$850,000

For sale

1005 Holly Meadow Court, Lake of Bays (Franklin) - Single Family for Sale

1005 Holly Meadow Court, Lake of Bays (Franklin), Ontario, P1H0K1

3 beds3 baths6 parking1,750 ft²200 × 300 ft (1.37 acres) lot sizeListed 63 days ago

Overview

This 3-bedroom, 3-bathroom home in Lake of Bays is for sale offering roughly 1,750 sq ft of space. It has been on the market 63 days, fresher than the Lake of Bays average of 206 days.

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Description

Client RemarksWelcome to 1005 Holly Meadow Court. This 3 Bedroom home with refined Muskoka living in one of the areas most exclusive and sought-after communities Northern Lights by Signature Communities. Nestled within a spectacular 1,300-acre master-planned estate. This newly built 3 bedroom 3 bath home offers the perfect blend of modern luxury and serene natural surroundings. Designed with open-concept living and flooded with natural light. The chef-inspired kitchen features a sleek black Bosch appliance package, seamlessly flowing into the dining area for effortless entertaining. Oversized windows frame every view, bringing the beauty of nature indoors, while offering a tranquil and inspiring living experience. Soon, you'll also be able to unwind at the signature lakeside club house currently under construction which will include amenities such as kayaking, canoeing, and a spectacular infinity pool overlooking the lake. Perfectly located just 5 minutes from the charming town of Dwight with access to Lake of Bays, and only 15 minutes from downtown Huntsville, this home offers unmatched convenience without sacrificing peace and privacy. Whether you're seeking a luxurious full-time residence or a high-end Muskoka escape, this turn-key. Don't miss your chance to experience an elevated lifestyle surrounded by breathtaking nature and high-end community living. Welcome to Northern Lights where Muskoka luxury meets modern comfort. (id:66096)

Property Details

MLS®: X13745344
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 200 × 300 ft (1.37 acres)
Frontage: 200 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Kitchen: 5.18 x 3.75 meters
Dining room: 5.18 x 3.62 meters
Living room: 5.23 x 4.58 meters

Second level

Primary Bedroom: 3.6 x 3.35 meters
Bedroom 2: 3.72 x 2.58 meters
Bedroom 3: 3.35 x 2.58 meters

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

Features

Foundation: Poured Concrete
Exterior: Wood

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

63d

Lake of Bays (Franklin) listings, avg age

206d

Price / ft²

$486

List price

$850K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 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 93.0 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 Lake of Bays (Franklin) has been listed for 63 days, which is 143 days fresher than the city average of 206. Act while there is still low competition.

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Listed by RE/MAX ULTIMATE REALTY INC. · DAVID VU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1H)

This home lists at $850,000, about 10.4× the local median household income of $82,000.

Carrying it typically needs a household income of about $166,035 (20% down, 25-yr amortization, stress-tested) — roughly 102% above the area median.

Median household income: $82,000
Population: 18,099
Median age: 51.2
Owner / renter: 80% / 20%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P1H)

$850,000· $486/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $60,000

Min 7.06%50%

Mortgage payment$4,380/mo

↳ CMHC premium ($31,600 capitalized)

Property tax (est.)$250/mo

Total monthly$4,630

Cash Needed to Close

Down payment (7.06%)$60,000

Land transfer tax$13,475

Est. closing costs$5,050

Total cash needed$78,525

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