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Investment signal

$3,980,000

2691 CANAAN ROAD

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Year

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Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Clarence-Rockland. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

*** Visit the REALTOR website for further information about this Listing *** 96.18 Acres with A unique 2-storey farmhouse built in 1875 with 1,904 sq.ft. of finished living space features spacious kitchen, family room, 3 bedrooms and 2 3-piece bathrooms. Stunning views of the farmland with 2 forests, creek and forest hills beyond property lines. Currently the farmland is being rented. The property will be sold as is with residence including main house appliances (fridge, stove, dishwasher, microwave/hood fan, freezer, washer/dryer) and farmland with all heavy equipment and power tools. Property is located at the edge of rural development 30 minutes east of Ottawa, 10 min. to Rockland, 15 min. to Orleans, 5 min. to driving range. Currently zoned as Agricultural. Should the buyer choose to inquire/apply with the municipality regarding re-zoning or permits, the fees will be the responsibility of the buyer. Excellent investment opportunity! (id:65958)

Subtype: Single Family
Structure: House
Community: 607 - Clarence/Rockland Twp
Common interest: Freehold
Lot dimensions: 2030 x 2180 FT ; 0
Bedrooms: 3 above grade, 0 below grade
Parking: 10 total
Stories: 2
Fireplace: 1
On market: Aug 4, 2024
Status changed: Apr 24, 2026
Annual tax: $4,356
Zoning: AGRICULTURE
Photos: 24
MLS#: X9516577
Area: CLARENCE-ROCKLAND

Features and systems

Parking

Detached Garage

Basement

Partially finishedCrawl space

Appliances

WasherRefrigeratorDishwasherStoveOvenDryerMicrowaveFreezerHood FanWater Heater

Heating

Forced airPropane

Cooling

None

Exterior

Vinyl siding

Foundation

Stone

Community

School Bus

Negative cash flow ~$4,107/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.19%

Cap rate

3.63%

GRM

16.7

Break-even rent

$24,223

Financing

Down payment$796,000

Loan amount$3,184,000

Mortgage$16,133/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,824

Insurance$80

Maintenance$3,317

CapEx reserve$1,658

Vacancy loss$995

Estimates 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.

Mortgage estimate

Estimated $16,133/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.