$899,000

For sale

1087 Glenmount Road, Lake of Bays (Ridout) - Single Family for Sale

1087 Glenmount Road, Lake of Bays (Ridout), Ontario, P0B1A0

4 beds2 baths5 parking1,300 ft²124 × 1098 ft (3.13 acres) lot sizeListed 35 days ago

Overview

This 4-bedroom, 2-bathroom home in Lake of Bays is for sale offering roughly 1,300 sq ft of space. Listed at $899,000, it is attractively priced about 10% below the $999,500 median asking price in Lake of Bays. It has been on the market 35 days, fresher than the Lake of Bays average of 81 days.

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Description

Client RemarksTucked along the shores of Lake of Bays, this inviting year-round cottage is all about connection, relaxation, and unforgettable moments. Spend your days on the expansive dock, whether you're diving into the clear water or heading out for an afternoon of boating and incredible fishing. Evenings are pure Muskoka magic, with breathtaking sunsets and the peaceful call of loons echoing across the lake.This property has been the backdrop for countless family gatherings, offering a warm and welcoming space to come together in every season. In the winter, enjoy cross-country skiing right from your doorstep, then cozy up after a day outdoors.Located on a friendly and welcoming road, and just a short walk to the Lake of Bays Tennis Club and Sailing Club, this is a place where summer traditions are made and memories last a lifetime. (id:66096)

Property Details

MLS®: X13845404
Property Type: Single Family
Zoning: WR
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 5
Interior Size: 1,300 ft²
Lot Size: 124 × 1098 ft (3.13 acres)
Frontage: 124 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Baseboard heaters, Electric, Wood
Cooling: None
Garage: No Garage
Fireplace

Rooms

Main level

Kitchen: 3.6 x 47 meters
Bathroom: 1.2 x 1.5 meters
Laundry room: 3.3 x 2.9 meters
Primary Bedroom: 3.5 x 2.5 meters
Sunroom: 4.2 x 3.6 meters
Bedroom 2: 3.3 x 2.9 meters
Bedroom: 2.9 x 3.6 meters
Bathroom: 2.4 x 2 meters
Living room: 5.3 x 4.1 meters
Den: 3.5 x 3.5 meters

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

Features

Appliances: Water Heater
Foundation: Block
Exterior: Wood
Lot Features: Wooded area, Irregular lot size, Partially cleared, Flat site, Hilly

Services

Water: Dug Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Lake of Bays (Ridout) listings, avg age

81d

Price / ft²

$692

List price

$899K

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.

Haho

This 4-bed single family in Lake of Bays (Ridout) has been listed for 35 days, which is 46 days fresher than the city average of 81. Act while there is still low competition.

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Listed by Chestnut Park Real Estate · ASHLEY JEFFERY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0B)

This home lists at $899,000, about 10.0× the local median household income of $90,000.

Carrying it typically needs a household income of about $175,606 (20% down, 25-yr amortization, stress-tested) — roughly 95% above the area median.

Median household income: $90,000
Population: 9,589
Median age: 53.2
Owner / renter: 91% / 9%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0B)

$899,000· $692/ft²

For sale

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Full Cost Breakdown

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Down Payment7.22% · $64,900.00

Min 7.22%50%

Mortgage payment$4,624/mo

↳ CMHC premium ($33,364 capitalized)

Property tax (est.)$265/mo

Total monthly$4,889

Cash Needed to Close

Down payment (7.22%)$64,900

Land transfer tax$14,455

Est. closing costs$5,197

Total cash needed$84,552

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