$850,000

For sale

1204 Charlie Thompson Road, Lake of Bays (Franklin), Ontario, P0A1H0

3 bd3 ba10 pk2,750 ft²Lot size 220 × 688 ft (3.47 acres)

Listed by Chestnut Park Real Estate

1563 South Portage Road, Lake of Bays (Franklin), Ontario, P1H2J3

For sale

40 days ago

$6.50M

1563 South Portage Road, Lake of Bays (Franklin), Ontario, P1H2J3

7 bd5 ba11 pk3,250 ft²Lot size 164 × 315 ft (1.18 acres)

Listed by Royal LePage Lakes Of Muskoka Realty

1521 Old Hwy 117, Lake of Bays (Franklin), Ontario, P0B1A0

For sale

41 days ago

$2.00M

1521 Old Hwy 117, Lake of Bays (Franklin), Ontario, P0B1A0

2 bd1 ba8 pk900 ft²Lot size 265 × 831 ft (5.05 acres)

Listed by Royal LePage Lakes Of Muskoka Realty

1097 Keysbury Drive, Lake of Bays (Franklin), Ontario, P0A1H0

For sale

54 days ago

$798K

1097 Keysbury Drive, Lake of Bays (Franklin), Ontario, P0A1H0

5 bd2 ba15 pk2,250 ft²Lot size 325 × 836 ft (6.23 acres)

Listed by REMAX YOUR COMMUNITY REALTY

Investment analysis

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$850,000

Lake of Bays

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1148 Echo Bay Road, Lake of Bays (Franklin) - Single Family for Sale

1148 Echo Bay Road, Lake of Bays (Franklin), Ontario, P0A1H0

3 beds1 bath4 parking900 ft²160 × 112 ft (17,920 sq ft) lot sizeListed Today

Overview

This 3-bedroom, 1-bathroom home in Lake of Bays is for sale offering roughly 900 sq ft of space. It has been on the market 0 days, fresher than the Lake of Bays average of 205 days.

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

Description

A wonderful opportunity to own 160 feet of beautiful Lake of Bays shoreline on scenic Echo Bay! Set on a quiet dead-end road, this south-facing property offers a lovely sandy-bottom waterfront, perfect for enjoying swimming, boating and everything cottage country has to offer. The approximately 900 sq. ft. cottage features three bedrooms, a 4-piece bath and an open-concept living area, along with a full walkout-level basement offering additional space and potential. The cottage is in need of a complete renovation, making this an ideal opportunity for someone looking to create their own Muskoka getaway or transform the property into something truly special. Located on a seasonal road, just a short distance from the year-round road, with easy access for winter plowing. Bring your vision and make the most of this beautiful waterfront setting on Lake of Bays! (id:66096)

Property Details

MLS®: X14153216
Property Type: Single Family
Zoning: wr
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 160 × 112 ft (17,920 sq ft)
Frontage: 160 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Walk out, N/A, N/A
Heating: Baseboard heaters, Wood
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $4,480/yr
Listed: Today

Rooms

Ground level

Living room: 5.45 x 3.99 meters
Kitchen: 2.9 x 3.04 meters
Bedroom: 4.15 x 7.13 meters
Bedroom 2: 3.08 x 2.97 meters
Bedroom 3: 3.44 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

Foundation: Block
Exterior: Wood
Lot Features: Wooded area, Irregular lot size

Services

Sewer: Septic System
Utilities: Electricity, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Lake of Bays (Franklin) listings, avg age

205d

Price / ft²

$944

List price

$850K

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 3-bed single family in Lake of Bays (Franklin) has been listed for 0 days, which is 205 days fresher than the city average of 205. Act while there is still low competition.

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Listed by Royal LePage Lakes Of Muskoka Realty · ELAINE ARBUCKLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $850,000, about 12.5× the local median household income of $68,000.

Carrying it typically needs a household income of about $166,035 (20% down, 25-yr amortization, stress-tested) — roughly 144% above the area median.

Median household income: $68,000
Population: 17,822
Median age: 56.8
Owner / renter: 87% / 13%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P0A)

$850,000· $944/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $60,000

Min 7.06%50%

Mortgage payment$4,380/mo

↳ CMHC premium ($31,600 capitalized)

Property tax (est.)$373/mo

Total monthly$4,753

Cash Needed to Close

Down payment (7.06%)$60,000

Land transfer tax$13,475

Est. closing costs$5,050

Total cash needed$78,525

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