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3494 Kushog Lake Road, Algonquin Highlands, ON K0M 1S0

3 beds · 1 bath · 1 kitchen · 9 rooms · 8 parking spaces · 700-1100 sq ft · Detached
$730,000
Property tax
$3,901 / year

Tucked away along a well-maintained, year-round stretch of Kushog Lake Road lies a charming 3-bedroom, 1-bath bungalow that serves as the ultimate gateway to four-season paradise. Life here revolves around the pristine, clean waters of an expansive shoreline, where days begin on one of two private docks casting a line into a two-lake chain renowned for its exceptional fishing and plenty of miles of boating, with a convenient boat launch located very close to the property. After a day of exploring the nearby marked ATV trails or riding the perfectly groomed winter snowmobile tracks, you can pull your gear into the oversized, extra-deep 24x40ft garage with automatic door opener and retreat to the massive wrap-around deck to watch the abundant local wildlife. The property seamlessly blends rustic lakeside charm-complete with an outdoor firepit and a handy outhouse-with modern peace of mind, boasting a durable steel roof, a brand-new septic tank, and a generator panel wired for manual hookup. As the evening cools, you can curl up inside by the warm glow of the propane fireplace, comforted by the quiet serenity of nature. Sellers own the 2.8 acre lot across the road and are willing to sell it in addition to the cottage.

MLS number
X13467324
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
K0M 1S0
Photos
39
85days · this listing
85days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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 897 people.

$81,000Median household income
91.9%Own their home
97.7%Detached houses
60.8Median age
8.5%Born outside Canada
20.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35460087 — the few blocks around this address, home to 897 people. It describes the area, not this property.

897Population
55.4Average age
2Household size
$99,200Average household income
$81,000Median household income
92%Own their home
8%Rent
0%Condominiums
9%Born outside Canada
21%University degree
$796,000Average home value
12%Low income
13%Never married
Under $5,0001%
$10,000 to $14,9991%
$15,000 to $19,9992%
$20,000 to $24,9991%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9992%
$45,000 to $49,9993%
$50,000 to $59,9996%
$60,000 to $69,9996%
$70,000 to $79,9997%
$80,000 to $89,9996%
$90,000 to $99,9993%
$100,000 and over28%
$100,000 to $124,9999%
$125,000 to $149,9997%
$150,000 to $199,9995%
$200,000 and over6%

Percentages are of the 580 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.

$146,000 · minimum here is $48,000
$3,232.28per month
Borrowed before insurance$584,000
Total borrowed$584,000
Interest over 25 years at 4.5%$385,685

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$2,340.37per month out of pocket
Rent$1,217.00
Everything it costs to hold$3,557.37
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 Professionals North Baumgartner Realty. Listing data provided by the Toronto Regional Real Estate Board.