Homula Realty Brokerage
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5096 Island 865, Georgian Bay, ON L0K 1S0

2 beds · 1 bath · 1 kitchen · 5 rooms · < 700 sq ft · Detached
$549,000
Property tax
$1,956 / year

Welcome to your dream escape just 1 hour and 40 minutes from the GTA and a quick 2-minute boat ride from the marina. This well-maintained, boat-access cottage is set on a private and picturesque 0.674-acre lot with 138 feet of pristine waterfront on a quiet bay, offering the perfect blend of tranquility, comfort, and adventure. The charming 2-bedroom cottage features a bright and airy open-concept layout, enhanced by vaulted ceilings and tasteful décor throughout. The living room is warmed by a fireplace with airtight insert, and the kitchen with dining area is ideal for gathering with family and friends. Laminate flooring in the kitchen and living room adds to the cottages clean, updated feel, while a 3-piece bathroom ensures all the essentials are covered. Step outside to a spacious deck that overlooks the sparkling water, ideal for morning coffee, afternoon lounging, or evening cocktails with a sunset view. A large dock with deep water offers excellent swimming and boating access, while a sandy beach area along the shore is perfect for children and pets to play. As the sun sets, gather around the fire pit overlooking the bay and soak in the serene views and golden light dancing on the water. An 8' x 12' Bunkie adds extra accommodation space for guests, making this property a wonderful option for hosting weekend getaways or summer holidays. Whether you're looking for a peaceful place to recharge or a lakeside hub for fun-filled days on the water, this turnkey property delivers an unforgettable cottage experience. Accessible, inviting, and fully ready for the season, this is your opportunity to own a slice of waterfront paradise.

MLS number
X12201351
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
L0K 1S0
Photos
35
Laundry
Not in the unit
463days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property 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 1,155 people.

$92,000Median household income
94.3%Own their home
98.1%Detached houses
59.2Median age
11.9%Born outside Canada
24.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440275 — the few blocks around this address, home to 1,155 people. It describes the area, not this property.

1,155Population
53.4Average age
2.1Household size
$147,000Average household income
$92,000Median household income
94%Own their home
6%Rent
3%Condominiums
12%Born outside Canada
25%University degree
$988,000Average home value
11%Low income
100%Not in the labour force
18%Never married
Under $5,0001%
$5,000 to $9,9991%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9995%
$100,000 and over30%
$100,000 to $124,9997%
$125,000 to $149,9995%
$150,000 to $199,9998%
$200,000 and over10%

Percentages are of the 790 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.

$109,800 · minimum here is $29,900
$2,430.85per month
Borrowed before insurance$439,200
Total borrowed$439,200
Interest over 25 years at 4.5%$290,056

If you rented it out

-$2,593.85per month out of pocket
Rent$0.00
Everything it costs to hold$2,593.85
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 Sotheby's International Realty Canada. Listing data provided by the Toronto Regional Real Estate Board.