Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

1179 Spring Lake Road, Parry Sound Remote Area, ON P0A 1X0

2 beds · 1 bath · 1 kitchen · 6 rooms · 12 parking spaces · 700-1100 sq ft · Laundry on the main level level · Rural Residential
$750,000
Property tax
$722 / year

Nestled in the beautiful Almaguin Highlands on Spring Lake, located in the unorganized Township of Lount, this year round build has been completely renovated from top to bottom in 2021. The lake is spring fed, very clean, and approximately 70% crown land, with public access just down the road. The home/cottage is 2" x 6" construction, with 12" floors, new roof, insulation package, new electrical, plumbing, and full septic system for a 3 bedroom home. The home/cottage is complete with a dug well, and a cottage water supply system with UV, filters, and back-up heated line. Open concept living with living/dining area, 2 walkouts to large 11' x 32' deck, custom kitchen w/granite counter tops, 2 bedrooms, 4 pc bath, and foyer with stackable washer & dryer. For your guests there is a charming 12' x 16' Bunkie that would comfortably sleep 6. The property has a serene feel where you can sit back and relax on the deck overlooking the lake or on the dock taking in the sounds of the water and the calm of nature. Plenty of storage as well for your toys with the insulated 20' x 26' metal garage on concrete slab and 2 storage sheds. Added features include a large dock, boatlift, hard bottom shallow entry shoreline, and back-up generator with GenerLink hook up. This home/cottage is being sold "Turn Key", ready to go to start making lasting memories.

MLS number
X12861864
Type
Rural Residential
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
P0A 1X0
Photos
33
Laundry
Main Level level
188days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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

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

$150,000 · minimum here is $50,000
$3,320.84per month
Borrowed before insurance$600,000
Total borrowed$600,000
Interest over 25 years at 4.5%$396,251

If you rented it out

-$3,381.00per month out of pocket
Rent$0.00
Everything it costs to hold$3,381.00
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 RE/MAX Professionals North. Listing data provided by the Toronto Regional Real Estate Board.