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348 Steenburg Lake Road N, Limerick, ON K0L 1W0

3 beds · 1 bath · 1 kitchen · 6 rooms · 3 parking spaces · 700-1100 sq ft · Detached
$379,900
Property tax
$3,948 / year

OPPORTUNITY KNOCKS AT 348 STEENBURG LAKE ROAD! Discover the ultimate family escape with this charming 3-season cottage, perfectly positioned right across from the clean, stunning waters of Steenburg Lake. If you've been searching for that classic cottage lifestyle combined with a smart investment in a high-demand lakeside area, this is it! Boasting unobstructed, sun-filled water views from your front deck, you are just steps away from convenient lake access and a beautiful beachfront right in front of you with clean water. Inside, this warm and inviting quintessential cottage features 3 bedrooms-including a wonderful open-concept upstairs bedroom that currently fits a twin and two double beds, offering ample sleeping accommodations for the whole family. A cozy propane fireplace will keep you warm on crisp lakeside evenings. The true magic lies outside on the expansive, flat 1.53-acre lot. Surrounded by mature trees and wide open greenspace, this incredible level property is the ultimate arena for family gatherings, summer BBQs, and lawn games. There is plenty of room for kids to run and two handy storage sheds to tuck away your water toys. You will also enjoy peace of mind with a brand-new septic system installed and newer hydro service already in place. Set on a year-round municipal road with cell and telephone service available, the location is as convenient as it is beautiful. Whether you are looking to secure a family legacy property in a growing cottage community or simply enjoy your own getaway near the lake, 348 Steenburg Lake Road is ready for its next chapter. Don't miss out on making lifelong memories here!

MLS number
X13429392
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
K0L 1W0
Photos
47
Laundry
Not in the unit
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 5 times.

Sale history is for registered usersSee what this address sold for and when, across all 5 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 539 people.

$59,600Median household income
89.3%Own their home
92.2%Detached houses
55.2Median age
5.9%Born outside Canada
6.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35120252 — the few blocks around this address, home to 539 people. It describes the area, not this property.

539Population
50.2Average age
2.1Household size
$63,200Average household income
$59,600Median household income
89%Own their home
11%Rent
0%Condominiums
6%Born outside Canada
7%University degree
$364,000Average home value
22%Low income
21%Never married
$10,000 to $14,9993%
$15,000 to $19,9993%
$20,000 to $24,9995%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9995%
$50,000 to $59,99911%
$60,000 to $69,9996%
$70,000 to $79,9998%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over18%
$100,000 to $124,99910%
$125,000 to $149,9993%
$150,000 to $199,9995%
$200,000 and over2%

Percentages are of the 310 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.

$75,980 · minimum here is $18,995
$1,682.12per month
Borrowed before insurance$303,920
Total borrowed$303,920
Interest over 25 years at 4.5%$200,715

If you rented it out

-$2,011.12per month out of pocket
Rent$0.00
Everything it costs to hold$2,011.12
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 Proalliance Realty. Listing data provided by the Toronto Regional Real Estate Board.