00 Providence Line, Otonabee-South Monaghan, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Otonabee-South Monaghan. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $599,900 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
- Premium 974 x 2154 ft lot size
Description
Rare opportunity to own approximately 50 acres of prime Otonabee Township farmland, great location east of Peterborough. A small portion of the south east corner consists of low-lying wetland, creating a natural habitat for wildlife and adding to the property's scenic beauty and privacy. A prominent drumlin traverses the property, providing an excellent area of high and dry workable land with rolling topography and potential building sites. Ideal for recreational use (close to Trans Canada Trail), hobby farming, nature enthusiasts, or those looking to invest in a unique rural property close to city amenities. Conveniently located with easy access to major routes while offering the peace and tranquility of the countryside. Great location to build your dream house and enjoy hobby farming.
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Property Summary
This vacant land located at 00 Providence Line, Otonabee-South Monaghan is currently for sale and has been available on SousaSells for 38 days. This property is listed at $599,900 with an estimated mortgage of $1,997* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 00 Providence Line, Otonabee-South Monaghan is in the Otonabee-South Monaghan neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 00 Providence Line, Otonabee-South Monaghan, ON K9J 6X8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Otonabee-South Monaghan, ON
For a property listed at $599,900 in Otonabee-South Monaghan, the legal minimum down payment is $34,990 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 $8,473 for this transaction. As this listing is in Otonabee-South Monaghan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,473.
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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.