Homula Realty Brokerage
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449 Island View Road 111, Alnwick/Haldimand, ON K0K 2X0

3 beds · 1 bath · 1 kitchen · 6 rooms · 1 parking space · < 700 sq ft · Other
$160,000
Property tax
$1 / year

Unit 111-Nook.Charming Cottage On Prime Rice Lake Waterfront Resort, 21 Years Less One Day Land Lease. This Fully Furnished 3-Bedroom, 1-Bathroom Cottage Is Located On One Of The Most Desirable Lots In Alpine Resort, Offering Stunning Sunset & Lake Views!! The Open-Concept Layout Creates A Spacious Yet Cozy Atmosphere, Perfect For Relaxing Or Entertaining!! Enjoy The Outdoors On Your Large Private Deck, Ideal For BBQs And Evening Unwinding. (1) Private Boat Slip Is Included, Perfect For Fishing Trips And Boating Adventures With The Family!! Amenities Include, Clubhouse, Swimming Pool, Playground, Volleyball Court, Game Room, Laundry Facilities, And Much More. An Affordable And Low-Maintenance Way To Enjoy Waterfront Living, This Seasonal-Cottage Is From (May 1st - October 31st) , Monthly Fee Is $400, Includes Property Taxes, Heat, Hydro, Electricity. Cottage Living Is Ideal For Families, Retirees, Or Anyone Seeking A Tranquil Escape On Beautiful Rice Lake. AIRBNB MANAGEMENT RENTAL PROGRAM AVAILABLE. GREAT CASH FLOW!!

MLS number
X13110414
Type
Other
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
K0K 2X0
Photos
14
Laundry
Not in the unit
125days · 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

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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 729 people.

$82,000Median household income
94.4%Own their home
88.3%Detached houses
53.6Median age
8.3%Born outside Canada
9.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35140133 — the few blocks around this address, home to 729 people. It describes the area, not this property.

729Population
48.8Average age
2.4Household size
$97,000Average household income
$82,000Median household income
94%Own their home
6%Rent
0%Condominiums
8%Born outside Canada
9%University degree
$604,000Average home value
11%Low income
89%Not in the labour force
22%Never married
$15,000 to $19,9991%
$20,000 to $24,9992%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9997%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9994%
$90,000 to $99,9995%
$100,000 and over28%
$100,000 to $124,9997%
$125,000 to $149,9997%
$150,000 to $199,9996%
$200,000 and over7%

Percentages are of the 415 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.

$32,000 · minimum here is $8,000
$708.45per month
Borrowed before insurance$128,000
Total borrowed$128,000
Interest over 25 years at 4.5%$84,534

If you rented it out

-$708.53per month out of pocket
Rent$0.00
Everything it costs to hold$708.53
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 HALLMARK REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.