Homula Realty Brokerage
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87 Killarney Bay Road, Kawartha Lakes, ON K0M 1G0

1 bath · 8 parking spaces · < 700 sq ft · Rural Residential
$749,900
Property tax
$3,272 / year

Unlock the potential of this rare residential property with commercial zoning, offering the perfect opportunity to live, work, or invest - all on 2 acres of land. The impressive 60' x 40' steel-constructed building is designed with versatility in mind, featuring dedicated office space, a retail/showroom area, a storage loft, and a spacious workshop to accommodate a variety of business or hobby needs. The shop is fully equipped with air compressor lines throughout, includes a hydraulic vehicle lift, and offers excellent accessibility with a 12x12-foot drive-in door at the front and an additional 8-foot drive-in door at the rear. Whether you're an entrepreneur, tradesperson, or looking for a property with exceptional flexibility, this unique offering combines residential comfort with outstanding commercial functionality. A rare opportunity to own a property that works as hard as you do! Showings by appointment only!

MLS number
X13610712
Type
Rural Residential
Status
Active
Bedrooms
0
Bathrooms
1
Postal code
K0M 1G0
Photos
3
Laundry
Not in the unit
47days · 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

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 624 people.

$64,500Median household income
93.1%Own their home
100%Detached houses
60Median age
8.5%Born outside Canada
8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35160112 — the few blocks around this address, home to 624 people. It describes the area, not this property.

624Population
53.1Average age
2.2Household size
$79,000Average household income
$64,500Median household income
93%Own their home
7%Rent
5%Condominiums
9%Born outside Canada
8%University degree
$456,000Average home value
12%Low income
16%Never married
$15,000 to $19,9991%
$20,000 to $24,9993%
$25,000 to $29,9996%
$30,000 to $34,9996%
$35,000 to $39,9993%
$40,000 to $44,9994%
$45,000 to $49,9996%
$50,000 to $59,9997%
$60,000 to $69,9997%
$70,000 to $79,9996%
$80,000 to $89,9996%
$90,000 to $99,9993%
$100,000 and over22%
$100,000 to $124,9997%
$125,000 to $149,9994%
$150,000 to $199,9997%
$200,000 and over4%

Percentages are of the 360 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.

$149,980 · minimum here is $49,990
$3,320.39per month
Borrowed before insurance$599,920
Total borrowed$599,920
Interest over 25 years at 4.5%$396,198

If you rented it out

-$3,593.06per month out of pocket
Rent$0.00
Everything it costs to hold$3,593.06
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 LPT Realty. Listing data provided by the Toronto Regional Real Estate Board.