$295,000
South Algonquin
50 Cache Lake APL1322, South Algonquin, Ontario, P0A1H0
This 2-bedroom home in South Algonquin is for sale offering roughly 900 sq ft of space. Listed at $295,000, it is attractively priced about 38% below the $479,000 median asking price in South Algonquin. It has been on the market 98 days, fresher than the South Algonquin average of 148 days.
Come explore the islands & bays of Algonquin Park's Cache Lake at this off-grid, rustic leasehold. Park at the landing, jump in your boat (max 20Hp)or canoe & leave the world behind as you head down the lake to your private getaway. After a complete loss to fire, the buildings at this lease were built new in 2009 & include a main cottage, bunkie & storage building plus an outhouse w/ composting toilet. One room main cottage currently set up as large kitchen/dining area with wood cookstove & sleeping area. 3 French doors open onto a massive screened porch overlooking the lake, the ultimate relaxation spot. Large bunkie also has a great covered porch ready for screening and 8x12 storage building is handy for all your tools & gear. Large dock needs to be repaired/replaced. Lease site is surrounded by Crown Land with your only neighbours being across the bay or around the point. Cache Lk offers endless exploration, a friendly community with annual regatta, girls' summer camp, Bartlett Lodge if you're in the mood to boat over for some fine dining & multiple options to begin your backcountry trip in the Park's interior. Take advantage of nearby Canisbay/Lake of Two Rivers campgrounds' amenities. Follow the moose trails onto Crown Land behind the cottage for daytripping adventures to beaver dams, a moose bog, etc. All buildings here are bright yet cozy with plenty of windows & vaulted ceilings & each has its own deck (cottage deck will be replaced by the seller) . Sloping site, open grassy areas, towering pines & hemlocks & hardwood forest at the rear. Swimming is natural at the shoreline & about 12' off the dock. Summers on Cache are where lifetime memories will be made enjoying nature & keeping it simple. Current lease through 2038. 2026 fees $12,195 & fees for the next 5 years are $4418/yr+$500 service fee. Comes with all contents including boat/motor, canoes, tools & much more. Love the Park? Here's your chance to own your own spot in this beautiful wilderness. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 98 days on market, against an average age of 148 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 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 93.9 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 2-bed single family in South Algonquin has been listed for 98 days, which is 50 days fresher than the city average of 148. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $295,000, about 4.3× the local median household income of $68,000.
Carrying it typically needs a household income of about $57,624 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0A)
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