$1,595,000
Est. payment $7,062/moCalculate yours
16904 HIGHWAY 7 Highway, Drummond/North Elmsley, ON K7H 3C8
908 - Drummond N Elmsley (Drummond) Twp, Drummond/North Elmsley, ON K7H 3C8
- 12 Beds
- 6 Baths
Listing courtesy of ROYAL LEPAGE TEAM REALTY MLS® X12091123
About this home
Here’s an opportunity to develop a mixed use residential (zoned R4) property just 1 km east of the town of Perth. Take advantage of all the amenities Perth has to offer by building immediately next to its neighbouring township. This 15.594 acre lot currently established with a multi-residential 6 unit and 2 single dwelling properties fronting the highway and are being sold “where-is, as-is” ready for your development plans -the brown bungalow fronting the highway is perfect for a site office along with a steel shed with a garage door for equipment storage.. The second parcel at 16918 is single dwelling is also being sold “as-is, where-is” and measures .442acres. The land is level and dry, there is no surface water on the property. There is also an older environmental study for the 16904 parcel which indicated the property as clean. 24 Hrs. irrevocable please. *** All persons wishing to access to the property must be be accompanied by a Realtor ***
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Extension
- Size
- < 700 sqft
Interior
- Bedrooms
- 12
- Bathrooms
- 6
- Kitchens
- 0
- Basement
- Separate Entrance
Building & Systems
- Heating
- Forced Air (Propane)
- Cooling
- None
- Exterior
- Aluminum Siding
- Foundation
- Concrete Block
- Roof
- Unknown
- Water
- Well
- Sewer
- Septic
Lot & Parking
- Lot Size
- 228.05 x 1147 Feet
- Parking
- None garage
- Zoning
- R4
Financial
- Property Taxes
- $3,232 (2024)
Location
- Neighbourhood
- 908 - Drummond N Elmsley (Drummond) Twp
- Cross Street
- Highway 7 just approximately 1 KM east before the Perth sign. Use google maps with address 16904 Highway 7, Perth. The property is directly across the highway from a self storage facility.
- Direction Faces
- South
Listing
- MLS® Number
- X12091123
- Days on Market
- 550
- Listed On
- 2025-04-16
- Possession
- Immediate
- Listed By
- ROYAL LEPAGE TEAM REALTY
Features
Interior
- None
Property
- Golf
Pool
- None
Mortgage calculator
Estimated mortgage payment
$7,062 per month
- Principal and interest
- $7,062
- Property tax
- $269
- Condo fees
- $0
- Estimated monthly cost
- $7,332
Your mortgage
- Mortgage amount
- $1,276,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $842,694
Cash to close
- Down payment
- $319,000
- Land transfer tax
- $28,375
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $347,375
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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