$699,000

For sale

386 Bear Road, Georgina Islands (Georgina Island) - Single Family for Sale

386 Bear Road, Georgina Islands (Georgina Island), Ontario, L0E1R0

6 beds4 baths8 parking3,250 ft²123 × 195 ft (23,985 sq ft) lot sizeListed 77 days ago

Overview

This 6-bedroom, 4-bathroom home in Georgina Islands is for sale offering roughly 3,250 sq ft of space. It has been on the market 77 days, fresher than the Georgina Islands average of 152 days.

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

Description

Exceptional Georgina Island waterfront living on Lake Simcoe! Meticulously maintained & move-in ready! This approximately 3200 sq. ft. two storey cottage offers quiet privacy, luxurious living &, with 6 bedrooms, 4 bathrooms & two huge great rooms, space for family & friends. Accessible by either boat or a dedicated car/passenger ferry (see attached ferry schedule), the property has about 120 ft of waterfront & over 70 ft of composite/aluminum dock with a southern exposure, calm, clear & weed-free shallow water entry for easy boating, swimming, paddle-boarding, kayaking & canoeing. Lake views are fabulous, from inside through the floor-to-ceiling walls of windows on both levels and outside from sunny & shady spots on lawns large enough for games of all sorts. There is a lovely perennial rock garden by the large driveway off the well-cared for road as well as a double-door oversize garage with 100 amp electrical service, finished interior walls, room for 2 vehicles, lots of workshop space and a bonus finished loft above with a foosball table for more cottage fun. The cottage itself has 200 amp service with a whole-home surge protector & a 22kw Generac generator with automatic transfer which covers everything. For comfort, there is forced-air propane heating & central a/c & a HRV for always fresh indoor air. Some other top features: -excellent water treatment system with filtration & UV disinfection -LED potlights on main & upper level/ wood, slate & stone floors -vaulted ceilings on upper level -kitchen with stainless appliances & 2 walk in pantries -central vac with kitchen toe-kick -a dedicated propane line for the included Napoleon bbq on upper deck -Smart thermostat for remote control -Denon multi-speaker sound system -dedicated finished laundry room with laundry sink -new roofs (house & garage) 2023 -new hot water tank (2024) & new water softener (2025). Current land lease until 2056 with irrevocable option to renew until 2105! (id:66096)

Property Details

MLS®: N13690844
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 8
Interior Size: 3,250 ft²
Lot Size: 123 × 195 ft (23,985 sq ft)
Frontage: 123 ft
Storeys: 2
Basement: None
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Upper Level

Kitchen: 2.98 x 3.55 meters
Bathroom: 3.23 x 1.59 meters
Bathroom: 4.17 x 2.84 meters
Dining room: 3.82 x 3.57 meters
Great room: 6.98 x 6.8 meters
Primary Bedroom: 4.09 x 3.54 meters
Bedroom 2: 3.34 x 3.71 meters
Bedroom 3: 3.12 x 3.71 meters

Main level

Utility room: 2.15 x 2.09 meters
Bathroom

Features

Appliances: Refrigerator, Water purifier, Water softener, Hot Tub, Central Vacuum, Dishwasher, Stove, Freezer, Water Treatment, Window Coverings, Water Heater
Flooring: Hardwood, Slate
Foundation: Concrete, Slab
Exterior: Concrete
Lot Features: Carpet Free

Services

Sewer: Septic System
Utilities: Electricity, Telephone, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

77d

Georgina Islands (Georgina Island) listings, avg age

152d

Price / ft²

$215

List price

$699K

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 6-bed single family in Georgina Islands (Georgina Island) has been listed for 77 days, which is 75 days fresher than the city average of 152. Act while there is still low competition.

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Listed by REMAX YOUR COMMUNITY REALTY · CHARMAINE KLAWITER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0E)

This home lists at $699,000, about 7.8× the local median household income of $90,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 52% 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)

$699,000· $215/ft²

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$444/mo

Total monthly$4,070

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$10,455

Est. closing costs$4,597

Total cash needed$59,952

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