$2,195,000

For sale

1021 Marina Road, Lake of Bays (Franklin) - Single Family for Sale

1021 Marina Road, Lake of Bays (Franklin), Ontario, P1H2J6

5 beds4 baths8 parking447 × 240 ft (2.46 acres) lot sizeListed 94 days ago

Overview

This 5-bedroom, 4-bathroom home in Lake of Bays is for sale. It has been on the market 94 days, fresher than the Lake of Bays average of 206 days.

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

Description

Visit the REALTOR website for further information about this Listing. Situated on Lake of Bays, 447 ft of southwest shoreline, 4,800 sqft of usable space, fully renovated Lakehouse (1800 sq. ft), new shoreline guest cabin (500 sq ft) and fully renovated shoreline building with entertainment room, workshop and den (2500 sq. ft), great docking and decks, spectacular views, sunrises and sunsets. Nestled on a quiet, municipality maintained road with private boat launch. This property presents a unique opportunity zoned Waterfront Resort Commercial (WRC) for year round living, cottage or commercial use such as B&B, resort accommodations, boat and dock rentals, etc. Also, flat waterfront space for further development of a custom home or resort cabins/duplexes with township approval. (id:66096)

Property Details

MLS®: X13634436
Property Type: Single Family
Zoning: WRC
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 4
Half Baths: 1
Parking: 8
Lot Size: 447 × 240 ft (2.46 acres)
Frontage: 447 ft
Storeys: 2
Basement: Unfinished, Separate entrance, Other, See Remarks, N/A, N/A, N/A
Heating: Forced air, Electric
Cooling: Wall unit
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Rooms

Main level

Living room: 6 x 6 meters
Laundry room: 1.5 x 1.5 meters
Kitchen: 4 x 6 meters
Bathroom: 2 x 2 meters
Sunroom: 4.5 x 2 meters
Dining room: 4 x 3 meters

Basement

Utility room: 9 x 9 meters

Second level

Primary Bedroom: 4.5 x 4.5 meters
Bedroom 2: 4 x 4 meters
Bedroom 3

Features

Foundation: Concrete
Exterior: Wood

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

94d

Lake of Bays (Franklin) listings, avg age

206d

List price

$2.19M

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 5-bed single family in Lake of Bays (Franklin) has been listed for 94 days, which is 112 days fresher than the city average of 206. Act while there is still low competition.

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Listed by EASY LIST REALTY LTD. · SOPHIE ALEGRA GITERMAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1H)

This home lists at $2,195,000, about 26.8× the local median household income of $82,000.

Carrying it typically needs a household income of about $428,760 (20% down, 25-yr amortization, stress-tested) — roughly 423% 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)

$2,195,000

For sale

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Full Cost Breakdown

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Down Payment20% · $439,000

Min 20%50%

Mortgage payment$9,361/mo

Property tax (est.)$635/mo

Total monthly$9,996

Cash Needed to Close

Down payment (20%)$439,000

Land transfer tax$41,350

Est. closing costs$9,085

Total cash needed$489,435

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