$2,500,000

For sale

0 Zavikon Island, Leeds and the Thousand Islands - Single Family for Sale

0 Zavikon Island, Leeds and the Thousand Islands, Ontario, K0E1V0

12 beds4 baths0 parking350 ft²1267 × 108 ft (3.13 acres) lot sizeListed 44 days ago

Overview

This 12-bedroom, 4-bathroom home in Leeds and the Thousand Islands is for sale offering roughly 350 sq ft of space. It has been on the market 44 days, fresher than the Leeds and the Thousand Islands average of 142 days.

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Description

ZAVIKON ISLAND - one of the most recognized and photographed islands in the Thousand Islands, now offered as a rare opportunity to own a true piece of St. Lawrence River history. Known around the world for its unmistakable bridge, flags and storybook setting, this is not simply an island property-it is an icon. Set amid the unforgettable scenery of the international Thousand Islands, Zavikon sits moments by boat from Alexandria Bay, Boldt Castle, Grenadier Island and the storied waterways that make this stretch of the river so extraordinary. Sightseeing cruise boats currently pass the island, making it part of the legendary view experienced by visitors from around the world. Surrounded by remarkable waterfront estates, pristine water and endless boating destinations, the location offers both privacy and an undeniable sense of place.The existing residence and improvements require significant attention and are being offered in their current condition. This is a property for the visionary buyer-someone prepared to restore, redesign or reimagine an iconic island retreat. The property is being sold on an "as is, where is" basis, without warranty or representation by the Seller. Opportunities to own a globally recognized island of this calibre are exceptionally rare. Zavikon Island is ready for its next chapter. (id:66096)

Property Details

MLS®: X13814532
Property Type: Single Family
Bedrooms: 12
Beds (above / below): 12 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 0
Interior Size: 350 ft²
Lot Size: 1267 × 108 ft (3.13 acres)
Frontage: 1,267 ft
Storeys: 3
Basement: Unfinished, Full
Heating: Other, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership

Features

Foundation: Stone
Exterior: Wood, Stone
Lot Features: Sloping, Waterway, Guest Suite

Services

Sewer: Holding Tank

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Leeds and the Thousand Islands listings, avg age

142d

Price / ft²

$7,153

List price

$2.50M

Homes here sell slower than most markets

Sold homes in this market spent an average of 63 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 92.9 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 12-bed single family in Leeds and the Thousand Islands has been listed for 44 days, which is 98 days fresher than the city average of 142. Act while there is still low competition.

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Listed by REMAX BOARDWALK REALTY · Natalie Sobhie

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0E)

This home lists at $2,500,000, about 30.1× the local median household income of $83,000.

Carrying it typically needs a household income of about $488,338 (20% down, 25-yr amortization, stress-tested) — roughly 488% above the area median.

Median household income: $83,000
Population: 39,649
Median age: 49.6
Owner / renter: 84% / 16%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0E)

$2,500,000· $7,153/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $500,000

Min 20%50%

Mortgage payment$10,662/mo

Property tax (est.)$1,308/mo

Total monthly$11,970

Cash Needed to Close

Down payment (20%)$500,000

Land transfer tax$48,975

Est. closing costs$10,000

Total cash needed$558,975

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