Homula Realty Brokerage
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1 SALWAY Lane, McKellar, ON P0G 1C0

< 700 sq ft · Vacant Land
$429,900
Property tax
$1,217 / year

LAKE MANITOUWABING PRIME BUILDING LOT - 301 FT WATERFRONT, Ultimate Privacy on 6.15 ACRES Wrapped in Nature, Road access, Protected water for boat dockage, Excellent area of executive lake homes, Lake Manitouwabing offers extensive boating, great swimming, water sports and fishing, Enjoy golfing at the nearby renowned 'The Ridge' course, Boat or drive to village of McKellar for amenities; LCBO/General Store, Middle River Farm Store, Nestled amidst tall, majestic trees, this lot offer an idyllic setting. For those seeking a haven of tranquility, this location is the perfect choice. Build your DREAM COTTAGE/LAKE HOUSE HERE! A home away from home, a sanctuary where you can unwind and reconnect with nature. HST in addition to purchase price.

MLS number
X13173202
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P0G 1C0
Photos
9
Laundry
Not in the unit
110days · 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

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

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 556 people.

$78,500Median household income
96.1%Own their home
98.1%Detached houses
57.2Median age
6%Born outside Canada
20.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490190 — the few blocks around this address, home to 556 people. It describes the area, not this property.

556Population
52.3Average age
2.1Household size
$86,000Average household income
$78,500Median household income
96%Own their home
4%Rent
0%Condominiums
6%Born outside Canada
20%University degree
$564,000Average home value
6%Low income
17%Never married
Under $5,0001%
$20,000 to $24,9993%
$25,000 to $29,9994%
$30,000 to $34,9991%
$35,000 to $39,9996%
$40,000 to $44,9994%
$45,000 to $49,9991%
$50,000 to $59,9996%
$60,000 to $69,9997%
$70,000 to $79,9994%
$80,000 to $89,9997%
$90,000 to $99,9994%
$100,000 and over25%
$100,000 to $124,99910%
$125,000 to $149,9996%
$150,000 to $199,9996%
$200,000 and over4%

Percentages are of the 355 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.

$85,980 · minimum here is $21,495
$1,903.50per month
Borrowed before insurance$343,920
Total borrowed$343,920
Interest over 25 years at 4.5%$227,131

If you rented it out

-$2,004.92per month out of pocket
Rent$0.00
Everything it costs to hold$2,004.92
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 Parry Sound Muskoka Realty Ltd. Listing data provided by the Toronto Regional Real Estate Board.