Homula Realty Brokerage
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437 Island View Drive, North Algona Wilberforce, ON K0J 1X0

4 beds · 3 baths · 1 kitchen · 9 rooms · 8 parking spaces · 1500-2000 sq ft · Detached
$967,000
Property tax
$5,387 / year

Welcome to your dream waterfront oasis on highly sought-after Golden Lake, perfectly situated in a prestigious neighborhood on a municipal, year-round paved road with quick access to Highway 60, Deacon, and Eganville. The main residence offers ultimate peace of mind, featuring a renovated exterior and re-insulated interior, a newer propane furnace, and a sun-drenched open layout where the updated kitchen flows seamlessly into the living room with unobstructed lake views. This four-bedroom home includes a flexible space perfect for a nursery or home office, a two-piece powder room, and two primary suites, each with their own ensuite bathrooms.The secondary suite serves as an ideal in-law setup, or private guest accomodations, complete with a cozy wood stove and a private deck overlooking the water. The outdoor living spaces elevate this property into a private resort, anchored by two pristine sandy beaches with a gradual entry safe for children. Entertain on the beautiful peninsula-currently featuring a putting green and horseshoe game-or enjoy the small vegetable garden. As night falls, the elevated dock with custom uplighting creates the perfect ambiance for evening lakeside activities. Storage and guest potential are unmatched here. A vintage original cottage sits ready for a future two-bedroom guest bunkie conversion, while a separate workshop carries rich local history as a former cabin from the well-known Red Pine Camp. For extra accommodations, a fifth-wheel trailer is currently on-site and negotiable. Completing this incredible package are three storage sheds and a tarp garage for all your tools and water toys. Enjoy the lifestyle and sense of family that comes with being part of the Golden Lake Property Owners Association. This rare, multi-generational gem is ready for its next chapter.

MLS number
X13161778
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
3
Postal code
K0J 1X0
Photos
50
112days · this listing
112days · 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.

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 664 people.

$77,000Median household income
92.6%Own their home
96.7%Detached houses
58.8Median age
9.8%Born outside Canada
15%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35470233 — the few blocks around this address, home to 664 people. It describes the area, not this property.

664Population
52.6Average age
2.1Household size
$90,800Average household income
$77,000Median household income
93%Own their home
7%Rent
0%Condominiums
10%Born outside Canada
15%University degree
$424,000Average home value
15%Low income
16%Never married
$15,000 to $19,9991%
$20,000 to $24,9994%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9996%
$50,000 to $59,9995%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9995%
$90,000 to $99,9996%
$100,000 and over25%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over4%

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.

$193,400 · minimum here is $71,700
$4,281.67per month
Borrowed before insurance$773,600
Total borrowed$773,600
Interest over 25 years at 4.5%$510,900

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.

-$3,118.58per month out of pocket
Rent$1,612.00
Everything it costs to hold$4,730.58
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 ROYAL LEPAGE TEAM REALTY. Listing data provided by the Toronto Regional Real Estate Board.