Homula Realty Brokerage
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68 Tamarac Road, Northern Bruce Peninsula, ON N0H 2M0

2 beds · 2 baths · 1 kitchen · 7 rooms · 4 parking spaces · 1100-1500 sq ft · Laundry on the main level level · Detached
$499,000
Property tax
$2,755 / year

WATERVIEW HOME/COTTAGE WITH WATER ACCESS ACROSS THE ROAD! Set on a 101ft. X 252ft. property, you are afforded elevated views to Stokes Bay and Lake Huron. Dine on the deck while listening to the sound of the waves or grab your kayak, walk across the road to the Municipal public access, and go for a paddle! It's that easy! This 1200sq.ft., 2-bedroom, 2-bathroom home offers beautiful views captured by the large windows. Whether looking to the lake or the forest, you'll feel at ease. The open concept living space is perfect for entertaining. You'll appreciate the cozy warmth of the wood stove on those chilly winter evenings, curled up with a good book. The spacious kitchen offers plenty of cabinetry. Just off the main living area is a good size bedroom along with a 4-pc bath. Extend your stays or enjoy the convenience of a dedicated laundry space as well. The primary bedroom is truly a retreat with a walk-in closet featuring beautiful wood cabinetry and 4 pc ensuite which includes a walk-in shower and double sinks. Outside, large storage sheds provide additional space for water toys, tools or garden storage. Conveniently located mid-Peninsula the property is only a few minutes away from the Stokes Bay General Store where you can indulge in an ice-cream cone and pick up general supplies, or pop into Ferndale for gas, pizza or a sit-down meal. Lions Head is about 20 minutes away where you will find a weekly market, shops, a grocery store, restaurants, a marina, beach, school and small hospital. Black Creek Provincial Park is also nearby and provides the perfect place for all ages to spend the day playing in the warm waters and digging your toes in the sand. What are you waiting for?

MLS number
X13246252
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
N0H 2M0
Photos
43
Laundry
Main Level level
99days · 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.

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 652 people.

$72,000Median household income
95.5%Own their home
96.9%Detached houses
61.2Median age
9.2%Born outside Canada
19.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35410147 — the few blocks around this address, home to 652 people. It describes the area, not this property.

652Population
54.1Average age
2Household size
$87,600Average household income
$72,000Median household income
96%Own their home
5%Rent
0%Condominiums
9%Born outside Canada
19%University degree
$536,000Average home value
12%Low income
87%Not in the labour force
13%Never married
Under $5,0001%
$15,000 to $19,9992%
$20,000 to $24,9992%
$25,000 to $29,9992%
$30,000 to $34,9994%
$35,000 to $39,9995%
$40,000 to $44,9994%
$45,000 to $49,9992%
$50,000 to $59,9996%
$60,000 to $69,9998%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over23%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9994%
$200,000 and over6%

Percentages are of the 420 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.

$99,800 · minimum here is $24,950
$2,209.46per month
Borrowed before insurance$399,200
Total borrowed$399,200
Interest over 25 years at 4.5%$263,639

If you rented it out

-$2,439.05per month out of pocket
Rent$0.00
Everything it costs to hold$2,439.05
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 Grey Bruce Realty Inc.. Listing data provided by the Toronto Regional Real Estate Board.