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422 Duck Lake, Parry Sound Remote Area, ON P0H 1Y0

3 beds · 2 baths · 1 kitchen · 8 rooms · 1100-1500 sq ft · Rural Residential
$625,000
Property tax
$1,354 / year

Privacy awaits on this 15 acre off grid water access property. Sit on one of the many decks high amongst the trees or sit out at the waters edge overlooking Duck Lake. Duck Lake is at the easterly end of the well known Pickerel River System offering 65 km's of boating, exploring, hunting and many outdoor activities. The cottage was designed and custom built by the sellers and includes features like cedar panelled cathedral ceiling in living room, custom glass window, stained glass, oak flooring, custom pine cabinets, ash tongue and groove flooring, Hill assist chair lift from the dock to the cottage entrance. There is a Hydro transformer sitting at the edge of the property, beside the boat house, that could be hooked to if someone chose not to carry on with solar power. The dry boathouse at the shoreline has a guest apartment above.

MLS number
X13516258
Type
Rural Residential
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
P0H 1Y0
Photos
48
Laundry
Not in the unit
72days · 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

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.

$125,000 · minimum here is $37,500
$2,767.36per month
Borrowed before insurance$500,000
Total borrowed$500,000
Interest over 25 years at 4.5%$330,209

If you rented it out

-$2,880.20per month out of pocket
Rent$0.00
Everything it costs to hold$2,880.20
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 Parry Sound Muskoka Realty Ltd. Listing data provided by the Toronto Regional Real Estate Board.