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107 SCARLETT Road, Machar, ON P0A 1X0

2 beds · 2 baths · 1 kitchen · 7 rooms · 11 parking spaces · 700-1100 sq ft · Detached
$724,900
Property tax
$3,034 / year

Discover the potential of this waterfront cottage, offering a chance to own a piece of this peaceful setting. Whether you're looking for a weekend retreat, a renovation project, or the perfect location to build your future getaway, this property is full of possibilities. Enjoy beautiful water views, direct waterfront access, and the tranquility of cottage living. Large firepit area for entertainment, dock, a 24x26 detached garage with circular driveway and year round municipal road access. Eagle Lake in South River is a spring fed lake 2.5 hours north of Toronto.

MLS number
X13568216
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
P0A 1X0
Photos
38
58days · this listing
58days · 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

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 564 people.

$73,000Median household income
92.9%Own their home
94.6%Detached houses
60.8Median age
8.8%Born outside Canada
17.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490224 — the few blocks around this address, home to 564 people. It describes the area, not this property.

564Population
55.1Average age
2Household size
$86,000Average household income
$73,000Median household income
93%Own their home
7%Rent
0%Condominiums
9%Born outside Canada
17%University degree
$560,000Average home value
13%Low income
15%Never married
Under $5,0001%
$10,000 to $14,9991%
$20,000 to $24,9991%
$25,000 to $29,9995%
$30,000 to $34,9993%
$35,000 to $39,9995%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9998%
$60,000 to $69,9998%
$70,000 to $79,9998%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over24%
$100,000 to $124,9997%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over4%

Percentages are of the 380 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.

$144,980 · minimum here is $47,490
$3,209.70per month
Borrowed before insurance$579,920
Total borrowed$579,920
Interest over 25 years at 4.5%$382,990

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.

-$2,254.53per month out of pocket
Rent$1,208.00
Everything it costs to hold$3,462.53
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 BROKER ONTARIO LTD.. Listing data provided by the Toronto Regional Real Estate Board.