$613,500

For sale

225 Johnson Bay Lane, Frontenac Islands (Howe Island) - Single Family for Sale

225 Johnson Bay Lane, Frontenac Islands (Howe Island), Ontario, K7G2V6

3 beds1 bath4 parking1,300 ft²Listed 24 days ago

Overview

This 3-bedroom, 1-bathroom home in Frontenac Islands is for sale offering roughly 1,300 sq ft of space. It has been on the market 24 days, fresher than the Frontenac Islands average of 94 days.

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Description

Waterfront Opportunity on Howe Island - Discover the potential of waterfront living on beautiful Howe Island along the scenic St. Lawrence River! This 2+1 bedroom, 1-bathroom home offers an exciting opportunity to create something truly special in a peaceful waterfront setting. Featuring a bright, open-concept main living area and a spacious kitchen, there is plenty of room to envision your dream home or island retreat. Step outside and enjoy the natural beauty of the property, with mature trees, a generous yard, and views of the St. Lawrence River. Whether you're looking for a year-round residence, a weekend getaway, or your next renovation project, this property offers the perfect canvas to bring your vision to life. The home is in need of some TLC, making it an ideal opportunity for renovators, investors, or buyers looking to add their own personal touch and build equity. With its desirable waterfront location and endless potential, this is your chance to turn a diamond in the rough into something extraordinary. (id:66096)

Property Details

MLS®: X14027402
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 1,300 ft²
Frontage: 69 m
Storeys: 1
Style: Bungalow
Basement: Full, Walk out
Heating: Baseboard heaters, Electric, Wood
Cooling: Wall unit
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax

Features

Foundation: Block
Exterior: Wood
Lot Features: Carpet Free

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

Frontenac Islands (Howe Island) listings, avg age

94d

Price / ft²

$472

List price

$614K

Homes here sell slower than most markets

Sold homes in this market spent an average of 80 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 90.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Frontenac Islands (Howe Island) has been listed for 24 days, which is 70 days fresher than the city average of 94. Act while there is still low competition.

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Listed by HOMELIFE/DLK REAL ESTATE LTD · Adam Ladouceur

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7G)

This home lists at $613,500, about 7.9× the local median household income of $77,500.

Carrying it typically needs a household income of about $119,838 (20% down, 25-yr amortization, stress-tested) — roughly 55% above the area median.

Median household income: $77,500
Population: 8,740
Median age: 54.4
Owner / renter: 74% / 26%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K7G)

$613,500· $472/ft²

For sale

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Full Cost Breakdown

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Down Payment5.93% · $36,350.00

Min 5.93%50%

Mortgage payment$3,200/mo

↳ CMHC premium ($23,086 capitalized)

Property tax (est.)$303/mo

Total monthly$3,503

Cash Needed to Close

Down payment (5.93%)$36,350

Land transfer tax$8,745

Est. closing costs$4,341

Total cash needed$49,436

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