$899,000

For sale

2 Island 2890, Georgian Bay (Gibson) - Single Family for Sale

2 Island 2890, Georgian Bay (Gibson), Ontario, P0E1E0

2 beds2 baths0 parking900 ft²Listed 364 days ago

Overview

This 2-bedroom, 2-bathroom home in Georgian Bay is for sale offering roughly 900 sq ft of space. Its $899,000 asking price sits right in line with the $899,000 median in Georgian Bay.

Houses for Sale in Georgian Bay →All real estate in Georgian Bay →

Description

Nestled in the heart of Cognashene, lies a stunning 2-acre island in a private bay with only 3 other cottages separated by crown land. Enjoy the tranquility and stellar sunsets from an extremely well appointed 2-bedroom cottage with large loft and open concept living / kitchen. Only a few steps across the sun deck, there's a private guest cabin so family and company will have their own space. A short walk down a rocky path gets you to yet another small Bunkie for additional sleeping. A deep water dock provides sheltered mooring for a large boat and offers great swimming and fishing. This pristine and unique Island getaway has been a well loved home away from home for a wonderful local family for more than two generations, and they are leaving the place in perfect condition for a new family like yours. Access is available by boat, airboat and snowmobile from Honey Harbour. (id:66096)

Property Details

MLS®: X12511512
Property Type: Single Family
Zoning: SRI7
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 2
Parking: 0
Interior Size: 900 ft²
Frontage: 1,270 ft
Storeys: 1
Basement: None
Heating: Baseboard heaters, Electric, Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Bathroom: 1.6 x 1.75 meters
Bathroom: 1.6 x 2.76 meters
Bedroom: 2.66 x 2.31 meters
Bedroom: 2.48 x 3.49 meters
Kitchen: 3.56 x 3.8 meters
Dining room: 2.73 x 5.21 meters
Living room: 4.92 x 5.21 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Treatment, Furniture, Water Heater
Foundation: Concrete, Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Irregular lot size, Rolling

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

364d

Georgian Bay (Gibson) listings, avg age

252d

Price / ft²

$999

List price

$899K

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 2-bed single family in Georgian Bay (Gibson) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Set a price alert Book a showing

Listed by RE/MAX By The Bay Brokerage · ARMIN GRIGAITIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0E)

This home lists at $899,000, about 10.8× the local median household income of $83,000.

Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 112% above the area median.

Median household income: $83,000
Population: 3,606
Median age: 54.4
Owner / renter: 94% / 6%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0E)

$899,000· $999/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment7.22% · $64,900.00

Min 7.22%50%

Mortgage payment$4,624/mo

↳ CMHC premium ($33,364 capitalized)

Property tax (est.)$453/mo

Total monthly$5,078

Cash Needed to Close

Down payment (7.22%)$64,900

Land transfer tax$14,455

Est. closing costs$5,197

Total cash needed$84,552

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator