Lot 1 Cherrywood Drive

Torbay · MLS® 1299688

Land · Vacant Land · 106 days on market

listed by Robert Moore, RE/MAX Infinity Realty Inc. - Sheraton Hotel

realtor's description

This beautiful lot is located on a quiet side street within an executive subdivision in Torbay! The property is gently sloped and treed, offering an excellent opportunity for a home design with a walk-out basement and desirable southern exposure. Backing onto undeveloped land, it provides added privacy and a natural backdrop. Well-suited for a wide range of home styles and sizes, this lot combines the best of both worlds—peaceful, country-like surroundings with the convenience of city living. Ideally situated just 7 minutes from Stavanger Drive and major amenities, it offers both privacy and accessibility in a highly sought-after location. *Any applicable HST shall be the sole responsibility of the purchaser.

property details

type: Land, Vacant Land
parking: 0
property tax: $770 / yr
days on market: 106
MLS®: 1299688

monthly cost

$609/mo

Mortgage $545 · Tax $64

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

estimated payment

$545/ monthly

loan $100,000

25-year amortization

down payment20% · $25,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $63,384
cash to close: $25,000; down payment; transfer tax and fees not included
total paid: $163,384

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