Description

This exceptional 3.5 acre vacant private island named Wawanaissa is located in the Go Home Bay area of Georgian Bay. The island is situated in the Go Home River approx. 5 minutes from the open Georgian Bay. There is an excellent building site located amongst the pines and granite outcroppings facing west for excellent views and sun all day long. Hydro service is on the island and metered already at the building suite. A new survey has been done which is required for septic and building permits. The island is a 30 minute boat ride from marinas in Honey Harbour. This is a rare offering in the Go Home Bay area and membership is available in the Madawaska Club upon approval. (id:66096)

Market Timing

Days on market

119d

Georgian Bay (Gibson) listings, avg age

252d

List price

$649K

Homes here sell slower than most markets

Sold homes in this market spent an average of 71 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 92.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This vacant land in Georgian Bay (Gibson) has been listed for 119 days, which is 133 days fresher than the city average of 252. Act while there is still low competition.

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Area context

Neighbourhood profile (L0K)

This home lists at $649,000, about 7.4× the local median household income of $88,000.

Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.

Median household income: $88,000
Population: 38,386
Median age: 50.8
Owner / renter: 90% / 11%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0K)

$649,000

For sale

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2 Is 3225 Georgian Byway, Georgian Bay (Gibson) - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L0K)

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