159087 Highway 10 Road, Melancthon - Single Family for Sale
159087 Highway 10 Road, Melancthon, Ontario, L9V2G3
3 beds1 bath3 parking122 × 91 ft (11,142 sq ft) lot sizeListed 90 days ago
Overview
This 3-bedroom, 1-bathroom home in Melancthon is for sale. Its $999,999 asking price sits right in line with the $995,000 median in Melancthon.
Description
Country living with future upside! Rare acreage property on Hwy 10 offering privacy, space, and incredible long-term potential just minutes from the booming growth of Dundalk. Walk to Tim Hortons, Foodland, McDonald's, and other town amenities while enjoying the feel of cottage living every single day. "Don't wait to buy land... buy land and wait." (id:66096)
Property Details
- MLS®
- X13643564
- Property Type
- Single Family
- Bedrooms
- 3
- Beds (above / below)
- 3 above · 0 below
- Bathrooms
- 1
- Parking
- 3
- Lot Size
- 122 × 91 ft (11,142 sq ft)
- Frontage
- 121 ft
- Storeys
- 1
- Style
- Bungalow
- Basement
- Full
- Heating
- Natural gas, Other
- Cooling
- None
- Garage
- Attached Garage, Garage
- Fireplace
- Yes
- Ownership
- Freehold
- Listed
- 90 days ago
Features
- Foundation
- Concrete
- Exterior
- Brick
Services
- Sewer
- Septic System
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
90d
Melancthon listings, avg age
92d
List price
$1000K
Long Listed: 90 days on market, against an average age of 92 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 80 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 90.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
Haho
This 3-bed single family in Melancthon has been listed for 90 days, which is 2 days fresher than the city average of 92. Act while there is still low competition.
Listed by CAPTAIN REAL ESTATE GROUP LTD. · RAJINDER MINHAS-BAL
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L9V)
This home lists at $999,999, about 9.5× the local median household income of $105,000.
Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 86% above the area median.
- Median household income
- $105,000
- Population
- 17,750
- Median age
- 40
- Owner / renter
- 86% / 14%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA L9V)
$999,999
For saleBook a showing
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Full Cost Breakdown
Loading rates, 30-yr amortization
Down Payment7.50% · $74,999.90
Min 7.50%50%
Mortgage payment$5,128/mo
↳ CMHC premium ($37,000 capitalized)
Est. property tax$0/mo
Total monthly$5,128
Cash Needed to Close
Down payment (7.50%)$75,000
Land transfer tax$16,475
Est. closing costs$5,500
Total cash needed$96,975
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
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Investment analysis
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$999,999
Melancthon