1470 Echo Lake Road

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$3,350,000

1470 Echo Lake Road

Mclean, Lake of Bays · MLS® X12049706

87 sq ft · 87 sq ft lot · Land · Vacant Land · 574 days on market

listed by JOHN JARVIS, Forest Hill Real Estate Inc.

realtor's description

SELLER TAKE BACK MORTGAGING AVAILABLE !!! 87 Acre Class A operating Granite Quarry with processed product meeting current MTO spec for road building. The remaining volumn of granite/material was professionally assessed at over 7,000,000.00 MetricTonnes of material/Granite in the ground. Perfectly located in the Lake Of Bays Region and within 2 1/2 hours of the GTA, supplies raw materials to the public, construction trade as well as to government agencies. Portable ashphalt, concrete batching plants and Magazine are allowed on this property, also has hydro at the street. The existing Class A license has no limitations and is transferable to a qualified buyer.

property details

type: Land, Vacant Land
living area: 87 sq ft
lot: 87 sq ft
parking: 0
property tax: $2,606 / yr
days on market: 574
MLS®: X12049706

monthly cost

$14,813/mo

Mortgage $14,596 · Tax $217

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$14,596/ monthly

loan $2,680,000

25-year amortization

down payment20% · $670,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,698,689
cash to close: $670,000; down payment; transfer tax and fees not included
total paid: $4,378,689

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.