$420,000
Espanola
Espanola, Ontario, P3E1T1
This 1-bedroom, 1-bathroom cottage in Espanola is for sale offering roughly 900 sq ft of space. Its $420,000 asking price sits right in line with the $420,000 median in Espanola.
Escape to ultimate privacy on prestigious Lake Panache. Tucked into a quiet, secluded bay, this Road Access 1 bedroom, 1 bathroom waterfront camp offers an authentic Northern getaway paired with the structural backbone needed for future multi generational compound expansion. The cozy main dwelling is designed for low maintenance seasonal living, featuring an open concept interior, a functional kitchen, and a full 3 piece bathroom. Utility infrastructure is already established, featuring a functional septic system and a lake draw water system equipped with sediment filtration. The highlight of the shoreline is a recently constructed standalone Finnish sauna building. Complete with a powerful wood burning stove for traditional high heat sessions, the complex features an attached, fully insulated living room or lounge, making it an exceptional guest space, sports lounge, or secondary retreat right at the water edge. Unlike standard off grid camps, this property comes equipped with an upgraded 200 amp electrical service, split between the main cabin and the sauna building. Combined with the healthy septic and shoreline footprint, the heavy power capacity allows you to enjoy turn key camp life today while holding a clear pathway to build additional bunkies or a primary residence, following the lead of surrounding neighbors who have expanded into 8 month seasonal residences. The purchase includes all right, title, and interest in a private boathouse structure situated on leased ground at the local mainland marina. Enjoy covered vehicle parking, private launch access, and secure dry boat storage right on the mainland. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 65 days on market, against an average age of 60 days across the listings currently for sale in this city
This 1-bed recreational in Espanola is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $420,000, about 4.9× the local median household income of $85,000.
Carrying it typically needs a household income of about $82,041 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P3E)
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