$1,499,000

For sale

26 Wallace Island, Leeds and the Thousand Islands - Single Family for Sale

26 Wallace Island, Leeds and the Thousand Islands, Ontario, K0E1L0

5 beds3 baths0 parking2,250 ft²613 × 509 ft (7.16 acres) lot sizeListed 50 days ago

Overview

This 5-bedroom, 3-bathroom home in Leeds and the Thousand Islands is for sale offering roughly 2,250 sq ft of space. It has been on the market 50 days, fresher than the Leeds and the Thousand Islands average of 142 days.

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Description

Welcome to 26 Wallace Island, a charming five acre waterfront retreat nestled in the woods over looking the channel between Ash Island and Wallace Island. Surrounded by the beauty of the St. Lawrence River, this is island living at its best. With an 85 foot floating dock w/ bridge connecting to stationary dock you have plenty of room for your boats, jet ski's and toys. Inside, you'll find a warm and inviting open concept cottage featuring beautiful wood finishes, vaulted ceilings, exposed beams, large windows and plenty of natural light. The open living spaces are perfect for relaxing with family and hosting friends, while the spacious decks offer the ideal spot for morning coffee, outdoor dining, or taking in the peaceful waterfront views. Spend your days swimming, boating, fishing, exploring the islands, or simply enjoying the quiet. Located in the scenic Leeds and the Thousand Islands area, minutes from the Ivy Lea Club, Pecks marina and in the heart of water adventure, 26 Wallace Island offers a rare opportunity to escape the everyday and create memories that will last for years to come. Book your viewing of this island getaway before it's gone! (id:66096)

Property Details

MLS®: X13787066
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Parking: 0
Interior Size: 2,250 ft²
Lot Size: 613 × 509 ft (7.16 acres)
Frontage: 613 ft
Basement: None
Heating: Heat Pump, Wood
Cooling: Wall unit
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $11,866/yr
Listed

Features

Appliances: Water Treatment, Furniture
Exterior: Wood
Lot Features: In-Law Suite

Services

Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Leeds and the Thousand Islands listings, avg age

142d

Price / ft²

$666

List price

$1.50M

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 5-bed single family in Leeds and the Thousand Islands has been listed for 50 days, which is 92 days fresher than the city average of 142. Act while there is still low competition.

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Listed by ROYAL LEPAGE INTEGRITY REALTY · Jeremie Hughes

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0E)

This home lists at $1,499,000, about 18.1× the local median household income of $83,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 253% 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)

$1,499,000· $666/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,900.00

Min 8.33%50%

Mortgage payment$7,618/mo

↳ CMHC premium ($54,964 capitalized)

Property tax (est.)$989/mo

Total monthly$8,607

Cash Needed to Close

Down payment (8.33%)$124,900

Land transfer tax$26,455

Est. closing costs$6,997

Total cash needed$158,352

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