$359,900

$374,900For salePrice drop↓ $15,000 (4%)

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1088 Colony Road, Lake of Bays (Mclean) - Single Family for Sale

1088 Colony Road, Lake of Bays (Mclean), Ontario, P1L1X3

2 beds1 bath parking

2776 Muskoka Rd. 117 Road South, Lake of Bays (Mclean), Ontario, P0B1A0

5 bd3 ba5 pk2,750 ft²Lot size 67 × 412 ft (27,500 sq ft)

Listed by Coldwell Banker 2M Realty

1260 Winders Bay Road, Lake of Bays (Mclean), Ontario, P0B1A0

For sale

17 days ago

$969K

1260 Winders Bay Road, Lake of Bays (Mclean), Ontario, P0B1A0

4 bd2 ba7 pk1,300 ft²Lot size 232 × 314 ft (1.67 acres)

Listed by Royal LePage Lakes Of Muskoka Realty

13 East Road, Lake of Bays (Mclean), Ontario, P0B1A0

For sale

17 days ago

$649K

13 East Road, Lake of Bays (Mclean), Ontario, P0B1A0

4 bd4 ba5 pk2,250 ft²Lot size 66 × 132 ft (8,712 sq ft)

Listed by Royal LePage Lakes Of Muskoka Realty

#V 3, W 5 1020 BIRCH GLEN Road, Lake of Bays (Mclean), Ontario, P0B1A0

For sale

21 days ago

$80K

#V 3, W 5 1020 BIRCH GLEN Road, Lake of Bays (Mclean), Ontario, P0B1A0

3 bd3 ba3 pk1,900 ft²

Listed by Royal LePage Lakes Of Muskoka Realty

Investment analysis

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$359,900

Lake of Bays

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49 × 406 ft (19,995 sq ft) lot size

Overview

This 2-bedroom, 1-bathroom home in Lake of Bays is for sale offering roughly 1,300 sq ft of space. Listed at $359,900, it is attractively priced about 31% below the $523,000 median asking price in Lake of Bays. It has been on the market 58 days, fresher than the Lake of Bays average of 174 days.

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

Description

Welcome to this waterfront home in Muskoka! This large property on the water feels like you are in cottage country, but still close enough to Bracebridge to enjoy all the amenities! This homes features 2 bedrooms and 1 bath, a nice sized living room, kitchen and dining room, plus laundry room. But....so much space outside.....over 400 Foot Deep lot with a shed, firepit area and lots of room to park cars, atvs and boats! Plus a large deck that over looks the your almost 50 Feet of waterfront! (id:66096)

Property Details

MLS®: X13760440
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 12
Interior Size: 1,300 ft²
Lot Size: 49 × 406 ft (19,995 sq ft)
Frontage: 49 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Propane
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Property Tax: $2,351.89/yr
Listed: 58 days ago

Rooms

Main level

Living room: 7.9 x 3.1 meters
Dining room: 3.35 x 4 meters
Kitchen: 3.35 x 3.04 meters
Bedroom: 6.07 x 3.3 meters
Bedroom: 3.35 x 2.88 meters

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

Features

Foundation: Unknown
Exterior: Vinyl siding

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Lake of Bays (Mclean) listings, avg age

174d

Price / ft²

$277

List price

$360K

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 2-bed single family in Lake of Bays (Mclean) has been listed for 58 days, which is 116 days fresher than the city average of 174. Act while there is still low competition.

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Listed by ROYAL LEPAGE FIRST CONTACT REALTY · KELLY DARBYSHIRE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1L)

This home lists at $359,900, about 4.2× the local median household income of $86,000.

Carrying it typically needs a household income of about $70,301 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $86,000
Population: 17,984
Median age: 51.2
Owner / renter: 80% / 20%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P1L)

$359,900· $277/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,995

Min 5%50%

Mortgage payment$1,896/mo

↳ CMHC premium ($13,676 capitalized)

Property tax (est.)$196/mo

Total monthly$2,092

Cash Needed to Close

Down payment (5%)$17,995

Land transfer tax$3,874

Est. closing costs$3,580

Total cash needed$25,449

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