5001 4th Line, New Tecumseth, ON

$5,900,000
MLS#:N9419777
3 beds
2 baths
15.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey farm located in the coveted neighborhood of Rural New Tecumseth. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $5,900,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Premium 1853 x 2376.75 ft lot size
  • Features a full, walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 15.0 total parking spaces available
  • Notable attributes: Other
  • equipped with other central cooling and highly efficient heat pump heating via other

Description

Opportunity knocks to call this 98.84 acre farm in south New Tecumseth your own! It is located in a prime area, minutes to Highway 9 and Schomberg, and offers clay loam soil perfect for cash crop production. A lovely farm house is situated on the property, and features a bright open concept living space and kitchen, a great sunroom with views of the property, a huge primary bedroom with a bath and a walkout basement. The back deck is the perfect place to sit, enjoy a coffee and appreciate the expansive views of the farm. Also on the property are two large fenced garden beds perfect for growing your own veggies and a solid steel quonset hut which offers the perfect place to store your equipment. This special farm is a rare offering, in a great location! Beautiful land, surrounded by other beautiful farms. The property has a creek running through it, a small pond, walking trails through the bush and a fire pit to enjoy with your family and friends!

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Property Summary

This farm located at 5001 4th Line, New Tecumseth is currently for sale and has been available on SousaSells for 633 days. This property is listed at $5,900,000 with an estimated mortgage of $19,639* per month. It has 3 beds, 2 bathrooms, and is unknown square feet. 5001 4th Line, New Tecumseth is in the Rural New Tecumseth neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusExpired
Listed Date10/21/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeFarm
Architectural Style2-Storey
ConstructionBrick
BasementFull, Walk-Out
Lot Size1853 × 2376.75 Feet
CountySimcoe
Annual Tax$5,255.86
Legal DescriptionCON 3 N PT LOT 19

Parking & Garage

Parking Spaces15.0
Garage Spaces15
Garage TypeNone

Heating & Cooling

Heat SourceOther
Heat TypeHeat Pump
CoolingOther

Features

Property Features

Interior Features

Other

Security Features

Community Features

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Location

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5001 4th Line, New Tecumseth, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 5001 4th Line, New Tecumseth, ON L0G 1W0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in New Tecumseth.

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Interest Rate4.00%
Down Payment$1,770,000 (30.0%)
* Minimum Canadian down payment required for this price is $1,180,000.
Amortization Period30 Years
Estimated Monthly Payment$19,639Based on a loan of $4,130,000 over 30 years.
Purchase Price$5,900,000
Loan Amount$4,130,000
Provincial Land Transfer Tax:$133,975
Total Estimated Closing Taxes:$133,975

About Purchasing a Home in New Tecumseth, ON

For a property listed at $5,900,000 in New Tecumseth, the legal minimum down payment is $1,180,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $133,975 for this transaction. As this listing is in New Tecumseth (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $133,975.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural New Tecumseth, New Tecumseth.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,401,954

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.