$799,000

For sale

Bigwin Island, Lake of Bays (Franklin), Ontario, P0A1H0

2 bd3 ba2 pk1,300 ft²+$700/mo

Listed by Chestnut Park Real Estate

Birchcroft Road, Lake of Bays (Franklin), Ontario, P0A1H0

For sale

54 days ago

$539K

Birchcroft Road, Lake of Bays (Franklin), Ontario, P0A1H0

2 bd1 ba2 pk650 ft²+$275/mo

Listed by RE/MAX Professionals North

#108-5 1052 RAT BAY Road, Lake of Bays (Franklin), Ontario, P1H2J6

For sale

68 days ago

$50K

#108-5 1052 RAT BAY Road, Lake of Bays (Franklin), Ontario, P1H2J6

2 bd2 ba4 pk950 ft²+$427/mo

Listed by Chestnut Park Real Estate

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

For sale

101 days ago

$919K

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

3 bd2 ba10 pk+$127/mo

Listed by SAVE MAX REAL ESTATE INC.

Investment analysis

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$799,000

Lake of Bays

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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®: X14149092
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 2,125 ft²
Basement: Unfinished, Full
Heating: Other, Other
Garage: Attached Garage, Garage
Fireplace: Yes
Condo Fee: $170/mo
Fee Includes: Parking
Ownership: Condo/Strata
Property Tax: $3,344/yr
Listed: Today

Rooms

Main level

Great room: 4.57 x 5.8 meters
Kitchen: 4.57 x 4.88 meters
Bedroom: 3.72 x 4.45 meters
Bedroom 2: 3.66 x 3.05 meters
Bedroom 3: 3.66 x 3.05 meters
Laundry room

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

Market Timing

Days on market

Lake of Bays (Franklin) listings, avg age

209d

Price / ft²

$376

List price

$799K

Homes here sell slower than most markets

Sold homes in this market spent an average of 61 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.

Area context

Neighbourhood profile (P1H)

This home lists at $799,000, about 9.7× the local median household income of $82,000.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 90% 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)

$799,000· $376/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,900

Min 6.87%50%

Mortgage payment$4,125/mo

↳ CMHC premium ($29,764 capitalized)

Property tax (est.)$279/mo

Condo fee$170/mo

Total monthly$4,574

Cash Needed to Close

Down payment (6.87%)$54,900

Land transfer tax$12,455

Est. closing costs$4,897

Total cash needed$72,252

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator

1047 Greensview Drive, Lake of Bays (Franklin) - Single Family for Sale

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Neighbourhood profile (P1H)

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