$258,000

$298,000For salePrice drop↓ $40,000 (13%)

220 East Whalley Lake Road East, Magnetawan - Single Family for Sale

220 East Whalley Lake Road East, Magnetawan, Ontario, P0A1P0

3 beds1 bath10 parking900 ft²110 × 445 ft (1.12 acres) lot sizeListed 54 days ago

Overview

This 3-bedroom, 1-bathroom home in Magnetawan is for sale offering roughly 900 sq ft of space. It has been on the market 54 days, fresher than the Magnetawan average of 92 days.

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Description

Looking to get into the cottage market? This three-bedroom, one-bath cottage on Whalley Lake in Magnetawan offers an affordable opportunity to enjoy waterfront living in beautiful cottage country. Set on a one-acre lot with approximately 108 feet of natural shoreline, the property enjoys deep water and desirable northwest exposure - perfect for taking in those long summer afternoons and evening sunsets at the lake. Approximately 43 steps lead from the cottage down to the waterfront. Located on a year-round municipally maintained road, access is convenient in every season. Whether you're searching for a weekend getaway, a family cottage, or an affordable way to get onto the lake, this property offers plenty of potential to make it your own. (id:66096)

Property Details

MLS®: X13774262
Property Type: Single Family
Zoning: RS
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 10
Interior Size: 900 ft²
Lot Size: 110 × 445 ft (1.12 acres)
Frontage: 110 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Wood, Other
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Kitchen: 3.05 x 2.29 meters
Dining room: 4.42 x 2.29 meters
Living room: 4.72 x 4.42 meters
Bedroom: 3.96 x 3.66 meters
Bedroom 2: 3.51 x 2.44 meters
Bedroom 3: 3.51 x 2.74 meters
Bathroom: 2.29 x 1.52 meters
Utility room: 1.37 x 1.37 meters
Other: 7.32 x 2.29 meters

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

Features

Foundation: Wood/Piers
Exterior: Wood
Lot Features: Hillside, Wooded area, Open space, Level

Services

Water: Lake/River Water Intake
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

54d

Magnetawan listings, avg age

92d

Price / ft²

$287

List price

$258K

Homes here sell below asking price

Homes in this market sold for an average of 94.6 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 Magnetawan has been listed for 54 days, which is 38 days fresher than the city average of 92. Act while there is still low competition.

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Listed by RE/MAX Parry Sound Muskoka Realty Ltd · BONNIE LOOBY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $258,000, about 3.8× the local median household income of $68,000.

Carrying it typically needs a household income of about $50,396 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$258,000· $287/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,900

Min 5%50%

Mortgage payment$1,359/mo

↳ CMHC premium ($9,804 capitalized)

Property tax (est.)$174/mo

Total monthly$1,533

Cash Needed to Close

Down payment (5%)$12,900

Land transfer tax$2,345

Est. closing costs$3,274

Total cash needed$18,519

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