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File 227 North Spirit Lake, Kenora, ON P0V 2G0

Land
$180,000

Surrounded by pristine waters and lush landscapes, your own secluded paradise offers unparalleled privacy and an immersive experience with nature.North Spirit Lake is located 110 miles North of Red Lake, Ontario and is accessible by plane only.Canada's lakes are known for bountiful populations of large northern and walleye.North Spirit Lake, only accessible by plane, is where these species grow to trophy size.As one of only a few lucky property owners you will experience the fight and fun of these magnificent creatures firsthand in the almost virgin waters of North Spirit Lake.This is a unique opportunity the own a private island in the remote section of Northwestern Ontario, Canada, where you cab build your dream fishing camp. The peninsula is 69.2 acres in size and has 1.4 km or 0.87 miles of lake frontage.Based on topographical maps the property raises 10 meters or 33 feet about the shoreline.The South end of the property neighbors a 112 meter of 367 feet long sandy beach.The property is in a remote UNORGANIZED area of Northern Ontario where access is via float plane that would land on North Spirit Lake or wheeled plane to a small airport.The island is wooded, pretty well, down to the waterfront.There are NO SERVICES to the island.Power would come from solar, wind, propane or a combination of all or some of these choices.All building materials would have to be brought in on the ice roads over the winter months, then by boat to the property.

MLS number
X12690844
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P0V 2G0
Photos
9
245days · 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

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

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$36,000 · minimum here is $9,000
$797.00per month
Borrowed before insurance$144,000
Total borrowed$144,000
Interest over 25 years at 4.5%$95,100

If you rented it out

-$797.00per month out of pocket
Rent$0.00
Everything it costs to hold$797.00
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 HOMELIFE OPTIMUM REALTY. Listing data provided by the Toronto Regional Real Estate Board.