$520,000

For sale

344 Loon Road East, Georgina Islands (Georgina Island) - Single Family for Sale

344 Loon Road East, Georgina Islands (Georgina Island), Ontario, L0E1R0

3 beds1 bath6 parking900 ft²91 × 157 ft (14,219 sq ft) lot sizeListed 187 days ago

Overview

This 3-bedroom, 1-bathroom home in Georgina Islands is for sale offering roughly 900 sq ft of space. Its $520,000 asking price sits right in line with the $520,000 median in Georgina Islands.

Houses for Sale in Georgina Islands →All real estate in Georgina Islands →

Description

Experience the magic of this Lake Simcoe Direct Waterfront Family Cottage on the highly sought-after east side of Georgina Island. This charming winterized 3-season retreat is perfectly situated directly on your private shoreline, this 3-bedroom, 1-bath cottage is designed for making memories. Relax and watch the sunrise on the large sun-drenched deck with your morning coffee, or spend your days swimming and fishing in crystal-clear water. Inside, you'll find a spacious living area and a bright kitchen perfect for family gatherings. This is a rare opportunity to own a slice of paradise at an affordable price point. "Mortgage financing may be available to qualified buyers." Note: "Very Important" Cottage is on leased land ($5,500/year). Accessible via passenger/car ferry. (id:66096)

Property Details

MLS®: N13067158
Property Type: Single Family
Zoning: Residential (Seasonal)
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 900 ft²
Lot Size: 91 × 157 ft (14,219 sq ft)
Frontage: 91 ft
Storeys: 1
Basement: Crawl space
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: No Garage
Waterfront: Yes
Ownership: Leasehold
Property Tax

Rooms

Main level

Living room: 4.7 x 6.3 meters
Kitchen: 4.8 x 3.2 meters

Upper Level

Primary Bedroom: 3.8 x 3.3 meters
Bedroom 2: 3.3 x 2.6 meters
Bedroom 3: 3.2 x 2.4 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, Water purifier, Stove, Dryer, Water Treatment, Water Heater - Tankless, Water Heater
Flooring: Laminate, Wood
Foundation: Block
Exterior: Wood
Lot Features: Irregular lot size, Carpet Free

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

187d

Georgina Islands (Georgina Island) listings, avg age

152d

Price / ft²

$578

List price

$520K

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 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 91.8 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 Georgina Islands (Georgina Island) 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 REMAX YOUR COMMUNITY REALTY · DOUGLAS B. MACEACHERN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0E)

This home lists at $520,000, about 5.8× the local median household income of $90,000.

Carrying it typically needs a household income of about $101,574 (20% down, 25-yr amortization, stress-tested) — roughly 13% above the area median.

Median household income: $90,000
Population: 21,898
Median age: 46.8
Owner / renter: 84% / 17%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L0E)

$520,000· $578/ft²

For sale

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Full Cost Breakdown

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Down Payment5.19% · $27,000

Min 5.19%50%

Mortgage payment$2,733/mo

↳ CMHC premium ($19,720 capitalized)

Property tax (est.)$228/mo

Total monthly$2,961

Cash Needed to Close

Down payment (5.19%)$27,000

Land transfer tax$6,875

Est. closing costs$4,060

Total cash needed$37,935

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