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Investment signal

$695,000

466 LINE 2 LINE

Beds

Baths

Sqft

Year

About this home

Build your dream home AND your dream shop! 5.9 acres being offered for sale with a section of the property zoned IR allowing for flexibility in building a small service shop or light industrial uses along side your dream home. All development charges, fees etch. are the responsibility of the buyer. Natural gas easement runs through the side of the property. Note: newly formed land boundaries for this property and taxes are roughly $2,800 per year. Seller will consider VTB with strong down payment and will consider investment property trade/exchange. (id:65958)

Subtype
Vacant Land
MLS#
S12989594
Area
ORO-MEDONTE
Negative cash flow ~$1,377/mo at these assumptions

Cash on cash

-11.89%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,925

Financing

Down payment$139,000
Loan amount$556,000
Mortgage$3,411/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$319
Insurance$80
Maintenance$579
CapEx reserve$290
Vacancy loss$174

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.

Mortgage estimate

Estimated $3,411/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 13, 2026.

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