$524,900
Kawartha Lakes
5641 Highway 35, Kawartha Lakes (Somerville), Ontario, K0M1N0
This 7-bedroom, 5-bathroom home in Kawartha Lakes is for sale offering roughly 2,250 sq ft of space. Listed at $524,900, it is attractively priced about 21% below the $665,000 median asking price in Kawartha Lakes.
Exceptional opportunity to secure a high-exposure property in one of the most strategic gateway locations to cottage country. Situated on approximately 2.5 flat acres with approximately 165 metres/541 feet of frontage along Highway 35, this property offers outstanding visibility, access, and long-term potential in the Rosedale/Fenelon Falls area of Kawartha Lakes. Location, location, location - positioned along a key regional corridor connecting Lindsay, Fenelon Falls, Balsam Lake, the Trent-Severn Waterway, and the surrounding cottage and tourism market. The site is surrounded by a mix of residential, commercial, recreational, and tourism-related uses, with nearby planned residential growth further supporting its long-term investment appeal. The property is improved with three existing homes and 2 are currently tenanted, offering present-use holding income while future plans are explored. Existing services include two private wells and two septic systems, with no municipal water or wastewater currently available. With its flat topography, generous frontage, highway exposure, and prominent position near a key intersection, this property may suit a range of future concepts, including commercial/service uses, mixed-use development, residential expansion, tourism-oriented uses, or long-term land assembly, all subject to required approvals. Rarely do sites with this level of frontage, exposure, and future flexibility become available in such a well-travelled cottage-country corridor. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 147 days on market, against an average age of 105 days across the listings currently for sale in this city
This 7-bed single family in Kawartha Lakes (Somerville) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $524,900, about 6.6× the local median household income of $80,000.
Carrying it typically needs a household income of about $102,531 (20% down, 25-yr amortization, stress-tested) — roughly 28% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0M)
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Loading rates, 30-yr amortization
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