Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

315 Lorimer Lake Road, McDougall, ON P2A 2W7

2 beds · 2 baths · 1 kitchen · 15 rooms · 10 parking spaces · 1100-1500 sq ft · Laundry on the lower level level · Detached
$949,000
Property tax
$3,190 / year

Escape to 206 acres of privacy, nature and endless opportunity. Tucked away in a peaceful setting this well-loved country property is ready for its next chapter. The modest yet inviting 2-bedroom, 1.5-bath home is full of warmth and character, featuring exposed wood beams, wall of windows that bring the outdoors in and a cozy propane fireplace. A screened-in porch offers the perfect place to relax and take in the quiet surroundings while the ductless heat pump provides efficient heating and air conditioning year-round. The home also includes a full basement for storage or future potential along with a greenhouse area for gardening enthusiasts. Outside the property continues to impress with established gardens, an insulated workshop, pole barn, a bunkie and an extensive network of walking and ATV trails winding throughout the acreage. Whether you're looking for a private retreat, recreational property, hobby farm potential or simply room to breathe this rare offering combines comfort, functionality and the beauty of Northern Ontario living. Quiet, private and surrounded by nature - a truly special property waiting to welcome its next owner. By Appointment only

MLS number
X13166068
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
P2A 2W7
Photos
50
Laundry
Lower Level level
115days · 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.

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.

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 395 people.

$82,000Median household income
94.6%Own their home
100%Detached houses
60.4Median age
7.8%Born outside Canada
14.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490189 — the few blocks around this address, home to 395 people. It describes the area, not this property.

395Population
53.5Average age
2Household size
$100,000Average household income
$82,000Median household income
95%Own their home
5%Rent
0%Condominiums
8%Born outside Canada
14%University degree
$608,000Average home value
10%Low income
14%Never married
$10,000 to $14,9992%
$20,000 to $24,9994%
$25,000 to $29,9994%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9992%
$50,000 to $59,9996%
$60,000 to $69,9994%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over27%
$100,000 to $124,99913%
$125,000 to $149,9996%
$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.

$189,800 · minimum here is $69,900
$4,201.97per month
Borrowed before insurance$759,200
Total borrowed$759,200
Interest over 25 years at 4.5%$501,390

If you rented it out

-$4,467.80per month out of pocket
Rent$0.00
Everything it costs to hold$4,467.80
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 Advantage Realty. Listing data provided by the Toronto Regional Real Estate Board.