$599,900

For sale

9628 HWY 509, Frontenac (Frontenac North) - Single Family for Sale

9628 HWY 509, Frontenac (Frontenac North), Ontario, K0H2J0

14 beds12 baths20 parking5,000+ ft²284 × 279 ft (1.81 acres) lot sizeListed 76 days ago

Overview

This 14-bedroom, 12-bathroom home in Frontenac is for sale. Listed at $599,900, it is attractively priced about 8% below the $649,900 median asking price in Frontenac. It has been on the market 76 days, fresher than the Frontenac average of 113 days.

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Description

Live-in Business Opportunity in the Heart of Cottage Country, next to Palmerston Lake. Nestled in the scenic and sought-after tourist destination of Palmerston Lake, this renovated 11 room motel offers incredible potential for investors or entrepreneurs. Situated on 1.56 acres with stunning views overlooking the lake, the property includes a welcoming reception/office area and an upper level 3 bedroom, 1 bath apartment, perfect for an owner-operator or to generate additional income as a rental or Airbnb. With year round tourist traffic, the business benefits from summer vacationers drawn to the area with many pristine lakes and winter visitors including snowmobilers and outdoor enthusiasts with the K&P trail running behind the property. High-speed internet and reliable cell service are available. Located just 3 hours from Toronto, this is a unique opportunity to live, work, and thrive in one of Ontario's most beautiful recreational areas. (id:66096)

Property Details

MLS®: X13700818
Property Type: Single Family
Zoning: Hamlet
Bedrooms: 14
Beds (above / below): 14 above · 0 below
Bathrooms: 12
Parking: 20
Interior Size: 5,000+ ft²
Lot Size: 284 × 279 ft (1.81 acres)
Frontage: 284 ft
Storeys: 2
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Ownership: Freehold
Property Tax: $2,937.48/yr
Listed

Features

Appliances: Refrigerator, Water Heater
Foundation: Slab
Exterior: Vinyl siding
Lot Features: Irregular lot size, In-Law Suite

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

76d

Frontenac (Frontenac North) listings, avg age

113d

List price

$600K

Homes here sell below asking price

Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 14-bed single family in Frontenac (Frontenac North) has been listed for 76 days, which is 37 days fresher than the city average of 113. Act while there is still low competition.

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Listed by COLDWELL BANKER FIRST OTTAWA REALTY · Stephanie Mols

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0H)

This home lists at $599,900, about 6.5× the local median household income of $92,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 27% above the area median.

Median household income: $92,000
Population: 47,286
Median age: 51.2
Owner / renter: 91% / 10%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0H)

$599,900

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.)$245/mo

Total monthly$3,377

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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