Mason Island, French River, Ontario, P0M1A0




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$334,900
French River
This 2-bedroom home in French River is for sale offering roughly 1,300 sq ft of space. Listed at $334,900, it is attractively priced about 33% below the $499,999 median asking price in French River.
Rare opportunity on Mason Island in the North Channel of the French River. This waterfront cabin offers approximately 298 feet of frontage and a lot size of approximately 2.09 acres, according to deed/survey information. Set in a quiet, peaceful natural setting, the property enjoys a north-facing view over the French River. It offers the privacy and character that come with true water-access living. The property includes a 1955 one-storey cabin with a kitchen, living room, and two bedrooms. The cabin needs significant repair, restoration, or possible redevelopment, making it an excellent opportunity for buyers looking to create their own seasonal retreat, fishing getaway, or private island escape. Near French River Provincial Park. This is a rustic property with water access only. There is currently no hydro, municipal water, sewer, gas, cable, or telephone service connected to the property. Buyers should conduct their own due diligence regarding access, permitted uses, building requirements, services, lot boundaries, and future development potential. Seller is willing to negotiate. Easy access to nearby marinas/boat launches. (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: 131 days on market, against an average age of 109 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 110 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 92.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 2-bed single family in French River is available now. Want me to connect you with the agent or keep you posted on any price updates?
This home lists at $334,900, about 3.9× the local median household income of $86,000.
Carrying it typically needs a household income of about $65,418 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0M)
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Loading rates, 30-yr amortization
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