Homula Realty Brokerage
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80 Cedar Lane, Joly, ON P0A 1Z0

3 beds · 1 bath · 1 kitchen · 5 rooms · 3 parking spaces · 700-1100 sq ft · Detached
$579,000
Property tax
$3,621 / year

Nestled on the shores of beautiful Forest Lake, this fully winterized 3-bedroom cottage offers the perfect blend of comfort, charm, and year-round enjoyment, all just 15 minutes from Sundridge. Set on an elevated west-facing lot, the property captures stunning panoramic lake views and unforgettable sunsets from the expansive deck, creating the ideal backdrop for relaxing weekends or family gatherings. Inside, the warm and inviting open-concept living space is designed for easy cottage living, while full insulation and a Generac backup system provide peace of mind and comfort in every season. Whether you're looking for a personal getaway, a family cottage, or an affordable waterfront escape with rental potential, this property checks all the boxes. A gentle path leads to the shoreline, where you'll find a lakeside boathouse perfect for storing canoes, kayaks, paddleboards, and fishing gear. Enjoy clean, swimmable waterfront and calm waters ideal for boating, swimming, and making lasting summer memories. A detached single-car garage adds valuable storage space for tools, snowmobiles, ATVs, or outdoor equipment. Affordable waterfront opportunities like this don't come along often - especially on a quiet, picturesque lake with four-season access and so much to offer. Escape the city and start enjoying cottage life on Forest Lake.

MLS number
X13099966
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
P0A 1Z0
Photos
39
128days · this listing
247days · this property (2 listings)

This home has been listed 2 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

247 days on the market across 2 listings
This listing shows 128 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

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 home 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.

Work out the numbers

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

$115,800 · minimum here is $32,900
$2,563.69per month
Borrowed before insurance$463,200
Total borrowed$463,200
Interest over 25 years at 4.5%$305,906

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.

-$1,900.44per month out of pocket
Rent$965.00
Everything it costs to hold$2,865.44
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.