$999,500

For sale

1355 Bellwood Acres Road, Lake of Bays (Ridout) - Single Family for Sale

1355 Bellwood Acres Road, Lake of Bays (Ridout), Ontario, P0A1E0

4 beds1 bath6 parking900 ft²99 × 240 ft (23,760 sq ft) lot sizeListed 25 days ago

Overview

This 4-bedroom, 1-bathroom home in Lake of Bays is for sale offering roughly 900 sq ft of space. Its $999,500 asking price sits right in line with the $999,500 median in Lake of Bays. It has been on the market 25 days, fresher than the Lake of Bays average of 81 days.

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Description

Turnkey Waterfront Paradise on Paint Lake - Creek Access to Lake of Bays! Escape the hustle and chase the serene Muskoka lifestyle in this impeccably maintained, 3-season waterfront haven. Exuding true pride of ownership, this 1,071 sq. ft. cottage offers the ultimate turnkey experience-fully equipped with furnishings, appliances, dishes, and cutlery. Just pack your toothbrush and start making memories! Inside, warm pine accents and a bright, open-concept layout welcome you home. The living space flows seamlessly to a large sundeck, offering panoramic views of your private dock system and pristine shoreline. Enjoy the Muskoka Room which also has a Murphy bed to accommodate overflow guests. Standing seam metal roof (2021), updated windows, fully insulated walls, and redone foundation piers before Covid-times. Advanced lake water purification (UV sterilization + filters). A cozy, fully insulated, pine-lined guest sleeping cabin plus a massive detached garage with a poured concrete floor. Owned Shore Road Allowance for complete land security. Only minutes from the charming amenities of Dorset and a convenient 2.5-hour drive from the GTA. (id:66096)

Property Details

MLS®: X13885218
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 1
Parking: 6
Interior Size: 900 ft²
Lot Size: 99 × 240 ft (23,760 sq ft)
Frontage: 99 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Other, Other
Cooling: None
Garage: Detached Garage, Garage
Waterfront: Yes
Ownership: Freehold
Property Tax

Features

Appliances: All, Water purifier, Water Treatment, Water Heater
Foundation: Block, Wood/Piers
Exterior: Wood, Cedar Siding
Lot Features: Wooded area, Sloping, Level

Services

Water: Lake/River Water Intake
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

25d

Lake of Bays (Ridout) listings, avg age

81d

Price / ft²

$1,111

List price

$1000K

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 25 days, which is 56 days fresher than the city average of 81. Act while there is still low competition.

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Listed by Forest Hill Real Estate Inc. · MIKE BAUM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $999,500, about 14.7× the local median household income of $68,000.

Carrying it typically needs a household income of about $195,237 (20% down, 25-yr amortization, stress-tested) — roughly 187% 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)

$999,500· $1,111/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,950

Min 7.50%50%

Mortgage payment$5,126/mo

↳ CMHC premium ($36,982 capitalized)

Property tax (est.)$231/mo

Total monthly$5,357

Cash Needed to Close

Down payment (7.50%)$74,950

Land transfer tax$16,465

Est. closing costs$5,499

Total cash needed$96,914

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