$849,000

For sale

22428 GEORGIAN BAY SHORE, Georgian Bay (Gibson) - Single Family for Sale

22428 GEORGIAN BAY SHORE, Georgian Bay (Gibson), Ontario, P0E1E0

3 beds2 baths0 parking900 ft²1470 × 231 ft (7.79 acres) lot sizeListed 987 days ago

Overview

This 3-bedroom, 2-bathroom home in Georgian Bay is for sale offering roughly 900 sq ft of space. Listed at $849,000, it is attractively priced about 6% below the $899,000 median asking price in Georgian Bay.

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Description

This is a rare opportunity to get away from it all in the sought after Cognashene area. Harmonize with nature on this breathtaking 6.12 acre property with 1470 feet of pristine water frontage between two shorelines. The West facing shore on Longuissa Bay is approximately 827 feet and the East facing shore on the Musquash River is approximately 643 feet. This lovely 3 bedroom, 2 bathroom partially winterized cottage has pine log siding and a large deck with sun shade structure. Electricity is supplied by 3kw of solar panels, which provides more than ample power for all existing uses of the cottage and the property with exterior floodlights. Yes, that means NO HYDRO BILLS. The cinder block basement is used for a workshop as well as storage for recreational toys, outdoor furniture and maintenance equipment. The shoreline along the Musquash River side is protected by the Nature Conservancy of Canada, providing for peaceful enjoyment, exceptional fishing, paddle boarding, kayaking and canoeing. Down by the water, you'll enjoy shallow access to perfect sand bottom swimming and substantial deep water docking system for your boat(s). Boat access only. (id:66096)

Property Details

MLS®: X10894283
Property Type: Single Family
Zoning: SR7/FH
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 0
Interior Size: 900 ft²
Lot Size: 1470 × 231 ft (7.79 acres)
Frontage: 1,470 ft
Storeys: 1
Style: Raised bungalow
Basement: Separate entrance, Walk out, N/A, N/A
Heating: Wood, Other
Cooling: None
Garage: No Garage
Fireplace

Rooms

Main level

Dining room: 5.79 x 0.61 meters
Kitchen: 1.98 x 2.44 meters
Living room: 8.53 x 3.43 meters
Den: 8.53 x 2.59 meters
Bathroom: 2.29 x 1.68 meters
Bathroom: 1.98 x 1.22 meters
Primary Bedroom: 4.57 x 3.05 meters
Bedroom: 3.05 x 2.9 meters
Bedroom: 2.9 x 2.9 meters
Utility room: 2.29 x 1.68 meters

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

Features

Appliances: Washer, Water purifier, Satellite Dish, Gas stove(s), Range, Oven, Dryer, Microwave, Freezer, Furniture, Water Heater
Foundation: Block
Lot Features: Wooded area, Irregular lot size, Sloping, Rolling, Solar Equipment

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

987d

Georgian Bay (Gibson) listings, avg age

253d

Price / ft²

$943

List price

$849K

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 3-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?

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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 $849,000, about 10.2× the local median household income of $83,000.

Carrying it typically needs a household income of about $165,839 (20% down, 25-yr amortization, stress-tested) — roughly 100% 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)

$849,000· $943/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $59,900.00

Min 7.06%50%

Mortgage payment$4,375/mo

↳ CMHC premium ($31,564 capitalized)

Property tax (est.)$376/mo

Total monthly$4,751

Cash Needed to Close

Down payment (7.06%)$59,900

Land transfer tax$13,455

Est. closing costs$5,047

Total cash needed$78,402

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