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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Lots & Land in East Gwillimbury
About 20697 Highway 48 Highway
Power of Sale Opportunity! 20697 Highway 48, East Gwillimbury is an exceptional opportunity to acquire approximately 50 acres of level, vacant land with over 824 feet of frontage along Highway 48, just north of Mount Albert. Located west of the railway line, this expansive parcel offers excellent exposure and accessibility. Zoned Rural (RU), the property allows for a wide range of permitted uses including: agricultural and agri-related operations, greenhouses, equestrian facilities, farm produce outlets, nurseries, kennels, on-farm diversified uses, single-detached dwellings, accessory apartments, bed and breakfast establishments, animal clinics, group homes, home child care, and home businesses. It also supports unique lifestyle or entrepreneurial ventures such as agri-tourism and farm implement sales. Ideal for investors, farmers, or those seeking to build a private country estate. Don't miss this rare opportunity to own a large parcel with endless potential in a growing area of East Gwillimbury
East Gwillimbury land priced at $699,900 — book a tour to see if it fits your search.
Inside 20697 Highway 48 Hwy
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
48.75
Listing & possession
Property class
Vacant Land
20697 Highway 48 Hwy Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,438
/mo
based on the purchase price of $699,900
$139,980 cash
$559,920 financed
$471,600 total interest
Principal54%$559,920
Interest46%$471,600
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Book a tour of 20697 Highway 48 Hwy with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
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Ask about 20697 Highway 48 Hwy day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in East Gwillimbury
Other 1-bed homes for sale in East Gwillimbury around $700K.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.9%On average, homes sold below asking.
Active listings274Homes for sale here right now.
Median vs prior 90 days−2.7%Compared with Apr 16 – Jul 15, 2026: prices down.
Based on 166 sales from Jul 15 – Oct 13, 2026 (126 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 20697 Highway 48 Hwy
How much is 20697 Highway 48 Hwy listed for?
20697 Highway 48 Hwy is listed at $699,900 (MLS® N13560412). Summitly updates the price as soon as the MLS® record changes.
Has the price of 20697 Highway 48 Hwy changed?
Yes — it was first listed at $799,900 and is now $699,900, a drop of $100,000 (12.5%).
How many bedrooms and bathrooms does 20697 Highway 48 Hwy have?
The listing for 20697 Highway 48 Hwy doesn't publish its bedroom and bathroom count. It is a lot in East Gwillimbury.
How much would the monthly mortgage be on 20697 Highway 48 Hwy?
About $3,438 a month — principal and interest on $699,900 with 20% down ($139,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 20697 Highway 48 Hwy compare with other homes in East Gwillimbury?
Its asking price of $699,900 is about 30% below the median sold price in East Gwillimbury over the last 90 days, $1,005,000, across 166 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 20697 Highway 48 Hwy been sold before?
Summitly has no earlier MLS® sale or lease of 20697 Highway 48 Hwy on record from the last two years. Older records aren't shown under TRREB rules.
Where is 20697 Highway 48 Hwy?
20697 Highway 48 Hwy is in East Gwillimbury, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 20697 Highway 48 Hwy been on the market?
91 days — 20697 Highway 48 Hwy was listed on July 14, 2026.
What is the lot size of 20697 Highway 48 Hwy?
The lot is 37.495 acres, as published in the listing.
What is the land transfer tax on 20697 Highway 48 Hwy?
About $10,473 in Ontario land transfer tax at the asking price of $699,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 20697 Highway 48 Hwy or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 20697 Highway 48 Hwy?
The listing for 20697 Highway 48 Hwy doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for East Gwillimbury.
