$550,000

For sale

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3 Sallows Drive, Tay - Single Family for Sale

3 Sallows Drive, Tay, Ontario, L0K2A0

5 beds1 bath2 parking ft²

5 Bourgeois Beach Road, Tay (Victoria Harbour), Ontario, L0K2A0

4 bd2 ba3 pk1,300 ft²Lot size 50 × 150 ft (7,500 sq ft)

461 Barnes Avenue, Tay (Port McNicoll), Ontario, L0K1R0

5 bd2 ba7 pk1,300 ft²Lot size 75 × 114 ft (8,543 sq ft)

Listed by RE/MAX CROSSTOWN REALTY INC.

244/250 Dignard Avenue, Tay (Port McNicoll), Ontario, L0K1R0

For saleJust listed

Yesterday

$555K

244/250 Dignard Avenue, Tay (Port McNicoll), Ontario, L0K1R0

2 bd1 ba3 pk900 ft²Lot size 58 × 141 ft (8,139 sq ft)

Listed by FARIS TEAM REAL ESTATE BROKERAGE

4209 Hogg Valley Road, Tay, Ontario, L0K2A0

For saleJust listed

Yesterday

$775K

4209 Hogg Valley Road, Tay, Ontario, L0K2A0

4 bd2 ba15 pk1,750 ft²Lot size 150 × 250 ft (37,500 sq ft)

Listed by Keller Williams Experience Realty

Investment analysis

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$550,000

Tay

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60 × 140 ft (8,400 sq ft) lot size

Overview

This 5-bedroom, 1-bathroom home in Tay is for sale offering roughly 1,300 sq ft of space. Listed at $550,000, it is attractively priced about 18% below the $669,900 median asking price in Tay. It has been on the market 55 days, fresher than the Tay average of 81 days.

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Description

Tucked away at the very end of Sallows Drive, this private property offers approximately 60 feet of east-facing Georgian Bay waterfront on a 60.64-by-140-foot lot. Wake up to beautiful morning sunrises and enjoy a rocky, shallow shoreline in a peaceful setting. The existing five-bedroom cottage is ready for its next chapter, inviting buyers with vision to reimagine the current space or explore the possibility of building their dream home or cottage retreat, subject to the appropriate approvals. With year-round road access, Queen's Cove Marina nearby and the GTA approximately 90 minutes away, this is a unique waterfront opportunity filled with potential. (id:66096)

Property Details

MLS®: S13769174
Property Type: Single Family
Zoning: RS
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 1
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 60 × 140 ft (8,400 sq ft)
Frontage: 60 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Property Tax: $2,543.43/yr
Listed: 55 days ago

Rooms

Main level

Kitchen: 8.86 x 2.19 meters
Living room: 8.86 x 4.56 meters
Bedroom: 3.38 x 2.41 meters
Bedroom 2: 2.47 x 2.16 meters
Bedroom 3: 3.51 x 2.62 meters
Bedroom 4: 3.76 x 2.32 meters
Bedroom 5: 2.71 x 2.18 meters

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

Features

Appliances: Refrigerator, Water Heater
Foundation: Wood/Piers
Exterior: Wood
Lot Features: Cul-de-sac

Services

Water: Lake/River Water Intake

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Tay listings, avg age

81d

Price / ft²

$423

List price

$550K

Haho

This 5-bed single family in Tay has been listed for 55 days, which is 26 days fresher than the city average of 81. Act while there is still low competition.

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Listed by RE/MAX CROSSTOWN REALTY INC. · JENNIFER LEE MCCARROLL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0K)

This home lists at $550,000, about 6.3× the local median household income of $88,000.

Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 22% above the area median.

Median household income: $88,000
Population: 38,386
Median age: 50.8
Owner / renter: 90% / 11%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L0K)

$550,000· $423/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$212/mo

Total monthly$3,095

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$7,475

Est. closing costs$4,150

Total cash needed$41,625

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