Homula Realty Brokerage
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37 Paradise Drive, Northern Bruce Peninsula, ON N0H 1W0

3+2 beds · 3 baths · 1 kitchen · 10+6 rooms · 5 parking spaces · 2000-2500 sq ft · Laundry on the main level level · Detached
$1,050,000
Property tax
$5,894 / year

Pike Bay paradise, where the blue of the skyline meets the lake and stretches into long summer days. Built in 2013, this expansive Viceroy offers three levels of family cottage living on a private, treed lot measuring approximately 144 ft x 350 ft near the end of Widgeon Cove Road. A winding driveway leads to an impressive retreat featuring a soaring great room, main floor primary suite with balcony, ensuite and laundry, plus two large upper-level bedrooms, a 3-piece bath and loft-style landing overlooking the living space below. Thoughtfully placed windows capture glimpses of the bay and surrounding natural beauty. The walkout lower level is framed and ready for completion, with space for two additional bedrooms, a bathroom and a large games or recreation room. In-floor heat serves all three levels. The property is serviced by a drilled well with water treatment systems and features beautifully manicured grounds, outdoor games areas and a firepit and EV charger. Follow the trail to the rugged and breathtaking waterfront, where the stone shelves of the Bruce Peninsula create exceptional swimming, snorkelling and paddling opportunities. Spectacular sunsets, brilliant star-filled skies and an unforgettable setting make this a remarkable and rare Pike Bay offering.

MLS number
X13434154
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
3
Postal code
N0H 1W0
Photos
49
Laundry
Main Level level
94days · 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.

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 1,007 people.

$70,500Median household income
96.4%Own their home
98.1%Detached houses
62.8Median age
15.7%Born outside Canada
19%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35410150 — the few blocks around this address, home to 1,007 people. It describes the area, not this property.

1,007Population
56.5Average age
1.9Household size
$88,800Average household income
$70,500Median household income
96%Own their home
4%Rent
0%Condominiums
16%Born outside Canada
19%University degree
$530,000Average home value
11%Low income
12%Never married
$10,000 to $14,9991%
$15,000 to $19,9992%
$20,000 to $24,9994%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9996%
$60,000 to $69,9999%
$70,000 to $79,9997%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over21%
$100,000 to $124,9997%
$125,000 to $149,9996%
$150,000 to $199,9995%
$200,000 and over4%

Percentages are of the 675 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.

$210,000 · minimum here is $80,000
$4,649.17per month
Borrowed before insurance$840,000
Total borrowed$840,000
Interest over 25 years at 4.5%$554,752

If you rented it out

-$5,140.34per month out of pocket
Rent$0.00
Everything it costs to hold$5,140.34
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.