Homula Realty Brokerage
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5032 TRANS-CANADA Highway E, Wawa, ON P0M 3G0

Commercial Retail
$508,000

Welcome to an exceptional Commercial/Residential opportunity on Fungus Lake in White River. This rare 2.00-acre point property offers 194.41 ft of natural, deep, clear-water shoreline, providing panoramic lake views and breathtaking sunsets. The combination of sandy beach entry and deep-water frontage makes this an ideal location for families, year-round recreation. The primary bungalow-style resort house is privately nestled among mature trees and positioned to overlook the lake. Features include: Full kitchen, Dining room, Spacious living room, Satellite TV and internet access. Direct access to the waterfront and resort amenities. This home is suitable as an owner's residence, year-round lodge, or operations building. 8 Cabins & Guest Lodge The property includes 8 fully equipped, each offering, Private washrooms Full kitchens with stoves, refrigerators, and microwaves.TV units. Ample interior space for families and groups In addition, Guest Lodge provides 8 spacious rooms, 1 bathroom, and a shared kitchen, ideal for larger parties or overflow accommodations. Multi-family recreational retreat. Owner-occupied residence with income generation. Zoned Tourist Commercial, Year-round resort operations Existing commercial amenities include: Two double fuel pumps (two gas, two diesel) offering strong revenue potential. Convenience store with counters, freezers, and retail space, Private sandy beach ideal for children and safe swimming. Deep-water access for docking, boating, and fishing. Halfway between Wawa and north of White River. Approximately 4 hours from Thunder Bay. Approximately 10 hours from the GTA. Excellent access for tourists, anglers, snowmobilers, Turnkey income-producing property with multiple revenue streams: lodging, fuel sales, retail. Strong year-round demand for fishing, hunting, snowmobiling, and northern tourism. Ideal for investors, resort operators, or families seeking a northern lifestyle property with built-in income.

MLS number
X13117868
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P0M 3G0
Photos
30
Property tax
$561 / year
127days · this listing
127days · 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

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.

$101,600 · minimum here is $25,800
$2,249.31per month
Borrowed before insurance$406,400
Total borrowed$406,400
Interest over 25 years at 4.5%$268,394

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.

-$1,449.06per month out of pocket
Rent$847.00
Everything it costs to hold$2,296.06
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 REAL ESTATE CENTRE INC.. Listing data provided by the Toronto Regional Real Estate Board.