$599,900

For sale

193 Pretties Island Road, Drummond/North Elmsley - Single Family for Sale

193 Pretties Island Road, Drummond/North Elmsley, Ontario, K7C4K8

2 beds2 baths5 parking900 ft²82 × 260 ft (21,183 sq ft) lot sizeListed 76 days ago

Overview

This 2-bedroom, 2-bathroom home in Drummond/North Elmsley is for sale offering roughly 900 sq ft of space. Listed at $599,900, it is attractively priced about 14% below the $699,000 median asking price in Drummond/North Elmsley. It has been on the market 76 days, fresher than the Drummond/North Elmsley average of 108 days.

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Description

There's something about life on Mississippi Lake that simply can't be matched. Morning boat rides, afternoons spent swimming, fishing off the shoreline, and evenings taking in the view - it's a lifestyle built around slowing down, soaking it in and creating memories that last a lifetime. This property brings opportunity in every direction. Keep it as the cozy waterfront 4 season home you've been dreaming of, explore its potential as an investment, or imagine building a new home and creating your own piece of paradise on the lake. A detached garage offers loads of room for your toys, tools and more, while the spacious loft above is waiting for your finishing touches - the perfect opportunity for additional usable space. With a clean shoreline, beautiful waterfront and stunning views, this is the kind of property where summers become traditions and lake life becomes part of who you are. Whether you're looking to cottage, invest or build - Mississippi Lake is calling. (id:66096)

Property Details

MLS®: X13699090
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 5
Interior Size: 900 ft²
Lot Size: 82 × 260 ft (21,183 sq ft)
Frontage: 82 ft
Storeys: 1
Style: Bungalow
Basement: Unfinished, Crawl space
Heating: Forced air, Propane
Cooling: None
Garage: Detached Garage, Garage
Waterfront: Yes
Ownership

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Blinds, Water Heater
Foundation: Wood
Exterior: Hardboard

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

76d

Drummond/North Elmsley listings, avg age

108d

Price / ft²

$667

List price

$600K

Homes here sell slower than most markets

Sold homes in this market spent an average of 64 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Drummond/North Elmsley has been listed for 76 days, which is 32 days fresher than the city average of 108. Act while there is still low competition.

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Listed by REMAX BOARDWALK REALTY · Michale Fyke

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7C)

This home lists at $599,900, about 6.1× the local median household income of $99,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 18% above the area median.

Median household income: $99,000
Population: 20,382
Median age: 44
Owner / renter: 79% / 21%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K7C)

$599,900· $667/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,990

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,596 capitalized)

Property tax (est.)$312/mo

Total monthly$3,444

Cash Needed to Close

Down payment (5.83%)$34,990

Land transfer tax$8,473

Est. closing costs$4,300

Total cash needed$47,763

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