$499,900

For sale

623 Lima Lodge Road, Bonfield - Single Family for Sale

623 Lima Lodge Road, Bonfield, Ontario, P0H1E0

5 beds1 bath6 parking1,300 ft²Listed 48 days ago

Overview

This 5-bedroom, 1-bathroom home in Bonfield is for sale offering roughly 1,300 sq ft of space. Its $499,900 asking price sits right in line with the $509,000 median in Bonfield. It has been on the market 48 days, fresher than the Bonfield average of 65 days.

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Description

Set on the shores of Lake Nosbonsing, known as a premier lake for world class freshwater fishing for walleye, northern pike, muskie, and smallmouth bass. The 11 km long lake has two distinct sections and many sheltered bays, perfect for fishing, boating, canoeing & kayaking. This 5 bedroom cottage built in 1953 is set on a beautiful point offering panoramic lake views and beautiful sunsets. There is a large eat in kitchen with woodstove that has patio doors to a covered deck. The living room has a focal stone fireplace. 2 bedrooms and a 3 piece bath complete the main floor. Upstairs offers 3 additional bedrooms. The hydro panel is a 125 amp breaker panel. Water is drawn from the lake. There is a 2000 gallon holding tank. The road is maintained by the Township of Bonfield. The Seller has been approved in principle in acquiring the road shore allowance from the Township of Bonfield. The process will take a minimum of 3 months to finalize the purchase. Lot size is based on the property size once the purchase of the road shore allowance is completed. All offers must be conditional upon the completion of the purchase of the road shore allowance. Taxes are current. Changes to the taxes upon purchase of the shore allowance are not known at this time. (id:66096)

Property Details

MLS®: X13799718
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 1,300 ft²
Frontage: 47 m
Storeys: 1
Basement: Crawl space, None
Heating: Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Property Tax: $2,476/yr
Listed: 48 days ago

Rooms

Main level

Kitchen: 5.06 x 4.06 meters
Living room: 5.79 x 3.4 meters
Bedroom: 2.87 x 2.82 meters
Bedroom: 2.87 x 2.82 meters

Second level

Bedroom: 3.96 x 2.87 meters
Bedroom: 3.96 x 2.87 meters
Bedroom: 2.85 x 2.85 meters

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

Features

Appliances: Dishwasher, Stove, Two Refrigerators
Foundation: Stone
Exterior: Vinyl siding
Lot Features: Wooded area, Irregular lot size, Open space, Flat site, Level, Carpet Free, Country residential

Services

Water: Lake/River Water Intake
Sewer: Holding Tank
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Bonfield listings, avg age

65d

Price / ft²

$385

List price

$500K

Haho

This 5-bed single family in Bonfield has been listed for 48 days, which is 17 days fresher than the city average of 65. Act while there is still low competition.

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Listed by SUTTON-CHOICE REAL ESTATE INC., BROKERAGE · RICK SANDERSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0H)

This home lists at $499,900, about 6.2× the local median household income of $80,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $80,000
Population: 31,909
Median age: 50.8
Owner / renter: 87% / 14%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA P0H)

$499,900· $385/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$206/mo

Total monthly$2,839

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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