$529,000

For sale

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2 trout lake Island, McDougall - Single Family for Sale

2 trout lake Island, McDougall, Ontario, P2A2Z1

2 beds2 baths0 parking ft²

5 Mountain Basin Drive, McDougall, Ontario, P2A2W9

4,250 ft²Lot size 198 × 471 ft (2.14 acres)

Listed by RE/MAX GOLD REALTY INC.

For sale

8 days ago

$260K

5 MOUNTAIN BASIN Drive, McDougall, Ontario, P2A2W9

4,500 ft²

Listed by Re/Max Gold Realty Inc

12 Taylor Crescent, McDougall, Ontario, P2A2W9

For sale

18 days ago

$719K

12 Taylor Crescent, McDougall, Ontario, P2A2W9

3 bd3 ba6 pk2,250 ft²Lot size 295 × 250 ft (1.69 acres)

Listed by Royal LePage Team Advantage Realty

62 Mill Lake Trail, McDougall, Ontario, P2A2W9

For sale

21 days ago

$850K

62 Mill Lake Trail, McDougall, Ontario, P2A2W9

3 bd2 ba4 pk1,750 ft²

Listed by RE/MAX HALLMARK CHAY REALTY

Investment analysis

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$529,000

McDougall

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Overview

This 2-bedroom, 2-bathroom home in McDougall is for sale offering roughly 900 sq ft of space. Listed at $529,000, it is attractively priced about 31% below the $769,000 median asking price in McDougall. It has been on the market 81 days, fresher than the McDougall average of 126 days.

Houses for Sale in McDougall →All real estate in McDougall →

Description

YOUR OWN PRIVATE 0.9 ACRE ISLAND ON TROUT LAKE - 20 MIN EAST OF PARRY SOUND AND GEORGIAN BAY, AND 2 1/2 HOURS FROM TORONTO. GREAT FAMILY - 2 BEDROOM COTTAGE , WITH A LOFT, AND ALSO A BUNKIE. PLUS A STORAGE BUILDING THERE IS A DOCK AT THE SHORELINE. BOAT ACCESS FROM THE BOAT LAUNCH OR THE SLIP AT THE BOATHOUSE (SEE PICTURES) YOU WILL ENJOY THE WATER, PRIVACEY, AND THE GREAT VIEWS. PRESENTLY THERE IS NO SEPTIC SYSTEM, RUNNING WATER, OR HYDRO POWER. THIS IS REAL COTTAGE LIVING AT ITS BEST ENJOY .. (id:66096)

Area context

Neighbourhood profile (P2A)

This home lists at $529,000, about 7.2× the local median household income of $73,500.

Carrying it typically needs a household income of about $103,332 (20% down, 25-yr amortization, stress-tested) — roughly 41% above the area median.

Median household income: $73,500
Population: 14,695
Median age: 54
Owner / renter: 76% / 24%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P2A)

$529,000· $588/ft²

For sale

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Full Cost Breakdown

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Down Payment5.27% · $27,900

Min 5.27%50%

Mortgage payment$2,778/mo

↳ CMHC premium ($20,044 capitalized)

Property tax (est.)$173/mo

Total monthly$2,951

Cash Needed to Close

Down payment (5.27%)$27,900

Land transfer tax$7,055

Est. closing costs$4,087

Total cash needed$39,042

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2 trout lake Island, McDougall - Single Family for Sale

Rental cashflow calculator

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