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524 Stornoway, Huron-Kinloss, ON N2Z 0A4

2 beds · 2 baths · 1 kitchen · 10 rooms · 4 parking spaces · 1100-1500 sq ft · Detached
$704,900
Property tax
$4,756 / year

Welcome to 524 Stornoway in Inverlyn Lake Estates, one of Kincardine's most sought-after "Vacant Land Condo" freehold communities where lifestyle, value, and location come together. Built in 2017 by Reid's Heritage Homes, this well-maintained 1 owner, 2-bedroom, 2-bathroom bungalow offers the modern layout and practical features today's buyers are looking for. Available for Summer! The bright open-concept design creates an inviting space for everyday living and entertaining, featuring a spacious living and family room, formal dining area, functional kitchen, separate laundry room, and an attached 2 bay garage. A convenient 4.8-foot crawlspace, accessible directly from the garage, provides valuable storage space rarely found in homes of this size. Outside, the private rear patio extends beyond the tree line, creating a peaceful outdoor retreat to enjoy your morning coffee or evening glass of wine. What truly enhances the value of this home is everything Inverlyn Lake Estates has to offer. For just $177 per month, residents enjoy access to a heated community salt water pool, workout area, Community Centre for activities, billiards, private lake access for canoeing and kayaking, playgrounds, an dog run, RV and boat storage, and over 90 acres of trails, green space. Unlike many lifestyle communities, Inverlyn Lake Estates has no age restrictions, creating a vibrant mix of families, professionals, and retirees. Golf enthusiasts will appreciate being just minutes from golf course and able to drive your golf cart from your home to the course! Downtown Kincardine, shopping, restaurants, the marina, beaches, and Lake Huron's world-famous sunsets are approximately a 3-minute drive away minutes away. Enjoy the unique luxury of two waterfront experiences: peaceful Inverlyn Lake with calm, predictable waters perfect for paddling and recreation, and the stunning shoreline of Lake Huron, where breathtaking sunsets are seen 365 days a year.

MLS number
X13315560
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
N2Z 0A4
Photos
50
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

No previous listings found for this address.

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.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Elgin Market Public School
Bluewater DSB
Elementary1.0 km7.5 / 10
75% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

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 1,317 people.

$140,000Median household income
95.2%Own their home
100%Detached houses
48.8Median age
9.4%Born outside Canada
34.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35410200 — the few blocks around this address, home to 1,317 people. It describes the area, not this property.

1,317Population
45.5Average age
2.5Household size
$161,000Average household income
$140,000Median household income
95%Own their home
5%Rent
23%Condominiums
9%Born outside Canada
35%University degree
$656,000Average home value
3%Low income
95%Not in the labour force
13%Never married
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9992%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9993%
$90,000 to $99,9993%
$100,000 and over40%
$100,000 to $124,9997%
$125,000 to $149,9996%
$150,000 to $199,99910%
$200,000 and over18%

Percentages are of the 845 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.

$140,980 · minimum here is $45,490
$3,121.14per month
Borrowed before insurance$563,920
Total borrowed$563,920
Interest over 25 years at 4.5%$372,423

If you rented it out

-$3,517.48per month out of pocket
Rent$0.00
Everything it costs to hold$3,517.48
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 Wilfred McIntee & Co Limited. Listing data provided by the Toronto Regional Real Estate Board.