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75 Silver Point Drive, Seguin, ON P2A 2W8

2 beds · 1 bath · 1 kitchen · 7 rooms · 4 parking spaces · 1500-2000 sq ft · Detached
$1,095,000
Property tax
$4,097 / year

Welcome to 75 Silver Point Drive on sought-after Silver Lake in Seguin Township - 1.94 acres, 348 feet of pristine sandy waterfront, and a property loaded with potential.The main floor delivers exactly what cottage country buyers are looking for: a bright, spacious layout with large windows framing unobstructed lake views at every turn. Two bedrooms, a full bath, and a living area that makes the most of the natural light and setting.The real opportunity here is below grade. The unfinished basement offers substantial additional living space with a roughed-in half bath already in place - the groundwork is done, the vision is yours. Whether you're looking to add bedrooms, a rec room, or a second bathroom, the infrastructure is ready to go.Outside, 348 feet of sandy shoreline sets this property apart. Flat, swimmable, and rare at this price point on a lake of this calibre. This is an exceptional entry point for a waterfront property of this size and frontage in cottage country. Add your finishing touches and watch the value follow.

MLS number
X12927730
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
P2A 2W8
Photos
33
169days · this listing
169days · 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 599 people.

$85,000Median household income
87.5%Own their home
97.9%Detached houses
46.8Median age
8.3%Born outside Canada
15.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490225 — the few blocks around this address, home to 599 people. It describes the area, not this property.

599Population
43.8Average age
2.5Household size
$88,000Average household income
$85,000Median household income
88%Own their home
13%Rent
0%Condominiums
8%Born outside Canada
16%University degree
$496,000Average home value
6%Low income
60%Not in the labour force
19%Never married
Under $5,0001%
$30,000 to $34,9991%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9991%
$50,000 to $59,9996%
$60,000 to $69,9997%
$70,000 to $79,9997%
$80,000 to $89,9994%
$90,000 to $99,9993%
$100,000 and over31%
$100,000 to $124,99912%
$125,000 to $149,9999%
$150,000 to $199,9996%
$200,000 and over3%

Percentages are of the 335 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.

$219,000 · minimum here is $84,500
$4,848.42per month
Borrowed before insurance$876,000
Total borrowed$876,000
Interest over 25 years at 4.5%$578,527

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.

-$3,364.84per month out of pocket
Rent$1,825.00
Everything it costs to hold$5,189.84
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 Revel Realty Inc. Listing data provided by the Toronto Regional Real Estate Board.