toronto.The raised bungalow offers 3+2 bedrooms and 2 bathrooms + 1 rough-in. The stately dining room is ideal for holiday gatherings and entertaining, overlooking the bright sunken great room with vaulted ceilings, expansive windows and a propane fireplace. Natural light pours in while framing breathtaking views of the surrounding acreage.The eat-in kitchen with island walks out to an enclosed sunroom or to the patio with BBQ and water hookup, ready for your outdoor kitchen. The separate entrance basement is partially finished with rough-in kitchen and bath, offering excellent potential for a multigenerational home, in-law suite or added living space.Exceptional outbuildings include a 40' x 50' heated Quonset/ airplane hangar, 2,965 ft approx. private grass airstrip or usable land and a 2.5 storey barn with hydro, water, 3 pc bath, tack room, office and 4 stalls. Upper level offers workshop, storage or future entertainment or living space, subject to township approval. Three fenced paddocks support equestrian or livestock use.The property permits an additional dwelling unit, subject to all applicable approvals and requirements from the township, presenting a rare opportunity to build a secondary home or expand the estate's living potential.Additional features include 3 driveways, including one designed for heavy vehicles or RVs, 2 double car garages, ample parking, freshly sealed driveway (Aug 2024) and a private pickleball court.A truly rare offering combining lifestyle, land and long-term potential. Watch video for more details. BOOK A SHOWING TODAY, THIS IS THE ONE! (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Great room | 7.11 × 5.91 meters |
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom 4 | 3.65 × 3.95 meters | |
| Bedroom 5 | 6.49 × 4.34 meters |
Ground level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 6.4 × 4.05 meters | |
| Kitchen | 5.91 × 7.11 meters | |
| Primary Bedroom | 5.94 × 4.62 meters | |
| Bedroom 2 | 3.07 × 2.83 meters | |
| Bedroom 3 | 3.56 × 2.74 meters |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.60%
Cap rate
4.74%
GRM
13.9
Break-even rent
$12,821
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Georgina (Belhaven). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.