$999,999

For sale

9232 Is 1810 - Bone Island, Georgian Bay (Gibson) - Single Family for Sale

9232 Is 1810 - Bone Island, Georgian Bay (Gibson), Ontario, P0E1E0

3 beds1 bath0 parkingListed 119 days ago

Overview

This 3-bedroom, 1-bathroom home in Georgian Bay is for sale. It has been on the market 119 days, fresher than the Georgian Bay average of 252 days.

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Description

Are you looking for a sunny spot in Cognashene to call your own? Look no further! This 12 acre property with access to water on two sides is truly one of a kind! Its boasts a beautiful sandy beach and all day sun with its southern exposure. The 3 bedroom cottage is close to the water and has good access from the dock. This is a very sought after part of the bay and provides great access for swimming, canoeing and watersports. If you love that rustic cottage feel or want a spot to build your dream cottage this might just be the perfect spot! Only 10-15mins from most marinas this property likely won't last long. Book a showing to see what this spectacular property has to offer! (id:66096)

Property Details

MLS®: X13539772
Property Type: Single Family
Zoning: SRI7
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 0
Frontage: 1,275 ft
Storeys: 1
Style: Raised bungalow
Garage: No Garage
Fireplace: Yes
Property Tax: $5,593/yr
Listed: 119 days ago

Rooms

Main level

Bedroom: 4.67 x 4.67 meters
Bedroom 2: 2.44 x 3.81 meters
Bedroom 3: 2.34 x 3.51 meters
Dining room: 3.66 x 2.34 meters
Kitchen: 2.44 x 2.57 meters
Living room: 6.1 x 5.84 meters
Bathroom: 2.44 x 2.82 meters

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

Features

Appliances: Water Heater
Foundation: Wood/Piers
Exterior: Wood
Lot Features: Wooded area, Waterway, Flat site

Services

Water: Lake/River Water Intake
Utilities: Electricity, Wireless

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

119d

Georgian Bay (Gibson) listings, avg age

252d

List price

$1000K

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 119 days, which is 133 days fresher than the city average of 252. Act while there is still low competition.

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Listed by Royal LePage In Touch Realty · SCOTT METHERELL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0E)

This home lists at $999,999, about 12.0× the local median household income of $83,000.

Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 135% 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)

$999,999

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,999.90

Min 7.50%50%

Mortgage payment$5,128/mo

↳ CMHC premium ($37,000 capitalized)

Property tax (est.)$466/mo

Total monthly$5,594

Cash Needed to Close

Down payment (7.50%)$75,000

Land transfer tax$16,475

Est. closing costs$5,500

Total cash needed$96,975

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