Homula Realty Brokerage
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118 Fraser Lake Road, Carlow/Mayo, ON K0L 1G0

2 beds · 1 bath · 1 kitchen · 6 rooms · 2 parking spaces · < 700 sq ft · Detached
$575,000
Property tax
$3,600 / year

Escape to this charming seasonal cottage on the peaceful shores of Fraser Lake, whererelaxation and outdoor adventure come together. Known for its excellent fishing, thelake offers abundant bass, northern pike, and pickerel, making it a true angler'sparadise. Spend your days enjoying the tranquil surroundings, breathtaking waterfrontviews, and the serenity of cottage life. Whether you're casting a line at sunrise, enjoying evenings by the water, or creatinglasting memories with loved ones, this lakeside retreat offers the ideal getaway

MLS number
X13141058
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
K0L 1G0
Photos
19
116days · this listing
116days · 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

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 484 people.

$69,000Median household income
92.3%Own their home
100%Detached houses
52Median age
6.3%Born outside Canada
8.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120233 — the few blocks around this address, home to 484 people. It describes the area, not this property.

484Population
46.2Average age
2.4Household size
$92,000Average household income
$69,000Median household income
92%Own their home
8%Rent
0%Condominiums
6%Born outside Canada
8%University degree
$436,000Average home value
15%Low income
79%Not in the labour force
19%Never married
$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 $39,9996%
$40,000 to $44,9992%
$45,000 to $49,9994%
$50,000 to $59,9996%
$60,000 to $69,9998%
$70,000 to $79,9996%
$80,000 to $89,9998%
$90,000 to $99,9994%
$100,000 and over21%
$100,000 to $124,99912%
$125,000 to $149,9992%
$150,000 to $199,9994%
$200,000 and over4%

Percentages are of the 260 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.

$115,000 · minimum here is $32,500
$2,545.98per month
Borrowed before insurance$460,000
Total borrowed$460,000
Interest over 25 years at 4.5%$303,793

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.

-$1,887.98per month out of pocket
Rent$958.00
Everything it costs to hold$2,845.98
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 EXP REALTY. Listing data provided by the Toronto Regional Real Estate Board.