$999,000

For sale

16431 HIGHWAY 35, Algonquin Highlands - Single Family for Sale

16431 HIGHWAY 35, Algonquin Highlands, Ontario, K0M1J1

4 beds2 baths10 parking1,798 ft²Listed 40 days ago

Overview

This 4-bedroom, 2-bathroom home in Algonquin Highlands is for sale offering roughly 1,798 sq ft of space. It has been on the market 40 days, fresher than the Algonquin Highlands average of 120 days.

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Description

**Exceptional Waterfront & Commercial Opportunity on Boshkung Lake!** Own a truly unique property on one of Southern Ontario's most desirable lake chains. Offering approximately 120 feet of combined waterfront frontage and prime C1 commercial zoning, this rare property combines waterfront living with outstanding investment potential. Enjoy breathtaking southwest exposure, panoramic lake views, excellent boating, fishing, swimming, and a sandy shoreline on beautiful Boshkung Lake, part of a scenic three-lake waterway. Conveniently located with direct access from Highway 35, the property offers exceptional visibility and a large level parking area. Known locally as the former Foster's General Store, the property features a 1,798 sq. ft. year-round home or cottage, the original store building ready for restoration or redevelopment, plus two additional outbuildings. Whether you're looking to renovate, build your dream waterfront retreat, or explore future commercial opportunities, the possibilities are endless. Large waterfront parcels with commercial zoning and prime highway exposure rarely come to market. A truly one-of-a-kind opportunity to live, work, and invest in one exceptional property. (id:66096)

Property Details

MLS®: 40864892
Property Type: Single Family
Zoning: C1
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 10
Interior Size: 1,798 ft²
Frontage: 78 ft
Year Built: 1995
Storeys: 1
Style: Cottage
Basement: Unfinished, Crawl space
Heating: Baseboard heaters, Stove, Electric
Cooling: None
Garage: Open
Waterfront: Yes
Ownership

Rooms

Main level

Utility room: 3'0'' x 1'8''
4pc Bathroom: 1'8'' x 2'7''
3pc Bathroom: 1'8'' x 3'0''
Bedroom: 2'4'' x 3'0''
Bedroom: 4'2'' x 2'7''
Bedroom: 2'7'' x 2'7''
Primary Bedroom: 3'6'' x 4'5''
Living room: 7'1'' x 5'1''
Den: 3'0'' x 2'7''
Kitchen: 3'6'' x 3'6''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Water meter, Stove, Microwave, Hood Fan
Foundation: Stone
Exterior: Vinyl siding
Lot Features: Country residential, Recreational, Sump Pump

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

Algonquin Highlands listings, avg age

120d

Price / ft²

$556

List price

$999K

Homes here sell below asking price

Homes in this market sold for an average of 93.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 4-bed single family in Algonquin Highlands has been listed for 40 days, which is 80 days fresher than the city average of 120. Act while there is still low competition.

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Listed by HOMELIFE MAPLE LEAF REALTY LTD · Narender Sehgal

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0M)

This home lists at $999,000, about 12.5× the local median household income of $80,000.

Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 144% above the area median.

Median household income: $80,000
Population: 53,815
Median age: 56.8
Owner / renter: 88% / 12%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K0M)

$999,000· $556/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,900

Min 7.50%50%

Mortgage payment$5,123/mo

↳ CMHC premium ($36,964 capitalized)

Property tax (est.)$280/mo

Total monthly$5,404

Cash Needed to Close

Down payment (7.50%)$74,900

Land transfer tax$16,455

Est. closing costs$5,497

Total cash needed$96,852

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