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Lots & Land in McKellar
About 265 Balsam Road
Skip the heavily wooded lot and start with open, usable land. This 1.73-acre building lot in McKellar offers cleared former farmland with the driveway entrance already stubbed in, hydro available at the road and year-round municipal road access - giving you a head start on your future home and potentially saving considerable time and expense on clearing and initial site preparation. With plenty of open space for a home, garage, gardens and outdoor living, the property makes it easy to visualize your build from day one. Enjoy peaceful country living approximately 20 minutes from Parry Sound, with lakes, beaches, boating, trails, golf and year-round recreation nearby. Need more space? The adjacent lot at 267 Balsam Road is also available, creating an opportunity to purchase both properties together. VTB financing may be available to qualified buyers, subject to mutually acceptable terms. HST is in addition to the purchase price. Buyers constructing a qualifying new primary residence may be eligible for applicable federal and Ontario new-housing GST/HST rebates, including enhanced rebates available to qualifying first-time home buyers. Buyers should obtain independent advice regarding eligibility.
McKellar land priced at $124,995 — book a tour to see if it fits your search.
Inside 265 Balsam Rd
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
1.73
Listing & possession
Property class
Vacant Land
265 Balsam Rd 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
$614
/mo
based on the purchase price of $124,995
$24,999 cash
$99,996 financed
$84,223 total interest
Principal54%$99,996
Interest46%$84,223
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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 265 Balsam Rd with a licensed buyer's agent
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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.
Average days on market58Homes sold in about 58 days on average.
Sale-to-list ratio93.3%On average, homes sold below asking.
Active listings49Homes for sale here right now.
Median vs prior 90 days+19.4%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 18 sales from Jul 25 – Oct 23, 2026 (13 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 265 Balsam Rd
How much is 265 Balsam Rd listed for?
265 Balsam Rd is listed at $124,995 (MLS® X13241618). Summitly updates the price as soon as the MLS® record changes.
Has the price of 265 Balsam Rd changed?
Yes — it was first listed at $129,900 and is now $124,995, a drop of $4,905 (3.8%).
How many bedrooms and bathrooms does 265 Balsam Rd have?
The listing for 265 Balsam Rd doesn't publish its bedroom and bathroom count. It is a lot in McKellar.
How much would the monthly mortgage be on 265 Balsam Rd?
About $614 a month — principal and interest on $124,995 with 20% down ($24,999), 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 265 Balsam Rd compare with other homes in McKellar?
Its asking price of $124,995 is about 80% below the median sold price in McKellar over the last 90 days, $615,000, across 18 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 265 Balsam Rd been sold before?
Summitly has no earlier MLS® sale or lease of 265 Balsam Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 265 Balsam Rd?
265 Balsam Rd is in McKellar, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 265 Balsam Rd been on the market?
141 days — 265 Balsam Rd was listed on June 4, 2026.
What is the lot size of 265 Balsam Rd?
The lot is 25.995 acres, as published in the listing.
What is the land transfer tax on 265 Balsam Rd?
About $975 in Ontario land transfer tax at the asking price of $124,995. 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 265 Balsam Rd 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 265 Balsam Rd?
The listing for 265 Balsam Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for McKellar.
