$1,199,000

For sale

51 MCKELLAR LAKE Road, McKellar - Single Family for Sale

51 MCKELLAR LAKE Road, McKellar, Ontario, P0G1C0

4 beds1 bath7 parking1,600 ft²40,075 sq ft (0.92 ac) lot sizeListed 16 days ago

Overview

This 4-bedroom, 1-bathroom home in McKellar is for sale offering roughly 1,600 sq ft of space. It has been on the market 16 days, fresher than the McKellar average of 93 days.

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Description

Location, location, location! Enjoy breathtaking lake views, spectacular sunsets, and the peace and serenity of this remarkable year-round retreat. Located on a quiet road with paved access and just a short drive to Parry Sound, this property offers the perfect blend of privacy and convenience. This beautiful 4-bedroom home/cottage features an open-concept main floor with a walkout to a screened in patio and deck overlooking the lake — the perfect place to relax and take in the views. The detached garage offers additional space with a finished loft, sitting area, and pool table for entertaining guests. Additional features include a Generac generator, paved driveway, and two new walkways leading to the docks. Whether you’re looking for a year-round home or the ultimate cottage getaway, this is your opportunity to own a true piece of heaven. A truly special property that must be seen! (id:66096)

Property Details

MLS®: 40872344
Property Type: Single Family
Zoning: WF
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 1
Parking: 7
Interior Size: 1,600 ft²
Lot Size: 40,075 sq ft (0.92 ac)
Frontage: 460 ft
Year Built: 1978
Storeys: 1
Style: Multi-level
Basement: Unfinished, Crawl space
Heating: Stove, Forced air, Propane
Cooling: None
Garage: Detached Garage
Waterfront

Rooms

Main level

Other: 22'4'' x 24'3''
Porch: 8' x 16'
Bedroom: 8'3'' x 10'8''
Bedroom: 8'4'' x 12'0''
Bedroom: 9'7'' x 12'0''
Primary Bedroom: 9'7'' x 12'0''
4pc Bathroom: 5'6'' x 7'3''
Foyer: 4'2'' x 10'1''
Kitchen: 9'7'' x 13'2''
Dining room: 13'3'' x 23'0''
Living room: 16'2'' x 23'0''

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan
Exterior: Wood
Lot Features: Country residential, Automatic Garage Door Opener

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

16d

McKellar listings, avg age

93d

Price / ft²

$749

List price

$1.20M

Homes here sell below asking price

Homes in this market sold for an average of 93.2 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 McKellar has been listed for 16 days, which is 77 days fresher than the city average of 93. Act while there is still low competition.

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Listed by RE/MAX Twin City Realty Inc. · CINDY CODY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0G)

This home lists at $1,199,000, about 16.7× the local median household income of $72,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 225% above the area median.

Median household income: $72,000
Population: 3,553
Median age: 58
Owner / renter: 92% / 8%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P0G)

$1,199,000· $749/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.91% · $94,900

Min 7.91%50%

Mortgage payment$6,121/mo

↳ CMHC premium ($44,164 capitalized)

Property tax (est.)$318/mo

Total monthly$6,439

Cash Needed to Close

Down payment (7.91%)$94,900

Land transfer tax$20,455

Est. closing costs$6,097

Total cash needed$121,452

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