6971 8th Line, New Tecumseth, ON
Property no longer active
This property was sold on December 12, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Rural New Tecumseth. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $12,000,000 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.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Acres
- Notable attributes: None
Description
Power of Sale Opportunity; Consisting of 6971 & 7213 8th Line, New Tecumseth, Simcoe County. 313 acres of land available at the southeast corner of the 8th Line and Adjala Tecumseth Townline in the Town of New Tecumseth. Property is in area of developer/investor owned land.
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Property Summary
This vacant land located at 6971 8th Line, New Tecumseth is currently for sale and has been available on SousaSells for 644 days. This property is listed at $12,000,000 with an estimated mortgage of $39,944* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 6971 8th 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.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Rural New Tecumseth, New Tecumseth.
- •Desirable Vacant Land architecture in Rural New Tecumseth, New Tecumseth
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 6971 8th Line, New Tecumseth, ON
Q.What is the asking price for 6971 8th Line, New Tecumseth, ON ?
The current listing price for 6971 8th Line, New Tecumseth, ON in Rural New Tecumseth, New Tecumseth is $12,000,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 0 bedrooms and 0 bathrooms.
Q.What property type and architectural style is 6971 8th Line, New Tecumseth, ON ?
6971 8th Line, New Tecumseth, ON is a Vacant Land () featuring a basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via .
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Pricing & Value Insights
Data-driven valuation for 6971 8th Line, New Tecumseth, ON L0G 1A0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in New Tecumseth, ON
For a property listed at $12,000,000 in New Tecumseth, the legal minimum down payment is $2,400,000 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 $286,475 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 $286,475.
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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.