Homula Realty Brokerage
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8 Lakeview Crescent, McKellar, ON P2A 0B5

4 beds · 2 baths · 1 kitchen · 11 rooms · 6 parking spaces · 700-1100 sq ft · Laundry on the lower level level · Detached
$1,175,000
Property tax
$3,770 / year

Tucked in a quiet community of year round cottages along one of the fingers of Lake Manitouwabing sits this 3+ bedroom, 2 bathroom year round home or cottage. Completely rebuilt and updated over the last 5 years, this property has been thoughtfully redeveloped with nearly 1800 sq.ft of living space on 2 levels, a large sundeck off the front and potential for a covered porch off the lower level walkout. Enjoy early mornings relaxing in the hot tub, afternoons fishing or jumping off the large dock system (with step in entry at shore and 18' depth at the end). Finish off the night with s'mores and stories around the firepit. Accents to the property include a cute bunkie, toolshed and a workshop with room to park your ATV, The property is set with ample parking, a connection for RV and hardwired Generac system already and in place. Lake Manitouwabing is located about 20 minutes east of Parry Sound and is known as a great social lake. It features a marina with gas & ice cream shop at one end, The Ridge golf club on the eastern shore and the town of McKellar with general store, LCBO and Minerva Park with weekly market at the north end - all accessible by touring the lake or by traveling the cottage roads.

MLS number
X13472798
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
P2A 0B5
Photos
50
Laundry
Lower Level level
83days · 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 863 people.

$79,000Median household income
95.5%Own their home
98.8%Detached houses
62Median age
14.8%Born outside Canada
11.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490191 — the few blocks around this address, home to 863 people. It describes the area, not this property.

863Population
56.5Average age
2Household size
$84,400Average household income
$79,000Median household income
96%Own their home
5%Rent
0%Condominiums
15%Born outside Canada
12%University degree
$740,000Average home value
10%Low income
12%Never married
Under $5,0001%
$10,000 to $14,9991%
$20,000 to $24,9992%
$25,000 to $29,9993%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over27%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over4%

Percentages are of the 560 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.

$235,000 · minimum here is $92,500
$5,202.65per month
Borrowed before insurance$940,000
Total borrowed$940,000
Interest over 25 years at 4.5%$620,794

If you rented it out

-$5,516.81per month out of pocket
Rent$0.00
Everything it costs to hold$5,516.81
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 Sotheby's International Realty Canada. Listing data provided by the Toronto Regional Real Estate Board.