$799,000

For sale

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758 Island, Temagami - Single Family for Sale

758 Island, Temagami, Ontario, P0H2H0

3 beds2 baths0 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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$799,000

Temagami

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Description

Lake Temagami Four Season Retreat. Your wait is over,the Cottage of your dreams on Lake Temagami is available. Three bedrooms ,two baths , large kitchen, open living dining and recreation room with a screened in porch across the entire front of the cottage. Set amongst mature pines and facing south with an open view for miles you will truly find privacy and tranquility on these 2.6 acres with over 400 feet of shoreline. Two bunkies will help with the overflow or give the kids their own cabin close to the waters edge. Deep water at the shore makes docking a breeze with swimming , diving and all water activities a true pleasure. Call for a viewing appointment before you miss this 4 season gem. ** This is a linked property.** (id:66096)

Property Details

MLS®: X13413882
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 0
Lot Size: 420 × 260 ft (2.50 acres)
Frontage: 420 ft
Storeys: 1
Basement: Crawl space
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax: $6,339.38/yr
Listed: 149 days ago

Rooms

Main level

Living room: 4.3 x 2.1 meters
Bedroom 2: 4.6 x 3 meters
Kitchen: 4.9 x 3.6 meters
Laundry room: 3.2 x 2.4 meters
Family room: 5.5 x 4.3 meters
Bathroom: 2 x 2.5 meters
Sunroom: 13.4 x 2.7 meters

Second level

Bedroom: 6 x 3.3 meters
Bedroom 3: 3.6 x 3.3 meters
Bathroom: 3.3 x 2.7 meters

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

Market Timing

Days on market

149d

Temagami listings, avg age

203d

List price

$799K

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 $799,000, about 10.0× the local median household income of $80,000.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 95% 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)

$799,000

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,900

Min 6.87%50%

Mortgage payment$4,125/mo

↳ CMHC premium ($29,764 capitalized)

Property tax (est.)$528/mo

Total monthly$4,654

Cash Needed to Close

Down payment (6.87%)$54,900

Land transfer tax$12,455

Est. closing costs$4,897

Total cash needed$72,252

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

758 Island, Temagami - Single Family for Sale

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Description

Property Details

Rooms

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Market Timing

Location

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Neighbourhood profile (P0H)

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