21576 Mccowan Road, East Gwillimbury, ON
Rural East Gwillimbury, East Gwillimbury · MLS® N13849064
About this home
A Rare Power of Sale Opportunity In East Gwillimbury For Buyers, Investors And Agricultural Entrepreneurs Seeking Land, Privacy And Long-Term Potential In One Of York Region's Desirable Rural Settings. Surrounded By Mature Trees And Open Green Space, This Unique Farm Property Offers A Versatile Setting With Covered Agricultural Structures, Multiple Outbuildings, Generous Outdoor Areas And Excellent Flexibility For A Variety Of Future Uses. Whether You Envision Continuing Agricultural Operations, Establishing A Hobby Farm, Expanding Growing Or Storage Space, Or Exploring A Longer-Term Investment Opportunity, The Property Offers The Space And Possibilities To Bring That Vision To Life, Subject To Applicable Zoning And Municipal Approvals. Opportunities Combining This Type Of Rural Setting, Land And Flexibility Are Increasingly Difficult To Find. Being Offered Under Power of Sale, This Property Presents A Distinctive Opportunity For Buyers Looking Beyond The Ordinary And Ready To Explore Its Full Potential. Book Your Private Viewing And Experience The Opportunity Firsthand.
Key facts
- Property type
- Other, Agricultural
- MLS®
- N13849064
- Lot
- 660.55 × 3299.54 ft
- Cross streets
- Mcowan & Holburn Road
- Heating
- Propane Gas
- Sewer
- Septic
- Property tax
- $4,838 / 2026
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
We are proud to represent this home. Our team handles every detail, the marketing, the staging, and the showings. The best way to feel what makes it special is in person, so book a private showing and I will walk you through it myself.
Neighbourhood & location
Rural East Gwillimbury, East Gwillimbury, ON
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How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). East Gwillimbury.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 1, 2026); conventional rates run a little higher.
Mortgage amount $1,600,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,847
- Property tax
- $403
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,250
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,475
- Estimated closing costs
- $36,475
Plus your down payment of $400,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $530,800
- Principal paid down
- $195,490
- Interest paid
- $335,310
- Balance remaining
- $1,404,510
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listed & marketed by Team Asgarian. MLS®/PropTx.