Homula Realty Brokerage
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131 Lee Lane, Parry Sound Remote Area, ON P0H 1S0

2+1 beds · 1 bath · 1 kitchen · 7 rooms · 4 parking spaces · 700-1100 sq ft · Detached
$694,500
Property tax
$1,200 / year

Classic Northern Ontario Cottage - Absolutely charming four-season cottage set on a private, level lot withover 200 feet of pristine, perfect shoreline on serene Duck Lake-part of the highly sought-after Pickerel River System, offering 40+ miles of boating, fishing, and family recreation. Inside features: eat-in kitchen area with mainfloor laundry, newly renovated 4-piece bathroom, vaulted living room with cozy wood stove and warm pine finishings, fun loft for the kids and a bright lakefront sunroom-which easily doubles as a third bedroom-providing a flexible space for family and guests. Stunning lake views are enjoyed from both indoors and out. Outside you will find spacious decking, maintenance free steel roof, and exceptional privacy thanks to the natural treed setting and level topography. There is also an authentic log cabin currently used for storage - offers exciting potential for a future bunkie or guest space. Crawl space is heated year round and water lines are heat traced for 4 season use. A rare offering for buyers looking for a four-season waterfront retreat on a major waterway, complete with pristine shoreline and beautiful level lot.

MLS number
X13424022
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
P0H 1S0
Photos
32
95days · 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 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property 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.

$138,900 · minimum here is $44,450
$3,075.10per month
Borrowed before insurance$555,600
Total borrowed$555,600
Interest over 25 years at 4.5%$366,929

If you rented it out

-$3,175.10per month out of pocket
Rent$0.00
Everything it costs to hold$3,175.10
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 Crown Realty (1989) Inc.. Listing data provided by the Toronto Regional Real Estate Board.