Homula Realty Brokerage
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1326 Kawagama Lake Road, Algonquin Highlands, ON P0A 1E0

7 beds · 8 baths · 1 kitchen · 27 rooms · 20 parking spaces · 3500-5000 sq ft · Detached
$2,399,900
Property tax
$8,881 / year

Exceptional residential and/or commercial possibilies and opportunities abound on this unique, 10+ acre waterfront property with 1,200' on the Hollow River that has navigable boat access to MUSKOKA'S esteemed LAKE OF BAYS. Introducing a rare chance to own a piece of Cottage Country's iconic, maturely treed landscaped gems, located just minutes from the charming town of Dorset, Ontario. Currently home to the historic "Hollow Valley Resort" is now being offered for sale as a turnkey resort and land asset investment with lots of potential to expand the business under C3-3 zoning. This offering includes the land, a spacious and renovated main lodge of 4,000+ sq ft with 7 rentable bedrooms (each with their own ensuite bathrooms), large septic system, drilled well and all 12 existing buildings on site (with newer roofs). There is significant potential to have up to 30 cabins and future development. This 4~season property is currently undergoing a thoughtful revitalization, together with the vision of restoring it into a premier 5-star resort destination. Muskoka-Haliburton tourism is growing steadily year after year and the supply of waterfront properties becoming increasingly scarce, so now is the time to secure your place in one of Ontario's most desirable regions. Whether you're looking to hold for appreciation, develop, continue operating as a resort or retreat, OR use as an extended FAMILY COMPOUND, this is a land opportunity you won't want to miss. For visionary investors only, this is your chance to own an irreplaceable part of Cottage Country. Enjoy 1000's of acres of crown land nearby, scattered with trails for activities associated with each of the seasons! Begin your own story and memories here! Located 2.5 hours from Toronto.

MLS number
X13529170
Type
Detached
Status
Active
Bedrooms
7
Bathrooms
8
Postal code
P0A 1E0
Photos
24
Laundry
Not in the unit
70days · 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

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

$479,980 · minimum here is $479,980
$10,626.24per month
Borrowed before insurance$1,919,920
Total borrowed$1,919,920
Interest over 25 years at 4.5%$1,267,951

If you rented it out

-$11,366.32per month out of pocket
Rent$0.00
Everything it costs to hold$11,366.32
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.