$699,999

For sale

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106 LOUDON Island, Nipissing - Single Family for Sale

106 LOUDON Island, Nipissing, Ontario, P0H1R0

2 beds1 bath1,789 ft²Listed 474 days ago

Overview

This 2-bedroom, 1-bathroom home in Nipissing is for sale offering roughly 1,789 sq ft of space.

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Description

Welcome to your Piece of Paradise This beautiful Island and gorgeous 2 story home is nestled in a quiet Bay on the West End of Lake Nipissing. This home has 5 separate entries which is located high on the island with a sensational view of Mid West Bay on Lake Nipissing. The 3 bedrooms are wonderful for any size family or guests and enjoy your mornings or evenings in your own screened in sunroom. The main floor has a wonderful wood burning fireplace for those colder evenings. The wrap around deck has been recently renovated and the metal roof and elevated block foundation means little maintenance. This home is powered by Solar Energy and Propane and has an efficient Holding Tank. Enjoy the beauty of Lake Nipissing and all the water activities suited for your family. Only 3.5- 4 hour drive to the GTA. This home is ready for occupancy, but could use further refinements if desired. (id:66096)

Property Details

MLS®: 40752745
Property Type: Single Family
Zoning: R2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Interior Size: 1,789 ft²
Storeys: 2
Basement: None
Cooling: None
Garage: None
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $4,844.21/yr
Listed: 474 days ago

Rooms

Main level

Pantry: 8'0'' x 8'0''
Sunroom: 12'0'' x 40'0''
3pc Bathroom: 7'0'' x 8'0''
Bedroom: 12'0'' x 12'0''
Living room: 16'0'' x 18'0''
Kitchen: 15'0'' x 16'0''

Second level

Bedroom: 11'0'' x 23'0''
Other: 11'0'' x 16'0''

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

Features

Appliances: Water meter
Exterior: Vinyl siding
Lot Features: Country residential

Services

Water: Lake/River Water Intake
Sewer: Holding Tank

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

474d

Nipissing listings, avg age

111d

Price / ft²

$391

List price

$700K

Homes here sell slower than most markets

Sold homes in this market spent an average of 70 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 93.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Nipissing is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal LePage State Realty Inc. · John Whitwell

Area context

Neighbourhood profile (P0H)

This home lists at $699,999, about 8.7× the local median household income of $80,000.

Carrying it typically needs a household income of about $136,734 (20% down, 25-yr amortization, stress-tested) — roughly 71% above the area median.

Median household income: $80,000
Population: 31,909
Median age: 50.8
Owner / renter: 87% / 14%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA P0H)

$699,999· $391/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,999.90

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,200 capitalized)

Property tax (est.)$404/mo

Total monthly$4,035

Cash Needed to Close

Down payment (6.43%)$45,000

Land transfer tax$10,475

Est. closing costs$4,600

Total cash needed$60,075

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106 LOUDON Island, Nipissing - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Neighbourhood profile (P0H)

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Full Cost Breakdown