$699,000

For sale

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2 ISLAND 939, Temagami - Single Family for Sale

2 ISLAND 939, Temagami, Ontario, P0H2H0

2 beds1 bath0 parking lot size

12 Lake Temagami Island, Temagami, Ontario, P0H2H0

1 bd1 ba900 ft²Lot size 16 × 46 ft (751 sq ft)

Listed by RE/MAX RIGHT MOVE

For sale

21 days ago

$160K

Temagami, Ontario, P0H2H0

3 bd1 ba900 ft²

Listed by REVEL REALTY INC., BROKERAGE

291 Fox Drive, Temagami, Ontario, P0H2H0

For sale

27 days ago

$2.95M

291 Fox Drive, Temagami, Ontario, P0H2H0

3 bd3 ba23 pk4,250 ft²

Listed by Royal LePage Northern Life Realty, Brokerage

6455 Highway 11 North, Temagami, Ontario, P0H2H0

For sale

44 days ago

$700K

6455 Highway 11 North, Temagami, Ontario, P0H2H0

4 bd4 ba43 pk2,750 ft²

Listed by Century 21 Blue Sky Region Realty Inc., Brokerage

Investment analysis

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$699,000

Temagami

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Description

Lake Temagami Private Island. Nestled away in the South Arm this four season cottage may be just what you are looking for. Level ground covered in mature pine and cedar accent the serenity of the two bedroom main cottage and three guest cottages. There is deep and shallow water docking and swimming including sandy bottom , a rare find on Temagami. Three different docks means you never have to worry which way the wind is blowing. First time offered in over fifty years you will feel the true cottage spirit in all that this property has to offer. Call today for further details or to make a viewing appointment. (id:66096)

Property Details

MLS®: X13110454
Property Type: Single Family
Zoning: R2
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 0
Lot Size: 1004 × 300 ft (6.91 acres)
Frontage: 1,004 ft
Basement: Unfinished, Full
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership: Freehold
Property Tax: $4,000/yr
Listed: 177 days ago

Market Timing

Days on market

177d

Temagami listings, avg age

203d

List price

$699K

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.

Area context

Neighbourhood profile (P0H)

This home lists at $699,000, about 8.7× the local median household income of $80,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 71% above the area median.

Median household income: $80,000
Population: 31,909
Median age: 50.8
Owner / renter: 87% / 14%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA P0H)

$699,000

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$333/mo

Total monthly$3,960

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$10,455

Est. closing costs$4,597

Total cash needed$59,952

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

2 ISLAND 939, Temagami - Single Family for Sale

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