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152 Farlain Lake Road E Cottage, Tiny, ON L9M 0B5

3+1 beds · 2 baths · 1+1 kitchens · 5+4 rooms · 3 parking spaces · 1100-1500 sq ft · Other
$999,000
Property tax
$3,659 / year

Recent total renovation. Two large decks that look westward over the lake and take in stunning sunsets. Everything has been re-done. The kitchen is gorgeous with a centre island and picture windows overlooking the lake. Vaulted ceilings add to the open feeling of this floor. The living room is open concept to the kitchen and has a wood burning stove in the corner. Sliding doors walk out to the large front deck overlooking the lake. The deck allows for a large seating area with a coffee table, barbeque area and a large dining area. The upper level has 3 bedrooms and a beautifully renovated 4 pc bathroom. The lower level has great ceiling height, a kitchen area with bar sink and wine cooler. There is an eat in area and it is open to the large recreation room. This level has large windows and a walkout direct to the large, lower deck. The lower deck connects to the upper deck with a staircase and also walks down to the beach. Don't miss the outdoor shower! There is another bedroom in the lower area along with a laundry room and stunning 4 pc bathroom. Only minute from Penetanguishene. 150 Farlain are available as well, if you wanted a family compound. There is a short video attached to the listing that you can view as well! listing information

MLS number
S13061432
Type
Other
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
L9M 0B5
Photos
17
136days · this listing
351days · this property (4 listings)

This home has been listed 4 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

351 days on the market across 4 listings
This listing shows 136 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this home is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$199,800 · minimum here is $74,900
$4,423.36per month
Borrowed before insurance$799,200
Total borrowed$799,200
Interest over 25 years at 4.5%$527,807

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$3,063.27per month out of pocket
Rent$1,665.00
Everything it costs to hold$4,728.27
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by BOSLEY REAL ESTATE LTD.. Listing data provided by the Toronto Regional Real Estate Board.