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1293 Causeway Drive, Algonquin Highlands, ON P0A 1E0

3 beds · 1 bath · 1 kitchen · 5 rooms · 3 parking spaces · < 700 sq ft · Detached
$399,000
Property tax
$1,747 / year

Algonquin-Esque Haven on Otter Lake - Ultimate Rustic Charm & Granite Shoreline! Escape to this enchanting, circa-1960s rustic (uninsulated) cabin on highly sought-after Otter Lake. Framed by towering mature white pines and smooth granite rock shores, this property perfectly captures the timeless spirit of cottage country. Inside, the open-concept design instantly embraces you with exposed wooden beams, old pine floors, and a cozy wood stove. Lake water to the kitchen sink. 3 small bedrooms. No indoor bathroom, at present, although there is an old-style privy. Outdoor shower with hot/cold water (needs to be reconnected), but it has with an approved, recently installed leaching pit. Oversized windows frame astounding nature views, while a walkout leads to a sprawling sundeck with unparalleled lake vistas. Enjoy a gradual wade-in shoreline that transitions to deep water, complete with an excellent floating dock for your boat. Swim or picnic on the Crown-owned island just offshore, explore endless nearby trails, and experience world-class fishing on the lake famously loved by author E.B. White. 3-season, graveled private road. Shared driveway with westerly neighbour. Instal your own driveway and a septic system for around $30,000. Located just minutes from the charming town of Dorset and an easy 2.5-hour drive from Toronto, this family-vibe retreat is ready for your next generation of memories.

MLS number
X13614840
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
P0A 1E0
Photos
44
Laundry
Not in the unit
46days · 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 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 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.

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.

$79,800 · minimum here is $19,950
$1,766.69per month
Borrowed before insurance$319,200
Total borrowed$319,200
Interest over 25 years at 4.5%$210,806

If you rented it out

-$1,912.27per month out of pocket
Rent$0.00
Everything it costs to hold$1,912.27
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 Forest Hill Real Estate Inc.. Listing data provided by the Toronto Regional Real Estate Board.