66 HWY 105, Red Lake, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Red Lake. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $65,000 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
- Premium 208.72 x 208.72 ft lot size
- Features a other basement, adding superb versatility for recreation, a home gym, or extra storage
- Notable attributes: Other
- equipped with other central cooling
Description
New Listing. Vacant commercial land available in Red Lake with excellent potential for future development. Great location and visibility. A fantastic opportunity to invest in a growing Northern Ontario community.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 66 HWY 105, Red Lake, ON P0V 2M0
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 Red Lake, ON
For a property listed at $65,000 in Red Lake, the legal minimum down payment is $3,250 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 $375 for this transaction. As this listing is in Red Lake (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $375.
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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.