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8 ISLAND 29C, Carling, ON P0G 1G0

4 beds · 1 bath · 1 kitchen · 9 rooms · 3000-3500 sq ft · Detached
$2,995,000
Property tax
$5,346 / year

Welcome to Invernairn on Georgian Bay. The property consists of almost 12 acres and approximately 2,500 feet of shoreline on Georgian Bay forming the southern peninsula of highly coveted Mowat Island. Built by locally renowned builder Ron Bowman, the family compound features a 4-bedroom main cottage and 3-bedroom guest house both with jaw dropping views overlooking the quiet eastern shoreline of Huckleberry Island including the notable landmark, Hole in the Wall and both on their own septic systems. The main cottage features an open concept with vaulted ceilings and large windows allowing for an abundance of natural light. The centre of the cottage is anchored by a massive floor to ceiling wood burning fireplace constructed from locally quarried granite. Off of the kitchen is a screened sun porch with remarkable views and is a favourite gathering place in the summer - large enough to accommodate family & friends. A wooden boardwalk provides connectivity between the main house and guest house while still allowing for ultimate privacy. The property is heavily treed largely with Jack Pine, Oak and Hemlock. There is a Forest Management Agreement in place on the property thereby assuring significant tax relief. The lush vegetation supports a vibrant bird population, as well as fox and deer. Well groomed trails throughout the property offer opportunities for walking and hiking. A golf cart is employed to transport luggage and supplies from the harbour to the cottages. The property also features a long protected sandy beach, perfect for children and rarely found on Georgian Bay. Mowat Island has tremendous history and was originally home to a grand Georgian Bay Hotel operating during the late 1800's in the peak of passenger steamships. Now the property is spotted from large cruise ships sailing the Great Lakes & beyond.

MLS number
X12947810
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
1
Postal code
P0G 1G0
Photos
45
Laundry
Not in the unit
164days · 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

Where this address sits, matched against open government data.

Matched to a published address point for this address.

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 648 people.

$95,000Median household income
100%Own their home
96.7%Detached houses
57.2Median age
8.4%Born outside Canada
24.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490231 — the few blocks around this address, home to 648 people. It describes the area, not this property.

648Population
51.3Average age
2.2Household size
$122,000Average household income
$95,000Median household income
100%Own their home
0%Rent
0%Condominiums
8%Born outside Canada
25%University degree
$645,000Average home value
9%Low income
88%Not in the labour force
13%Never married
$20,000 to $24,9992%
$25,000 to $29,9992%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9992%
$50,000 to $59,9995%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9993%
$90,000 to $99,9992%
$100,000 and over34%
$100,000 to $124,9999%
$125,000 to $149,9996%
$150,000 to $199,9998%
$200,000 and over10%

Percentages are of the 430 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.

$599,000 · minimum here is $599,000
$13,261.21per month
Borrowed before insurance$2,396,000
Total borrowed$2,396,000
Interest over 25 years at 4.5%$1,582,364

If you rented it out

-$13,706.71per month out of pocket
Rent$0.00
Everything it costs to hold$13,706.71
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 Engel & Volkers Parry Sound. Listing data provided by the Toronto Regional Real Estate Board.