$549,000

For sale

62 Ottawa Street, South Algonquin - Single Family for Sale

62 Ottawa Street, South Algonquin, Ontario, K0J2M0

4 beds2 baths4 parking64 × 182 ft (11,550 sq ft) lot sizeListed 125 days ago

Overview

This 4-bedroom, 2-bathroom home in South Algonquin is for sale. It has been on the market 125 days, fresher than the South Algonquin average of 148 days.

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Description

Waterfront 5 Reasons You'll Want This Fully $$$ renovated, year-round four-season home on Galeairy Lake.: 1. Walk to Everything - Perfect for Retirement or Small-Town Living. Grocery store, LCBO, and post office all within 300 metres. Ditch the car, embrace the easy pace of small-town life - with a main-floor bedroom in place. 2. True Waterfront, All Four Seasons. Swim, paddle, boat, and fish from your own backyard in summer - brand-new 300+ sq ft dock on Galeairy Lake. Ice fishing, snowshoeing, and frozen-lake views in winter. This is a true year-round residence, not just a cottage. 3. Algonquin at Your Doorstep. Just 5 minutes to the East Gate of Ontario's most iconic provincial park. Hiking and canoeing in summer, spectacular fall colours, cross-country skiing and snowmobiling in winter - adventure in every season. 4. Fully Renovated - Move-In Ready. Interior rebuild, new roof, new dock, modern appliances, 4 bedrooms, 2 full bathrooms, and a huge 600+ sq ft deck. Nothing to do but enjoy. 5. Income Potential - 365 Days a Year. High-demand Algonquin gateway location means strong vacation rental income in every season, not just summer. Live in it, rent it, or both. A rare turnkey, year-round waterfront opportunity. Your lake life starts here - every season of the year. (id:66096)

Property Details

MLS®: X13513134
Property Type: Single Family
Zoning: RESIDENTIAL
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 4
Lot Size: 64 × 182 ft (11,550 sq ft)
Frontage: 64 ft
Storeys: 2
Basement: Walk out, N/A
Heating: Forced air, Propane
Cooling: None
Garage: Detached Garage, Garage
Waterfront: Yes
Ownership: Freehold
Property Tax: $3,000/yr
Listed

Rooms

Ground level

Family room: 4 x 4 meters
Dining room: 4 x 4 meters
Bedroom: 4 x 4 meters
Sunroom: 4 x 4 meters

Second level

Bedroom 2: 4 x 4 meters
Bedroom 3: 4 x 4 meters
Bedroom 4: 4 x 4 meters

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

Features

Appliances: Water meter
Foundation: Poured Concrete
Exterior: Aluminum siding, Brick Facing

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

125d

South Algonquin listings, avg age

148d

List price

$549K

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.

Haho

This 4-bed single family in South Algonquin has been listed for 125 days, which is 23 days fresher than the city average of 148. Act while there is still low competition.

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Listed by BAY STREET INTEGRITY REALTY INC. · ALVA TANG

Area context

Neighbourhood profile (K0J)

This home lists at $549,000, about 7.2× the local median household income of $76,000.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 41% above the area median.

Median household income: $76,000
Population: 34,322
Median age: 52.4
Owner / renter: 87% / 13%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K0J)

$549,000

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$250/mo

Total monthly$3,128

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$7,455

Est. closing costs$4,147

Total cash needed$41,502

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