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$2,850,000
Available - For Sale
Listing ID: X12045882
Beautiful 25 acres that is just a bit less than 1000 feet outside the City of London boundary on main artery -Gainsborough Road. This land is a beautiful combination of lawns, home, mature pines and young trees/woods and some cleared land. The house is a stately, old character, two storey heritage home with 2 detached garages. It is conveniently located on the north side of Gainsborough, between Hyde Park Road and Denfield Road. You will find a brick 2 storey, 4 bedroom, 2 bathroom, with finished family in lower level including big window, the 2nd bathroom and walk-out. On the main level is the former covered porch that has been professionally turned into warm bright all season sunroom. The heat is forced air gas. It is a heritage designated character home. Bonus: Two detached garages - 1 car and oversized 2.5 garage - 35 x 20 ft car garage. Estimate 6 -10 acres were in crops of a tenant. Almost 500 feet of frontage. Zoned A1 with various uses. Great location, when time is right, to create new home/hobby farm (stable, horses, gardens, etc with correct approvals of course); or other A1 uses; or plan your luxurious estate to fit in with the other multi-million estates in general area. Bonus! you are just minutes away from great golfing, Bellamer winery and event center, shopping in quaint part of Hyde Park or go a bit further to all the amenities of the Big Box Stores and City of London! A home with 25 acres of lawns, trees, and cleared land is a solid long-term investment, especially near the City of London boundary that is already eyeing some of its boundaries. This IS an opportunity. Some Interior photos decluttered digitally. Laundry is on 2nd level. Measurements are by camera software. Some of the property is under Conservation control/ protection, and/or heritage designation, etc. HST in addition to.
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $142,500 $285,000 $427,500 $570,000
First Mortgage $2,707,500 $2,565,000 $2,422,500 $2,280,000
CMHC/GE $74,456.25 $51,300 $42,393.75 $0
Total Financing $2,781,956.25 $2,616,300 $2,464,893.75 $2,280,000
Monthly P&I $11,914.9 $11,205.41 $10,556.95 $9,765.06
Expenses $0 $0 $0 $0
Total Payment $11,914.9 $11,205.41 $10,556.95 $9,765.06
Income Required $446,808.86 $420,202.88 $395,885.58 $366,189.87

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Peak Select Realty Inc

1511 Gainsborough Road , Middlesex Centre, N6H 5L2, Middlesex

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MD Ashraful Bari
Broker
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647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Middlesex
Municipality: Middlesex Centre
Neighbourhood: Rural Middlesex Centre
Style: 2-Storey
Lot Size: x 2232.60(Acres)
Approximate Age: 100+
Tax: $3,824
Maintenance Fee: $0
Beds: 4
Baths: 2
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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