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.

1020 BIRCH GLEN Road, Lake of Bays, ON P0B 1A0

Investment
$3,995,000

OPPORTUNITY KNOCKS - Right here on Lake of Bays at The Landscapes. This fractional ownership property includes a variety of luxurious 2 bedroom and 3 bedroom cottage units. Phase 1, 2 & 3 owners, along with their families, guests and/or renters are already enjoying this highly sought after property with amenities including: clubhouse, boathouse, recreation complex, boardwalk & docking facilities, tennis/sports court, hot tub, swimming pool & splash pad, 2 sand beaches, with cabana & swim raft - and all set on 1,150 feet of waterfront in the coveted Lake of Bays region of Muskoka. As a developer, note that The Landscapes entire 20.5 acre waterfront property is development approved to build an additional 44 units - the next phase is waiting for you to build and take advantage of the resultant revenue for these 440 new intervals. This development is also currently serviced by a modern municipal water & sewer treatment plant. Ideally located within walking distance to town centre, only 2 hours north of Toronto and 25 minutes from the Muskoka Airport. ** Note - this is one of four total offerings - also available: bulk purchase of 12 intervals (MLS#13021834), the adjacent Baysville Shores mixed-use development property (MLS#X13021772), and another separately deeded 1-acre, 210 foot key development waterfront parcel (MLS#13021792). ** Call today for more information and to arrange for your personal property tour.

MLS number
X13021806
Type
Investment
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P0B 1A0
Photos
14
Property tax
$100,000 / year
149days · 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 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 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 593 people.

$82,000Median household income
85.2%Own their home
94.6%Detached houses
56.8Median age
11.1%Born outside Canada
26.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440247 — the few blocks around this address, home to 593 people. It describes the area, not this property.

593Population
49.9Average age
2.1Household size
$104,000Average household income
$82,000Median household income
85%Own their home
15%Rent
0%Condominiums
11%Born outside Canada
26%University degree
$1,060,000Average home value
10%Low income
98%Not in the labour force
18%Never married
$15,000 to $19,9993%
$20,000 to $24,9993%
$25,000 to $29,9994%
$30,000 to $34,9991%
$35,000 to $39,9993%
$45,000 to $49,9993%
$50,000 to $59,9998%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over29%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9996%
$200,000 and over8%

Percentages are of the 385 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.

$799,000 · minimum here is $799,000
$17,689.00per month
Borrowed before insurance$3,196,000
Total borrowed$3,196,000
Interest over 25 years at 4.5%$2,110,699

If you rented it out

-$26,022.33per month out of pocket
Rent$0.00
Everything it costs to hold$26,022.33
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 Chestnut Park Real Estate. Listing data provided by the Toronto Regional Real Estate Board.