5876 8th Line, Essa

$2,798,000
5876 8th Line

$2,798,000

New
16d
Detached2-Storey

5876 8th Line, Essa

Total Monthly Obligation $12,397

Beds
6
Baths
3
Park
20
Sqft
3500-5000
DOM
16d
Yield
1.1%
Cash on Cash
-18.0%
Cap Rate
0.7%
5Y IRR
1.7%
10Y IRR
4.0%
Property Type-Detached
MLS® Number-N13874636
Beds-6
Bathrooms-3
Size-3500-5000 sqft
Lot Size-47.5 Acres
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Taxes-$8,825.77 (2025)
Parking-20 - Other
Basement-Partial Basement
Heating-Water (Oil)
Brokerage-NEST SEEKERS INTERNATIONAL REAL ESTATE
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural Essa
Title-Residential Freehold

No agent assigned

Welcome to this exceptional 47-acre parcel in South Essa Township, formerly known as the historic Tally Ho Airport, offering a rare opportunity with private aircraft aerodrome zoning. This unique property features a desirable blend of agricultural, commercial, and residential zoning, including approximately 5 acres of commercially zoned land fronting on 8th Line, providing excellent exposure and accessibility for a wide range of permitted uses. Registered with NAV Canada, the aerodrome permits ongoing private aircraft operations and includes a functional airstrip with additional shorter runways, ideal for aviation enthusiasts, private operators, or businesses requiring direct air access. The property includes a traditional 6-bedroom Ontario farmhouse with strong potential for multi-generational living, rental income, or a customized estate residence. A secondary home of approximately 1,000 sq. ft. offers additional flexibility for renovation, redevelopment, or guest accommodations. Outbuildings include an impressive 80' x 80' aircraft hangar capable of accommodating planes or helicopters, complete with an attached 15' x 40' office, a secondary 80' x 40' insulated metal building with heat and power, and a third structure currently used for hay storage with flexible future use. With established infrastructure, flexible zoning, and rich aviation history, this property supports a wide range of uses including agricultural operations, home-based businesses, and specialized commercial applications (subject to approvals).A rare offering combining scale, privacy, commercial frontage, and active aviation use-ideal for investors, end-users, or those seeking a distinctive live/work opportunity with long-term upside. Renderings are for illustrative purposes only and do not represent the property's current condition.

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Closing Costs

Mortgage Amount
$2,238,400
Land Transfer Taxes$56,425
Legal Fees (Est.)
$
Total cash required for closing$617,525

Total Monthly Obligation

$12,397/mo
Mortgage $11,286
Monthly Loss $9,427
Principal$2,970
Interest$8,316
Property Tax$735
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 5876 8th Line

Time

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