$600,000

For sale

3098 Island 1040, Georgian Bay (Baxter) - Single Family for Sale

3098 Island 1040, Georgian Bay (Baxter), Ontario, P0E1E0

4 beds2 baths0 parking1,750 ft²200 × 284 ft (1.30 acres) lot sizeListed 237 days ago

Overview

This 4-bedroom, 2-bathroom home in Georgian Bay is for sale offering roughly 1,750 sq ft of space. Listed at $600,000, it is attractively priced about 37% below the $949,900 median asking price in Georgian Bay.

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Description

With just a 1.5 hours drive from the GTA, you can be in beautiful Honey Harbour. From there it's a short 5 minute boat ride from any of the nearby marinas to this property. This 1500 square foot cottage features 4 bedrooms, 2 bathrooms, a kitchen, dining room, living room with wood stove and a large wrap around deck on the top level. There is also a deck on the lower level as well as out back, a large "barn" workshop with a loft that can be used for spillover sleeping as well as winter boat storage. The inlet is a nature lover's paradise with nearly no boat traffic and lots of wildlife. If you are a watersports enthusiast, there are great locations for that in the immediate vicinity. Georgian Bay offers unlimited boating so you can take a day trip over to the town of Midland or, if you're looking for a longer boat ride, you could head up to Henry's or Parry Sound. (id:66096)

Property Details

MLS®: X12884008
Property Type: Single Family
Zoning: SRI-1 & FH1
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 0
Interior Size: 1,750 ft²
Lot Size: 200 × 284 ft (1.30 acres)
Frontage: 200 ft
Storeys: 2
Basement: Crawl space
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership

Rooms

Second level

Kitchen: 3 x 3.09 meters
Dining room: 2.88 x 3.09 meters
Living room: 3.45 x 6.21 meters
Primary Bedroom: 3.45 x 2.39 meters
Bathroom: 2.36 x 0.88 meters
Bathroom: 2.36 x 1.52 meters

Ground level

Utility room: 2.12 x 2.52 meters
Sitting room: 2.36 x 4.18 meters
Bedroom: 3.42 x 3 meters
Bedroom: 3.42 x 3 meters

Features

Appliances: Water Treatment, Water Heater
Foundation: Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Sloping, Partially cleared, Level

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

237d

Georgian Bay (Baxter) listings, avg age

136d

Price / ft²

$343

List price

$600K

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 4-bed single family in Georgian Bay (Baxter) 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 Royal LePage In Touch Realty · MICHAEL BELSEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0E)

This home lists at $600,000, about 7.2× the local median household income of $83,000.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 41% 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)

$600,000· $343/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $35,000

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$224/mo

Total monthly$3,357

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$8,475

Est. closing costs$4,300

Total cash needed$47,775

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