$399,999

For sale

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123 Waterview Lane, Assiginack - Single Family for Sale

123 Waterview Lane, Assiginack, Ontario, P0P1N0

4 beds1 bath10 parking lot size

284 Leask Bay Shores Manitowaning Lane West, Assiginack, Ontario, P0P1N0

2 bd1 ba10 pk900 ft²Lot size 150 × 412 ft (1.41 acres)

Listed by eXp Realty

Investment analysis

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$399,999

Assiginack

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Overview

This 4-bedroom, 1-bathroom home in Assiginack is for sale. Listed at $399,999, it is attractively priced about 6% below the $424,900 median asking price in Assiginack. It has been on the market 222 days, fresher than the Assiginack average of 231 days.

Houses for Sale in Assiginack →All real estate in Assiginack →

Description

CALLING ALL INVESTORS!!! Welcome to 3 Bedroom Waterfront Detached Cottage located in Manitoulin Island. This Property features .59 Acres of land, 2 Bedrooms + Spacious Loft, Full Kitchen, 3pc Washroom, Woodstove Fireplace, Open-concept Living Room & Dining Room walk-out to a Huge Patio Deck, overlooking a Beautiful View of the water; 1 Bunkie w/ window AC; Workshop/Shed; Septic System; Spacious Dock; Tons of Parking Space; Very Close to Rainbow Ridge Golf Course, Manitowaning East Municipal Airport, Chi-Cheeman Ferry Terminal, Playground, Shopping, etc.. Relax & enjoy the awesome beauty of crystal-clear water & fresh air! Great for Airbnb Investment! Enormous Land with so much Potentials. (id:66096)

Property Details

MLS®: X12928784
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 1
Parking: 10
Lot Size: 135 × 279 ft (37,663 sq ft)
Frontage: 135 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $3,888/yr
Listed: 222 days ago

Rooms

Main level

Living room
Dining room
Kitchen
Primary Bedroom
Bedroom 2

Upper Level

Bedroom 3

Flat

Bedroom 4

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

Area context

Neighbourhood profile (P0P)

This home lists at $399,999, about 6.2× the local median household income of $64,000.

Carrying it typically needs a household income of about $78,134 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $64,000
Population: 20,285
Median age: 50.8
Owner / renter: 82% / 18%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0P)

$399,999

For sale

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Full Cost Breakdown

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Down Payment5% · $19,999.95

Min 5%50%

Mortgage payment$2,107/mo

↳ CMHC premium ($15,200 capitalized)

Property tax (est.)$324/mo

Total monthly$2,431

Cash Needed to Close

Down payment (5%)$20,000

Land transfer tax$4,475

Est. closing costs$3,700

Total cash needed$28,175

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

123 Waterview Lane, Assiginack - Single Family for Sale

Rental cashflow calculator

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