Homula Realty Brokerage
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1 Christopher Lane, Armour, ON P0A 1C0

3 beds · 1 bath · 1 kitchen · 6 rooms · 8 parking spaces · 700-1100 sq ft · Laundry on the lower level level · Detached
$559,000
Property tax
$1,728 / year

Stop dreaming about country living and make it a reality at 1 Christopher Lane in Armour, where this comfortable three-bedroom bungalow sits on nearly two acres of flat, peaceful land. Inside, the bright kitchen leads straight out to a large back deck perfect for enjoying the outdoors and watching local wildlife like deer and wild turkeys. Downstairs, the basement features a separate entrance with great potential for a home office or guest suite, while the real highlight is the detached, heated two-car garage-a fully insulated space equipped with a mini-split system for heating and cooling, a 240V outlet, and a durable steel roof. Built for year-round comfort, the home includes major updates like new shingles (2021), propane forced-air heat, an on-demand hot water heater, and a GenerLink generator hookup for total peace of mind. Best of all, you get to enjoy complete privacy while staying just minutes from Highway 11, town amenities, local golf courses, and the stunning lakes of the Almaguin Highlands.

MLS number
X13599640
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
P0A 1C0
Photos
50
Laundry
Lower Level level
51days · 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 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

$111,800 · minimum here is $30,900
$2,475.13per month
Borrowed before insurance$447,200
Total borrowed$447,200
Interest over 25 years at 4.5%$295,339

If you rented it out

-$2,619.13per month out of pocket
Rent$0.00
Everything it costs to hold$2,619.13
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.