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.

905 & 841 North McKenzie Lake Road, South Algonquin, ON K0J 2M0

Vacant Land
$299,900
Property tax
$1,325 / year

A recreational escape, hunting property, investment, or future cabin site, this rare acreage package offers outstanding privacy, access, and outdoor adventure. If you're looking for an Escape to the outdoors then this incredible package is offering two fifty acre lots totaling 100 acres of pristine recreational land being sold together. Featuring good year-round access, established roads and trails throughout the property, this is the perfect getaway for hunters, outdoor enthusiasts, ATV riders, snowmobilers, or anyone looking for a private northern retreat. The property directly abuts Crown land, giving you access to endless acres to explore, hunt, hike, and enjoy. At the back on Crown land, you'll find a large creek adding to the beauty and recreational appeal of the area. Wildlife is abundant, with excellent opportunities to see deer, moose, bear, birds, and more right from your own property. Hydro is available at the road, making future development of a cabin build much easier. Located on a maintained year-round road, access is convenient in every season. Just minutes away is a beautiful lake with a great swimming area and boat launch, offering excellent fishing, boating, and your own piece of nature.

MLS number
X13216632
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
K0J 2M0
Photos
16
106days · this listing
106days · 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

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$59,980 · minimum here is $14,995
$1,327.89per month
Borrowed before insurance$239,920
Total borrowed$239,920
Interest over 25 years at 4.5%$158,448

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.

-$938.31per month out of pocket
Rent$500.00
Everything it costs to hold$1,438.31
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 Frank Real Estate. Listing data provided by the Toronto Regional Real Estate Board.