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1423 Deer Lake Narrows Road, Algonquin Highlands, ON P0A 1E0

3 beds · 1 bath · 1 kitchen · 7 rooms · 5 parking spaces · 700-1100 sq ft · Detached
$349,000
Property tax
$1,089 / year

This cabin in the woods has been much loved by the same family for many, many years. But now it's time for a new family to care for it. It's situated in a cottage community near Raven Lake, just a short drive to the Village of Dorset. Although the property is not waterfront, you have the right to launch your boat or other watercraft at the private boat launch located just across the road. From there you can boat into Raven Lake or Deer Lake. There are hundreds of acres of Crown Land nearby including most of the shoreline on Deer Lake. The Haliburton Mapping image shown in the photos illustrates all the Crown Land as dark green. The recreational possibilities are endless for all seasons with snowmobile and ATV trails at your door. The cottage does need some TLC but has a lot to offer. The half-acre+ lot is mostly level with some gently sloped areas to the rear. There is a full septic system that was reinspected by the municipality in 2020. Water is drawn from a drilled well that is also treated with a UV filtration system. The interior features 3 bedrooms and a 4 pc bath. There is an open living/dining area that looks onto a deck facing toward Raven Lake. A beautiful stone fireplace anchors this space. It has an airtight insert with a stainless steel flue liner. Additional heat is supplied by electric baseboard heaters. The building is not fully winterized although it has insulated walls and ceilings. Access is via privately maintained year round road. This is a real opportunity for someone looking for an affordable getaway.

MLS number
X13591118
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
P0A 1E0
Photos
30
Laundry
Not in the unit
54days · 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.

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.

$69,800 · minimum here is $17,450
$1,545.30per month
Borrowed before insurance$279,200
Total borrowed$279,200
Interest over 25 years at 4.5%$184,389

If you rented it out

-$1,636.05per month out of pocket
Rent$0.00
Everything it costs to hold$1,636.05
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 Royal LePage Lakes Of Muskoka Realty. Listing data provided by the Toronto Regional Real Estate Board.