$499,888

For sale

146 Thanet Lake Road, Wollaston - Single Family for Sale

146 Thanet Lake Road, Wollaston, Ontario, K0L1W0

3 beds1 bath10 parking900 ft²1722 × 1071 ft (42.33 acres) lot sizeListed 248 days ago

Overview

This 3-bedroom, 1-bathroom home in Wollaston is for sale offering roughly 900 sq ft of space. Listed at $499,888, it is attractively priced about 20% below the $625,000 median asking price in Wollaston.

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Description

FREEHOLD 55-ACRE FAMILY COMPOUND & HOMESTEAD - THANET LAKE WATERFRONT with 500+ ft of water frontage. 55 acres of privacy. Two hours from the GTA. This is a rare, fully operational rural property offering multi-generational living, self-sufficient infrastructure, and exceptional recreational access - all in one established package. PRIMARY HOME: Fully winterized 3-bedroom open-concept residence. 3 sources of heating with Propane+Wood stove + Electric Mini-split. Updated kitchen and bath. High-speed Starlink internet. 200-ft drilled well with UV treatment. Full septic. SECOND DWELLING: Independent 2-bedroom mobile home with its own hydro meter and private road access which is not in use and a great value add with renovations/replacement required for future income or multi gen/ potential. ADDITIONAL STRUCTURES: 28-ft trailer with 3-piece bath. Large Quonset workshop/garage. Wood storage barn with substantial firewood supply. Greenhouse. Garden beds. Small storage sheds. LAND & WATER: Semi-private canoe/kayak launch to Thanet Lake. Maple forest with full syrup-production equipment included. Four separate lot access points. Triple-wide gravel driveway.SEVERANCE POTENTIAL: Municipality has indicated willingness to consider severance application - buyer to submit drawings and fees. Year-round municipal road access and year round living. BMO offers standard mortgages for Freehold Mobile Homes - this is NOT ON leased land. (id:66096)

Property Details

MLS®: X12831952
Property Type: Single Family
Zoning: SR
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 10
Interior Size: 900 ft²
Lot Size: 1722 × 1071 ft (42.33 acres)
Frontage: 1,722 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Propane, Other
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Property Tax

Rooms

Flat

Primary Bedroom: 2.46 x 3.45 meters
Bedroom 2: 2.24 x 2.52 meters
Bedroom 3: 2.25 x 3.45 meters
Bathroom: 2.22 x 2.52 meters
Kitchen: 3.35 x 3.45 meters
Living room: 3.91 x 3.45 meters

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

Features

Appliances: All, Water Treatment, Window Coverings, Water Heater
Foundation: Block, Poured Concrete
Exterior: Vinyl siding
Lot Features: Irregular lot size, Guest Suite

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Sewer, Electricity, Cable, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

248d

Wollaston listings, avg age

92d

Price / ft²

$555

List price

$500K

Homes here sell below asking price

Homes in this market sold for an average of 93.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Wollaston is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by EXP REALTY · NATHAN LOGANATHAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0L)

This home lists at $499,888, about 6.3× the local median household income of $79,000.

Carrying it typically needs a household income of about $97,646 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.

Median household income: $79,000
Population: 78,142
Median age: 54
Owner / renter: 88% / 12%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA K0L)

$499,888· $555/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,994.40

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$113/mo

Total monthly$2,746

Cash Needed to Close

Down payment (5%)$24,994

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,467

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