$589,000

For sale

25744 Georgian Bay Shr, Georgian Bay (Gibson) - Single Family for Sale

25744 Georgian Bay Shr, Georgian Bay (Gibson), Ontario, P0E1E0

2 beds1 bath0 parking900 ft²345 × 504 ft (3.99 acres) lot sizeListed 96 days ago

Overview

This 2-bedroom, 1-bathroom home in Georgian Bay is for sale offering roughly 900 sq ft of space. Listed at $589,000, it is attractively priced about 34% below the $899,000 median asking price in Georgian Bay. It has been on the market 96 days, fresher than the Georgian Bay average of 252 days.

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Description

WATER ACCESS ONLY - Escape to your own private water-access sanctuary, where this cozy 2-bedroom rustic cabin meets the ultimate Canadian shield wonderland with over 4.5 acres, 345' of waterfront plus a bunkie for extra family and guests. Nestled in total privacy with a sheltered cove for easy docking, this fully furnished retreat features an expansive pink granite playground for sunbathing, games, star gazing and exploring. Each day brings a unique sunset, adding to the charm and allure of this location. Evenings spent in the screened in porch are accompanied by firefly light and spring peeper choruses. This property has potential for development and expansion to capture more of the water scenery and westerly views. Your very own private nature retreat awaits, located in Cognashene, only a short 25 minute boat ride from Honey Harbour marinas, Come and get it! (id:66096)

Property Details

MLS®: X13624224
Property Type: Single Family
Zoning: SR5-12
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 900 ft²
Lot Size: 345 × 504 ft (3.99 acres)
Frontage: 345 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric, Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Foyer: 2.48 x 2.93 meters
Living room: 3.09 x 2.98 meters
Dining room: 6.52 x 2.93 meters
Kitchen: 3.53 x 2.93 meters
Bedroom: 3.44 x 2.3 meters
Bedroom: 3.02 x 2.92 meters
Sunroom: 3.02 x 4.29 meters
Bathroom: 2.15 x 6.4 meters

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

Features

Appliances: Refrigerator, Stove, Water Treatment, Window Coverings, Water Heater
Foundation: Wood, Block
Exterior: Wood
Lot Features: Wooded area, Rocky, 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

96d

Georgian Bay (Gibson) listings, avg age

252d

Price / ft²

$654

List price

$589K

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) has been listed for 96 days, which is 156 days fresher than the city average of 252. Act while there is still low competition.

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Listed by Royal LePage Lakes Of Muskoka - Clarke Muskoka Realty · MEGAN WHITE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0E)

This home lists at $589,000, about 7.1× the local median household income of $83,000.

Carrying it typically needs a household income of about $115,052 (20% down, 25-yr amortization, stress-tested) — roughly 39% 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)

$589,000· $654/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $33,900

Min 5.76%50%

Mortgage payment$3,078/mo

↳ CMHC premium ($22,204 capitalized)

Property tax (est.)$224/mo

Total monthly$3,301

Cash Needed to Close

Down payment (5.76%)$33,900

Land transfer tax$8,255

Est. closing costs$4,267

Total cash needed$46,422

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