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$399,900
The Archipelago
94 CRANE LAKE W/A, The Archipelago (Archipelago South), Ontario, P2A0B7
This 3-bedroom, 1-bathroom home in The Archipelago is for sale offering roughly 350 sq ft of space. It has been on the market 70 days, fresher than the The Archipelago average of 110 days.
Affordable south-facing waterfront opportunity on beautiful Crane Lake! This is truly one of the prettiest settings on the lake, enjoying full-day sun, wide-open vistas and views toward a striking point of exposed Canadian Shield rock on the adjoining Crown land. Offered primarily for its land and waterfront value, this private boat-access property is tucked into the end of a small, peaceful bay. As per MPAC, it encompasses approximately 1.28 acres with 175 feet of frontage. The land is level around the cottage and slopes upward behind, with mature trees providing excellent privacy. It abuts Crown land on one side, while the only neighbouring cottage is barely visible through the trees. The waterfront offers a hard-sand, shallow entry with deeper water at the end of the dock. The existing three-bedroom seasonal cottage requires substantial repair and includes an open-concept kitchen/living area, partial bathroom, wood stove, vaulted ceilings, front and side decks, an older shed and outhouse. Restore the cottage or explore rebuilding, subject to approvals. Crane Lake offers miles of varied shoreline, extensive Crown land and excellent fishing, boating and paddling, with access to Blackstone Lake through the Blackstone River. Possible road access may be available behind the property for a fee, subject to confirmation. (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.
Long Listed: 70 days on market, against an average age of 110 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 103 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 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 3-bed single family in The Archipelago (Archipelago South) has been listed for 70 days, which is 40 days fresher than the city average of 110. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $399,900, about 5.4× the local median household income of $73,500.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 6% above the area median.
Source: Statistics Canada, 2021 Census (FSA P2A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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