271 Mill Street, Drummond/North Elmsley, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of 908 - Drummond N Elmsley (Drummond) Twp. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $117,500 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 90 x 99.1 ft lot size
Description
Located on the east shore of the Mississippi River in the historic Hamlet of Ferguson Falls, this waterfront lot offers a great opportunity to enjoy peaceful riverfront living within an easy commute to Ottawa's west end. The property features a gentle slope to the shoreline, approximately 90 feet of waterfront according to MPAC, and approximately 0.18 acres of land. Beautiful rapids and scenic river views create a very attractive natural setting. An older cabin remains on the property and is considered to have minimal contributory value, however it may offer a possible footprint for a future cabin or cottage, subject to Buyer due diligence and township approvals. A rare chance to own an affordable waterfront property in a desirable historic riverside community.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 271 Mill Street, Drummond/North Elmsley, ON K0G 1K0
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About Purchasing a Home in Drummond/North Elmsley, ON
For a property listed at $117,500 in Drummond/North Elmsley, the legal minimum down payment is $5,875 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 $900 for this transaction. As this listing is in Drummond/North Elmsley (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $900.
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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.
