$499,000
Rainy River Remote Area
Lot 3 Ivall Drive, Rainy River Remote Area, Ontario, P0W1L0
This 3-bedroom, 2-bathroom home in Rainy River Remote Area is for sale offering roughly 1,300 sq ft of space. Listed at $499,000, it is attractively priced about 38% below the $799,900 median asking price in Rainy River Remote Area.
Located on Lake of the Woods, just a twenty-five-minute drive from Rainy River, approximately one hour and twenty-five minutes from Fort Frances, this 1.52-acre waterfront property offers an excellent combination of comfort, convenience, and lakefront setting. With 170.6 feet of shoreline, a wide view over the lake, and drive-to-the-door access, this is an easy property to use and enjoy. The 1,276 sq. ft. log cabin was built in 2016 and features three bedrooms and two bathrooms. Built close to the lake, the cabin takes full advantage of its setting, with the sound of the water nearby and an incredible view across Lake of the Woods. The open-concept kitchen, dining, and living area is warm and inviting, with a wood-burning stove, plenty of natural light, and large windows that bring the lake view into the main living space. Practical features add significant value and make the property well-suited for extended-season or year-round use. The cabin is built on a slab with in-floor heat supplied by a propane-fired boiler, and the water line is heat-traced. There is a certified septic system and a drilled well, providing important infrastructure that is often difficult and expensive to add to waterfront property. The shoreline and site offer good potential for creating a private boat launch, or you can launch nearby at Harris Hill Resort, less than a 10-minute drive away. Whether you are looking for a comfortable Lake of the Woods retreat, a convenient border-area getaway, or a well-built waterfront cabin with year-round usability, Lot 3 Ivall Drive is a property worth seeing. Services include: Electricity from a propane-powered Yamaha generator. 100-amp electrical panel. Water is drawn from a drilled well. The water system is set up for year-round use. Heat is provided by in-floor heating from a propane-fired boiler and a wood-burning stove. Certified septic system. All appliances, bed, furniture, tools and the generator are included. (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.
Long Listed: 140 days on market, against an average age of 113 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 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 94.1 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 Rainy River Remote Area is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $499,000, about 6.5× the local median household income of $76,500.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 27% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0W)
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