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Boat Access on Mason Island, French River, ON P0M 1A0

2 beds · 1 kitchen · 5 rooms · 1100-1500 sq ft · Rural Residential
$334,900
Property tax
$1,833 / year

Rare opportunity on Mason Island in the North Channel of the French River. This waterfront cabin offers approximately 298 feet of frontage and a lot size of approximately 2.09 acres, according to deed/survey information. Set in a quiet, peaceful natural setting, the property enjoys a north-facing view over the French River. It offers the privacy and character that come with true water-access living. The property includes a 1955 one-storey cabin with a kitchen, living room, and two bedrooms. The cabin needs significant repair, restoration, or possible redevelopment, making it an excellent opportunity for buyers looking to create their own seasonal retreat, fishing getaway, or private island escape. Near French River Provincial Park. This is a rustic property with water access only. There is currently no hydro, municipal water, sewer, gas, cable, or telephone service connected to the property. Buyers should conduct their own due diligence regarding access, permitted uses, building requirements, services, lot boundaries, and future development potential. Seller is willing to negotiate. Easy access to nearby marinas/boat launches.

MLS number
X13496780
Type
Rural Residential
Status
Active
Bedrooms
2
Bathrooms
0
Postal code
P0M 1A0
Photos
4
77days · this listing
77days · 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

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.

$66,980 · minimum here is $16,745
$1,482.86per month
Borrowed before insurance$267,920
Total borrowed$267,920
Interest over 25 years at 4.5%$176,939

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.

-$1,077.61per month out of pocket
Rent$558.00
Everything it costs to hold$1,635.61
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 REAL ESTATE HOMEWARD. Listing data provided by the Toronto Regional Real Estate Board.