$399,900

For sale

380 2 Island, Georgian Bay (Baxter) - Single Family for Sale

380 2 Island, Georgian Bay (Baxter), Ontario, L0K1S0

2 beds1 bath0 parking900 ft²Listed 36 days ago

Overview

This 2-bedroom, 1-bathroom home in Georgian Bay is for sale offering roughly 900 sq ft of space. It has been on the market 36 days, fresher than the Georgian Bay average of 136 days.

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Description

Would you like to own an affordable private half-acre island tucked away from the traffic. This 861 sq foot cottage has open concept kitchen / living room that walks out onto a deck overlooking the stunning views of the bay. Features include 2 bedrooms, a grey water bed, a 3 piece bathroom with a newer Enviro toilet, woodstove, vinyl paned windows, a rebuilt outhouse, roof replaced approx 5 years ago, newer Bunkie and comes furnished including a washer, fridge & stove. The island has level grassy areas, some beautiful shield rock, docks on both the west & south side and is a short boat ride to the main harbour and several nearby marinas. Behind the island is a natural area where you can kayak and enjoy the wildlife. (id:66096)

Property Details

MLS®: X13841908
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 900 ft²
Frontage: 809 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Wood, Other
Cooling: Window air conditioner
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $1,469/yr
Listed

Features

Appliances: Washer, Refrigerator, Stove, Water Heater
Foundation: Stone, Block, Wood/Piers
Exterior: Wood, Hardboard
Lot Features: Irregular lot size, Rocky, Waterway, Level

Services

Utilities: Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Georgian Bay (Baxter) listings, avg age

136d

Price / ft²

$444

List price

$400K

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 (Baxter) has been listed for 36 days, which is 100 days fresher than the city average of 136. Act while there is still low competition.

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Listed by Re/Max Georgian Bay Realty Ltd · LISA COOKE-BOSWELL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $399,900, about 4.5× the local median household income of $88,000.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$399,900· $444/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$122/mo

Total monthly$2,229

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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