Description

This island property on Baxter Lake in Honey Harbour is a seldom available large waterfront parcel zoned residential in the District of Muskoka and connected to the Trent Severn Waterway. The waterfront lot is 985 feet of water frontage and an elevated 7 acres with hydro at the lot. The property is about 600 feet from a jointly owned & deeded road access right of way parking lot & boat launch, allowing easy access day or night. The property is zoned SRI-1 which bodes well for severances. Lock 45 in Port Severn provides access into Georgian Bay. The Gloucester Pool and Severn River neighbourhood has several restaurants you can get to by boat on a pleasant cruise. Little Go Home Bay and Gloucester Pool are accessed via a short channel under the bridge and will easily accommodate large pontoon boats and mid size cruisers. Deep water along the shore and great views up the lake from the property. Only 90 minutes north of the GTA. Access is by a municipally maintained road to the private and deeded marine landing included in the sale. Moments from Exit 162 and Hwy 400. Barrie, Orillia, Parry Sound and Midland are about 40 minute drive from the landing. (id:66096)

Features

Lot Features: Wooded area, Irregular lot size, Rocky, Sloping, Waterway

Services

Water: Lake/River Water Intake
Utilities: Electricity, Telephone, Electricity Available

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

143d

Georgian Bay (Baxter) listings, avg age

136d

List price

$265K

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.

Area context

Neighbourhood profile (P0E)

This home lists at $265,000, about 3.2× the local median household income of $83,000.

Carrying it typically needs a household income of about $51,764 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$265,000

For sale

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550 Is 10 Baxter Lake Island, Georgian Bay (Baxter) - Vacant Land for Sale