48 King Street

Kincardine · MLS® X12056199

Land · Vacant Land · 571 days on market

listed by EIAN FARRELL, RE/MAX Land Exchange Ltd.

realtor's description

This property has the possibilities and flexibility for an Individual or Developer to transform this land into a fine housing area in Tiverton. (It is zoned roughly half R1 Residential and the other half PD Planned Development) The 2.80 acre package currently has a house on it that is deemed beyond repair but also a 20'x40' pole and steel shed. The laneway to the property is actually a 330' long by 25' Municipal road which would be very beneficial for development. Located minutes from the Bruce Nuclear Power Development this property could become a popular new housing area for single family, semi-detached or apartment complexes. The Buyer must due their own due diligence concerning Municipal building requirements.

property details

type: Land, Vacant Land
parking: 0
property tax: $2,864 / yr
days on market: 571
MLS®: X12056199

monthly cost

$3,724/mo

Mortgage $3,485 · Tax $239

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

estimated payment

$3,485/ monthly

loan $639,920

25-year amortization

down payment20% · $159,98020%+ 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: $405,606
cash to close: $159,980; down payment; transfer tax and fees not included
total paid: $1,045,526

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