$349,500
Temagami
12 Lake Temagami Island, Temagami, Ontario, P0H2H0
This 1-bedroom, 1-bathroom home in Temagami is for sale offering roughly 900 sq ft of space. Its $349,500 asking price sits right in line with the $349,500 median in Temagami. It has been on the market 9 days, fresher than the Temagami average of 203 days.
*WATER ACCESS ONLY* Temagami Lake is one of the Premier Northern Ontario fishing lakes some call the the "hidden gem of the North" with roughly 21,000 hectares in size with the average depth of 18 meters with spots over 120 meters deep, this oxygen rich environment for cold water species like Lake Trout, Smallmouth Bass, Walleye, Northern Pike and Whitefish for great fishing in any season. Sitting on this lake in the SOUTHERN ARM OF LAKE TEMAGAMI is a private Island approximately .8 acre in size with a natural rock shelf around it and on this island is a 800 sq ft off grid cabin waiting for its next owner who is looking for their own private island adventure This open concept cottage currently has 1 bedroom and a loft area, bathroom with a sink and a compost toilet ( was removed from the bathroom but can be brought back in for use), a great room with kitchen, living room and eating area, a screened porch, outdoor shower, 2 wood stoves for heat on those cooler evenings and hot water on demand. Everything you need for your first trip to the "cabin/cottage" is already onsite as everything there comes with it. With your own private island you have waterfront on all sides of you providing sunrises and sunsets and everything in between. THIS COTTAGE IS WATER ACCESS ONLY, BOTH YOU OR YOUR REALTOR MUST HAVE ACCESS TO PROPER TRANSPORTATION ACROSS THE LAKE IN WHATEVER SEASON YOU ARE LOOKING AT IT. There is plenty of parking at The Hub boat launch. This cottage does have solar panels that provide lights and propane on demand water heater, fridge and stove. Current sellers have enquired about a septic install and do have soil samples already done for a septic permit. Water is drawn from the Lake (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: 9 days on market, against an average age of 203 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 65 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 89.1 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 1-bed single family in Temagami has been listed for 9 days, which is 194 days fresher than the city average of 203. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $349,500, about 4.4× the local median household income of $80,000.
Carrying it typically needs a household income of about $68,270 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P0H)
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