Homula Realty Brokerage
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0 Alice Drive, Algonquin Highlands, ON P0A 1E0

10 parking spaces · < 700 sq ft · Rural Residential
$225,000
Property tax
$515 / year

Affordable drive in waterfront opportunity on Bear Lake! If you've been dreaming of waterfront living without the premium price tag, this is the perfect opportunity. This unique property includes a 16-foot wide waterfront lot to your to your private dock on beautiful Bear Lake, along with two separately deeded lots totaling more just over 5 acres, just a short walk from the shoreline. Build your dream home or cottage on the acreage while enjoying convenient access to your dock and all that Bear Lake has to offer. From your dock, explore the connected waterways of Kawagama Lake and Kimball Lake, providing endless opportunities for boating, fishing, and water recreation. Outdoor enthusiasts will appreciate the exceptional location. Surrounded by abundant Crown land, the area offers outstanding hiking, mountain biking, ATV trails, snowmobiling, hunting, and wildlife viewing. For breathtaking panoramic views, hike to the summit of Bear Mountain and take in the spectacular scenery. This rare offering combines privacy, acreage, and affordable access to the waterfront.

MLS number
X13523398
Type
Rural Residential
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
P0A 1E0
Photos
45
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

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

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 589 people.

$82,000Median household income
93%Own their home
98.2%Detached houses
58Median age
12.9%Born outside Canada
14.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440245 — the few blocks around this address, home to 589 people. It describes the area, not this property.

589Population
51.7Average age
2.1Household size
$86,000Average household income
$82,000Median household income
93%Own their home
7%Rent
0%Condominiums
13%Born outside Canada
15%University degree
$645,000Average home value
8%Low income
62%Not in the labour force
17%Never married
$15,000 to $19,9991%
$20,000 to $24,9991%
$25,000 to $29,9993%
$30,000 to $34,9994%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9995%
$50,000 to $59,9995%
$60,000 to $69,9995%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over28%
$100,000 to $124,99911%
$125,000 to $149,9996%
$150,000 to $199,9996%
$200,000 and over5%

Percentages are of the 400 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.

$45,000 · minimum here is $11,250
$996.25per month
Borrowed before insurance$180,000
Total borrowed$180,000
Interest over 25 years at 4.5%$118,875

If you rented it out

-$1,039.17per month out of pocket
Rent$0.00
Everything it costs to hold$1,039.17
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 Forest Hill Real Estate Inc.. Listing data provided by the Toronto Regional Real Estate Board.