Homula Realty Brokerage
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369 Loon Lake Road, Kearney, ON P0A 1M0

2+2 beds · 2 baths · 1 kitchen · 6+5 rooms · 9 parking spaces · 1100-1500 sq ft · Detached
$1,170,000
Property tax
$4,484 / year

Extremely well-built, fully winterized 2 x 6 construction home/cottage on a premium lot on Loon Lake with water access to Grass Lake. Located on a fully maintained municipal road, it is easily accessible year-round. Loon Lake is clean, clear and deep (100'). This impeccably maintained property boasts a fully renovated kitchen with SS appliances and quartz countertops, in addition to two fully renovated 3- and 4-piece bathrooms. In total, the residence offers 2336 sq ft of living space and can comfortably sleep 14. The upper level, which includes a large outdoor deck, offers two queen bedrooms and an open living/dining area with cathedral ceilings and a stone fireplace. Panoramic floor-to-ceiling windows offer stunning views of the lake and abundant natural light. A fully finished walk-out basement offers an additional living area, including one bathroom, a queen and king bedroom, 2 sets of bunks, a pull-out couch, a woodstove, a large sitting/TV area, washer/dryer and a second refrigerator/freezer. A large 16' x38' detached garage for storage. Other extras include a new firepit, seating area and walkway, a 10' x 10' woodshed with metal roof, a beautiful wood-burning sauna w/ change room at the water's edge and a 7500w Generac Generator and Gener Link system for seamless power back-up. This is a TURNKEY PROPERTY and includes all indoor and outdoor furnishings, an older fishing boat with 60hp and 7.5hp motors, a tin boat with a 10hp motor, and a canoe.*For Additional Property Details Click The Brochure Icon Below*

MLS number
X13131930
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
P0A 1M0
Photos
38
Laundry
Not in the unit
120days · 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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 974 people.

$68,000Median household income
92.4%Own their home
95.7%Detached houses
58.4Median age
7.7%Born outside Canada
13.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490179 — the few blocks around this address, home to 974 people. It describes the area, not this property.

974Population
52.2Average age
2.1Household size
$80,800Average household income
$68,000Median household income
92%Own their home
8%Rent
4%Condominiums
8%Born outside Canada
14%University degree
$558,000Average home value
15%Low income
16%Never married
$5,000 to $9,9991%
$10,000 to $14,9992%
$15,000 to $19,9992%
$20,000 to $24,9994%
$25,000 to $29,9994%
$30,000 to $34,9994%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9994%
$50,000 to $59,9997%
$60,000 to $69,9995%
$70,000 to $79,9996%
$80,000 to $89,9995%
$90,000 to $99,9994%
$100,000 and over23%
$100,000 to $124,99910%
$125,000 to $149,9996%
$150,000 to $199,9994%
$200,000 and over3%

Percentages are of the 570 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.

$234,000 · minimum here is $92,000
$5,180.51per month
Borrowed before insurance$936,000
Total borrowed$936,000
Interest over 25 years at 4.5%$618,152

If you rented it out

-$5,554.17per month out of pocket
Rent$0.00
Everything it costs to hold$5,554.17
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 ICI SOURCE REAL ASSET SERVICES INC.. Listing data provided by the Toronto Regional Real Estate Board.