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$654,900
Temagami
5065 Highway 11 North, Temagami, Ontario, P1B8G3
This 4-bedroom, 2-bathroom home in Temagami is for sale offering roughly 1,750 sq ft of space. It has been on the market 64 days, fresher than the Temagami average of 203 days.
Welcome to an exceptional opportunity on beautiful Hornet Lake, where waterfront living, privacy and income potential come together on one impressive property. The main residence offers four bedrooms, two bathrooms, multiple fireplaces updated to propane, multi-tiered decks and plenty of space to enjoy life at the lake. For investors, multi-generational families or buyers looking to supplement their income, the property offers outstanding flexibility with **two separate rentable cabins, plus an apartment above the garage**. One cabin features two bedrooms, a living room and kitchen with its own holding tank, providing comfortable independent accommodations. With over **400 feet of waterfront**, docking, floating rafts, trails and excellent fishing, the property is designed for both relaxation and recreation. Additional features include a two-car garage, workshop, newer septic system (2018), newer windows on the east side of the main residence. Whether envisioned as a private waterfront retreat, a multi-generational property or an investment with multiple potential income streams, Hornet Lake offers possibilities that are difficult to replicate. Explore the property, watch the video and imagine what you could create here. Must be seen to fully appreciate the setting, versatility and opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 64 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 4-bed single family in Temagami has been listed for 64 days, which is 139 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 $654,900, about 9.9× the local median household income of $66,000.
Carrying it typically needs a household income of about $127,925 (20% down, 25-yr amortization, stress-tested) — roughly 94% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1B)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice