$750,000

For sale

1179 Spring Lake Road, Parry Sound Remote Area (Lount) - Single Family for Sale

1179 Spring Lake Road, Parry Sound Remote Area (Lount), Ontario, P0A1X0

2 beds1 bath12 parking900 ft²145 × 188 ft (27,260 sq ft) lot sizeListed 43 days ago

Overview

This 2-bedroom, 1-bathroom home in Parry Sound Remote Area is for sale offering roughly 900 sq ft of space. It has been on the market 43 days, fresher than the Parry Sound Remote Area average of 173 days.

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Description

Nestled in the beautiful Almaguin Highlands on Spring Lake, located in the unorganized Township of Lount, this year round build has been completely renovated from top to bottom in 2021. The lake is spring fed, very clean, and approximately 70% crown land, with public access just down the road. The home/cottage is 2" x 6" construction, with 12" floors, new roof, insulation package, new electrical, plumbing, and full septic system for a 3 bedroom home. The home/cottage is complete with a dug well, and a cottage water supply system with UV, filters, and back-up heated line. Open concept living with living/dining area, 2 walkouts to large 11' x 32' deck, custom kitchen w/granite counter tops, 2 bedrooms, 4 pc bath, and foyer with stackable washer & dryer. For your guests there is a charming 12' x 16' Bunkie that would comfortably sleep 6. The property has a serene feel where you can sit back and relax on the deck overlooking the lake or on the dock taking in the sounds of the water and the calm of nature. Plenty of storage as well for yourtoys with the insulated 20' x 26' metal garage on concrete slab and 2 storage sheds. Added features include a large dock, boatlift, hard bottom shallow entry shoreline, and back-up generator with Gener-Link hook up. This home/cottage is being sold "Turn Key", ready to go to start making lasting memories. (id:66096)

Property Details

MLS®: X13817544
Property Type: Single Family
Zoning: Unorganized
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 12
Interior Size: 900 ft²
Lot Size: 145 × 188 ft (27,260 sq ft)
Frontage: 145 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Propane, Other
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront

Rooms

Main level

Living room: 3.3 x 5.49 meters
Kitchen: 3.51 x 2.14 meters
Bedroom: 3.35 x 3 meters
Foyer: 3.35 x 1.61 meters
Bathroom: 2.44 x 1.52 meters
Bedroom 2: 2.55 x 2.71 meters

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

Features

Appliances: Washer, Refrigerator, Water purifier, Stove, Dryer, Microwave, Furniture, Water Heater
Foundation: Block, Wood/Piers
Exterior: Steel, Vinyl siding
Lot Features: Level lot, Sloping, Country residential

Services

Water: Dug Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

43d

Parry Sound Remote Area (Lount) listings, avg age

173d

Price / ft²

$833

List price

$750K

Homes here sell slower than most markets

Sold homes in this market spent an average of 75 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 92.7 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 Parry Sound Remote Area (Lount) has been listed for 43 days, which is 130 days fresher than the city average of 173. Act while there is still low competition.

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Listed by RE/MAX Professionals North · TOM FREER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0A)

This home lists at $750,000, about 11.0× the local median household income of $68,000.

Carrying it typically needs a household income of about $146,501 (20% down, 25-yr amortization, stress-tested) — roughly 115% above 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)

$750,000· $833/ft²

For sale

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Full Cost Breakdown

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Down Payment6.67% · $50,000

Min 6.67%50%

Mortgage payment$3,881/mo

↳ CMHC premium ($28,000 capitalized)

Property tax (est.)$60/mo

Total monthly$3,941

Cash Needed to Close

Down payment (6.67%)$50,000

Land transfer tax$11,475

Est. closing costs$4,750

Total cash needed$66,225

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