$649,000
Parry Sound Remote Area
581 Limberlost Point Road, Parry Sound Remote Area (Restoule), Ontario, P0H2R0
This 3-bedroom, 1-bathroom home in Parry Sound Remote Area is for sale offering roughly 1,300 sq ft of space. Listed at $649,000, it is attractively priced about 32% below the $949,900 median asking price in Parry Sound Remote Area. It has been on the market 18 days, fresher than the Parry Sound Remote Area average of 105 days.
TURNKEY WATERFRONT RETREAT ON BEAUTIFUL COMMANDA LAKE WITH EXCELLENT RENTAL POTENTIAL! Nestled on over 2 acres of beautifully treed, park-like property with 177 feet of clean waterfront, this charming 4-season cottage offers exceptional privacy, family enjoyment and investment opportunity. Located in an Unorganized Township, offering lower property taxes and greater flexibility for short-term rentals without municipal rental licensing restrictions. With a proven history as a successful 4-season vacation rental, this property is being sold fully furnished and equipped, including a pontoon boat with motor and trailer, kayaks, stand-up paddleboard and paddle boat - a truly turnkey opportunity! Commanda Lake is a wonderful family-friendly lake offering excellent fishing, swimming, boating and endless summer fun. The cottage features 3 bedrooms, 1 bathroom, a spacious living room with vaulted ceiling, cozy Napoleon wood-burning fireplace insert and beautiful lake views. The updated eat-in kitchen with centre island is perfect for entertaining. Enjoy the spectacular 48' x 12' waterfront deck, additional 30' x 16' rear deck, 8' x 40' dock system and swim platform. Recent improvements include a new heat pump and furnace, hot water tank, pressure tank, updated patio doors, new docking system and upgraded circular driveway. The expansive, mature treed lot provides outstanding privacy and plenty of room for outdoor activities. Whether you're looking for a turnkey waterfront rental investment, family cottage or year-round home, this Commanda Lake property offers an exceptional combination of space, privacy, recreation and potential! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 18 days on market, against an average age of 105 days across the listings currently for sale in this city
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.
This 3-bed single family in Parry Sound Remote Area (Restoule) has been listed for 18 days, which is 87 days fresher than the city average of 105. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $649,000, about 8.1× the local median household income of $80,000.
Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0H)
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