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Investment signal

$475,000

383 CHASE ROAD

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Location

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About this home

Start your own vineyard or build your dream homestead! Just over ONE kilometer to Closson Road, and some of the most prestigious wineries and breweries in Prince Edward County, you will find a picturesque 41-acre parcel of land to build your dream. Boasting a harmonious blend of open fields and protected forest, this property offers the perfect canvas for your dream home or investment opportunity. Providing endless opportunity for outdoor recreation and exploration, this land is currently partially farmed. The zoning allows for many uses, including agricultural endeavors, small business, and residential use. With Prince Edward County immerging as a sought-after destination for both residents and tourists alike, this property represents a lucrative investment opportunity in one of Ontario's most desirable regions. Immerse yourself in the beauty of nature and the culture of Prince Edward County. (id:65958)

Subtype: Vacant Land
Community: Hillier Ward
Lot dimensions: 1450 x 1269 FT ; cut out for neighbour's house /frontage
On market: Mar 6, 2025
Status changed: Apr 16, 2026
Annual tax: $796.04
Zoning: RU2 and EP
Photos: 9
MLS#: X12005144
Area: PRINCE_EDWARD_COUNTY_(HILLIER_WARD)

Features and systems

Parking

No Garage

Lot

Level lotWooded areaIrregular lot sizePartially clearedConservation/green belt

Utilities

Electricity

Negative cash flow ~$943/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.91%

Cap rate

3.51%

GRM

16.5

Break-even rent

$3,392

Financing

Down payment$95,000

Loan amount$380,000

Mortgage$2,331/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$218

Insurance$80

Maintenance$396

CapEx reserve$198

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $2,331/mo at 5.49% with 20% down, 25-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 16, 2026.