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Lot 5 Baden Plan 54M331, Timiskaming, ON P0K 1M0

2 beds · 1 bath · 1 kitchen · 4 rooms · 700-1100 sq ft · Detached
$249,900
Property tax
$109 / year

An Unorganized Cottage Escape! This charming lake access cottage offers the perfect retreat for nature lovers and families alike. Accessible by Mistinikon Lake, this cottage sits on a 1-acre lot and features three bedrooms and a roughed-in 2-piece bathroom (sink and tub). It has a tin roof, wood stove for heating, and is insulated throughout the main living areas. The screened-in porch offers a bug-free space ideal for summer evenings or potential expansion. A generator hookup ensures reliable power in this remote location. Combining practical amenities with rustic features, this cottage is suitable for seasonal use with potential to upgrade. Note that there is no septic system or well on site.

MLS number
T13013762
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
P0K 1M0
Photos
40
147days · this listing
147days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 268 people.

$67,500Median household income
85.2%Own their home
53.2Median age
4.2%Born outside Canada
4.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35540142 — the few blocks around this address, home to 268 people. It describes the area, not this property.

268Population
47.8Average age
2Household size
$67,500Median household income
85%Own their home
15%Rent
0%Condominiums
4%Born outside Canada
5%University degree
$128,000Average home value
12%Low income
68%Not in the labour force
26%Never married
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9996%
$40,000 to $44,9996%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9996%
$70,000 to $79,9993%
$80,000 to $89,9996%
$90,000 to $99,9993%
$100,000 and over24%
$100,000 to $124,9996%
$125,000 to $149,9996%
$150,000 to $199,9999%
$200,000 and over6%

Percentages are of the 165 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

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

$49,980 · minimum here is $12,495
$1,106.50per month
Borrowed before insurance$199,920
Total borrowed$199,920
Interest over 25 years at 4.5%$132,031

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.

-$698.59per month out of pocket
Rent$417.00
Everything it costs to hold$1,115.59
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 ZIEMINSKI REAL ESTATE INC. Listing data provided by the Toronto Regional Real Estate Board.