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Property Type: Detached HouseOwnership: Freehold
1183 NORTHFIELD Drive E
West Montrose, ON N0B2V0
MLS® 40833237
$5,900,000
6 bed1 bath12 parking0 sqftBuilt 1870
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 122.67 acres
- Frontage
- 2864 feet
N0B 2V0
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,666.79
Interior
- Basement
- Unfinished, Partial
- Heating
- Natural gas, Propane
- Cooling / A/C
- None
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 22'3'' x 15'0'' |
| Bedroom | Second level | 10'2'' x 11'9'' |
| Bedroom | Second level | 10'2'' x 11'9'' |
| Bedroom | Second level | 10'2'' x 11'9'' |
| Bedroom | Second level | 10'2'' x 11'9'' |
| 4pc Bathroom | Main level | — |
| Office | Main level | 10'1'' x 15'1'' |
| Living room | Main level | 12'10'' x 15'1'' |
| Primary Bedroom | Main level | 11'7'' x 24'6'' |
| Kitchen | Main level | 36'2'' x 14'7'' |
Description
Discover an extraordinary 122.4 acre farm estate nestled along the Grand River, offering a rare blend of agricultural opportunity, natural beauty, and limitless potential. Located just minutes from the City of Waterloo, this property provides the perfect balance: close to every amenity yet immersed in the peace, privacy, and serenity of the countryside. The land unfolds in breathtaking fashion, with approximately 118 workable acres of rich, productive soil currently used for a variety of crops including hay, corn, and produce. Rolling fields meet sweeping river vistas, with a pristine golf course across the river ensuring these one of a kind views remain protected for generations. Governed by the GRCA, the property’s natural character and scenic beauty are preserved and celebrated. Existing structures include a traditional two storey farmhouse with six bedrooms, multiple functional outbuildings, a barn with hayloft, machine shed with insulated shop, tie stalls, horse stalls and pens, and a chicken coop, all reflecting the charm and heritage of a true working farm. This exceptional offering invites endless possibilities. Whether you envision creating your dream estate or a multi family compound, the expansive landscape and location make it an ideal canvas. Its on farm diversified use zoning also opens the door to unique ventures such as ecotourism, agritourism, or a stunning event and wedding venue, all while maintaining the land’s agricultural purpose. A property of this scale and setting is a rare opportunity in Waterloo Region, a place where natural splendor, agricultural legacy, and future potential unite in perfect harmony. (id:63159)
Listing Information
- MLS®
- 40833237
- Data last synced
- September 18, 2026
Corcoran Horizon Realty
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: Corcoran Horizon Realty
MLS® Number: 40833237
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
553 - St Jacobs/Floradale/W.Montrose average
$471/sqft
9 active listing(s)
Parking: 12 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Guelph
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Nearby Places
Parks (1)
Similar Listings Nearby
No similar listings found nearby right now.
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,180,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$4,720,000.00
Periodic payment — Principal & Interest (monthly)$30,451.84
Additional monthly expenses (condo fees, tax, utilities, etc.)$555.57
Total monthly cost$31,007.40
Interest paid over 5-yr term$1,352,765.57
Balance at end of term$4,245,655.27
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$1,180,000
Stress test qualifying rate8.19%
Payment you must qualify for$36,597.66
Cash Needed at Closing
Minimum down payment$1,180,000
Estimated Land Transfer Tax (LTT)$133,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,315,475
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.