$769,000

For sale

4 Is 40 Go Home Lake, Georgian Bay (Gibson) - Single Family for Sale

4 Is 40 Go Home Lake, Georgian Bay (Gibson), Ontario, P0C1H0

3 beds1 bath0 parking320 × 259 ft (1.90 acres) lot sizeListed 146 days ago

Overview

This 3-bedroom, 1-bathroom home in Georgian Bay is for sale. Listed at $769,000, it is attractively priced about 14% below the $899,000 median asking price in Georgian Bay. It has been on the market 146 days, fresher than the Georgian Bay average of 252 days.

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Description

Discover an exceptional island retreat on beautiful Whale Back Island in Crystal Bay, offering two separate waterfront exposures - a sun-soaked south shore with sandy beach and a scenic northwest shoreline perfect for sunsets. With 320 feet of total frontage and a level 0.85-acre lot, this property delivers rare usability, privacy, and year-round enjoyment. The renovated three season cottage features an inviting open-concept layout combining the living room, kitchen, and sunroom. The kitchen includes a centre island, double sink, and mostly stainless-steel appliances. The living room offers a cozy wood stove and walkout to the deck, while the sunroom provides panoramic lake views and its own walkout. There are 3 comfortable bedrooms, including a primary with direct ground-level access, plus a large 3-piece bath and convenient main-floor laundry. Outdoor living shines here: expansive lakeside decking, a charming gazebo, and a large, level yard ideal for family activities. The south-facing sandy beach offers gentle, kid-friendly entry, while the docks provide ample depth for boating. Enjoy two docks-an older secondary dock and a newer, oversized L-shaped dock with plenty of room for entertaining, swimming, and water sports. Located just an 8-minute boat ride from the marina and approximately 1.5 hours from the GTA, this island getaway is close to nearby towns for shopping, dining, and amenities. A rare opportunity to own a beautifully improved, highly usable island property on sought-after Go Home Lake. (id:66096)

Property Details

MLS®: X13436058
Property Type: Single Family
Zoning: SR1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 0
Lot Size: 320 × 259 ft (1.90 acres)
Frontage: 320 ft
Storeys: 1
Style: Raised bungalow
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Kitchen: 6.71 x 2.72 meters
Living room: 5.59 x 4.34 meters
Sunroom: 5.94 x 2.26 meters
Primary Bedroom: 3.68 x 3.48 meters
Bedroom: 3.68 x 2.31 meters
Bedroom: 3.45 x 2.74 meters
Pantry: 2.31 x 1.02 meters
Laundry room: 1.63 x 0.86 meters
Bathroom: 2.72 x 2.59 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Furniture, Water Heater
Flooring: Laminate, Ceramic, Wood
Foundation: Block, Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Rolling, 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

146d

Georgian Bay (Gibson) listings, avg age

252d

List price

$769K

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) has been listed for 146 days, which is 106 days fresher than the city average of 252. Act while there is still low competition.

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Listed by Sotheby's International Realty Canada · BRYAN COXWORTH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0C)

This home lists at $769,000, about 9.8× the local median household income of $78,500.

Carrying it typically needs a household income of about $150,213 (20% down, 25-yr amortization, stress-tested) — roughly 91% above the area median.

Median household income: $78,500
Population: 4,824
Median age: 56.8
Owner / renter: 88% / 12%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P0C)

$769,000

For sale

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Full Cost Breakdown

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Down Payment6.75% · $51,900

Min 6.75%50%

Mortgage payment$3,976/mo

↳ CMHC premium ($28,684 capitalized)

Property tax (est.)$263/mo

Total monthly$4,239

Cash Needed to Close

Down payment (6.75%)$51,900

Land transfer tax$11,855

Est. closing costs$4,807

Total cash needed$68,562

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