Homula Realty Brokerage
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G1686 Rainy Lake, Rainy River Remote Area, ON P9A 3M3

3 beds · 2 baths · 1 kitchen · 7 rooms · Detached · 25 days on market
$675,000
Property tax
$390 / year

Canadian Island Retreat! Escape to your own private paradise with this spectacular 5+ acre island property, surrounded by Crown land and sparkling water for the ultimate in peace and privacy. This beautifully crafted 20-year-old log home is designed for year-round living and offers 3 bedrooms and 2 full bathrooms, with the comfort of flush toilets and a septic system. The heart of the home is a stunning kitchen featuring a cook stove, while the spacious living room is warmed by a cozy fireplace. Large windows capture breathtaking lake views from nearly every room, and the expansive deck and upper balcony provide the perfect places to relax and take in the scenery from every angle around the point. A separate 10-year-old guest cabin with an open-concept design offers comfortable accommodations for family and friends. Additional features include two outhouses, a tool shed, and a generator shed. Powered by solar and propane, this exceptional property combines off-grid independence with modern comfort. Boats, kayaks, tools, and more are included, making it easy to step into the island lifestyle and begin creating unforgettable memories from day one.St

MLS number
X13569038
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
P9A 3M3
Photos
50
61days · 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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$135,000 · minimum here is $42,500
$2,988.75per month
Borrowed before insurance$540,000
Total borrowed$540,000
Interest over 25 years at 4.5%$356,626

If you rented it out

-$3,021.25per month out of pocket
Rent$0.00
Everything it costs to hold$3,021.25
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 NORTHWEST REALTY LTD.. Listing data provided by the Toronto Regional Real Estate Board.