$919,000

For sale

1007 Kingsridge Court, Lake of Bays (Franklin) - Single Family for Sale

1007 Kingsridge Court, Lake of Bays (Franklin), Ontario, P1H0K1

3 beds2 baths10 parking$127/mo condo feeListed 102 days ago

Overview

This 3-bedroom, 2-bathroom condo in Lake of Bays is for sale. It has been on the market 102 days, fresher than the Lake of Bays average of 206 days.

Condos for Sale in Lake of Bays →All real estate in Lake of Bays →

Description

A Huge 1 Acres Modern Style Luxury Home, Located on a prime ~1.6 Acres Lot Huge 2010 Sq ft Four Seasons House Includes Three huge bedrooms, Two bathrooms, Muskoka room, Great room, Home Office, Eat-in kitchen, Mud room/Laundry, Huge built in Garage, covered porch entrance. One minute walk to the lake, Exclusive Access to the Signature Club, which is located on a large lake and has several amenities including an infinity pool, BBQs area, party room and Gym. Fully serviced roads all year round, with snow removal and garbage collection facility included; Cashflow positive property, Cash flow analysis sheet attached, Seller will provide rental guarantee for 2 years at $5000 per month. (id:66096)

Property Details

MLS®: X13608744
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 10
Storeys: 1
Style: Bungalow
Basement: Unfinished, N/A
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Condo Fee: $127/mo
Fee Includes: Parking
Ownership: Condo/Strata
Property Tax: $3,344/yr
Listed

Rooms

Main level

Bedroom 2: 4.4 x 3.4 meters
Living room: 5.2 x 5.4 meters
Kitchen: 6.1 x 3.4 meters
Primary Bedroom: 3.9 x 5.2 meters
Bedroom 3: 3.5 x 3.6 meters

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

Features

Foundation: Concrete
Lot Features: Ravine, Conservation/green belt

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

102d

Lake of Bays (Franklin) listings, avg age

206d

List price

$919K

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 102 days, which is 104 days fresher than the city average of 206. Act while there is still low competition.

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Listed by SAVE MAX REAL ESTATE INC. · Shaifali Kaushik

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1H)

This home lists at $919,000, about 11.2× the local median household income of $82,000.

Carrying it typically needs a household income of about $179,513 (20% down, 25-yr amortization, stress-tested) — roughly 119% 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)

$919,000

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.28% · $66,900

Min 7.28%50%

Mortgage payment$4,724/mo

↳ CMHC premium ($34,084 capitalized)

Property tax (est.)$279/mo

Condo fee$127/mo

Total monthly$5,130

Cash Needed to Close

Down payment (7.28%)$66,900

Land transfer tax$14,855

Est. closing costs$5,257

Total cash needed$87,012

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