Homula Realty Brokerage
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94 McLay Drive, Assiginack, ON P0P 1Z0

1 bed · 1 kitchen · 1 rooms · 10 parking spaces · Vacant Land
$197,900
Property tax
$850 / year

Waterfront Isn't Just a Dream-It's Ready for You. Opportunities like this don't come along often. Set on 1.476 private acres with 150 feet of clean waterfront on beautiful South Bay, this unique Manitoulin Island property offers the perfect combination of privacy, recreation, and future potential. With year-round municipal road access, you can enjoy every season with ease. Unlike many waterfront lots, this property is ready to use from day one. Spend this summer swimming from the clean shoreline, launching your kayak, casting a line, or gathering around the campfire under a sky filled with stars. A charming bunkie and the included 2017 Jay Flight SLX travel trailer (sleeping up to 8 with a kitchenette and 3-piece bath) mean you can start making memories immediately while planning your future cottage or dream home. Existing solar equipment provides an excellent head start for off-grid or sustainable living.The property features a beautiful mix of mature trees and open clearings, giving you the flexibility to build while maintaining privacy. Whether you're looking for a family getaway, a peaceful retreat, or a waterfront investment, this property offers endless possibilities.Located less than 20 minutes from the MS Chi-Cheemaun Ferry in South Baymouth, you'll have convenient access to the island while enjoying everything Manitoulin is famous for-boating, fishing, hiking, wildlife, and some of Ontario's most breathtaking scenery.Properties that offer year-round access, usable waterfront, existing accommodations, and exceptional value are becoming increasingly difficult to find.Come walk the shoreline, experience the peace and quiet, and discover why so many people fall in love with Manitoulin Island. Your waterfront escape is waiting.

MLS number
X13671552
Type
Vacant Land
Status
Active
Bedrooms
1
Bathrooms
0
Postal code
P0P 1Z0
Photos
37
Laundry
Not in the unit
32days · 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.

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.

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

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 450 people.

$60,800Median household income
91.8%Own their home
93.3%Detached houses
59.6Median age
13%Born outside Canada
7.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35510085 — the few blocks around this address, home to 450 people. It describes the area, not this property.

450Population
54.2Average age
2Household size
$70,000Average household income
$60,800Median household income
92%Own their home
8%Rent
0%Condominiums
13%Born outside Canada
8%University degree
$320,000Average home value
23%Low income
84%Not in the labour force
13%Never married
Under $5,0004%
$10,000 to $14,9992%
$15,000 to $19,9994%
$20,000 to $24,9994%
$25,000 to $29,9994%
$30,000 to $34,9994%
$35,000 to $39,9996%
$40,000 to $44,9996%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,9999%
$70,000 to $79,9999%
$80,000 to $89,9996%
$90,000 to $99,9992%
$100,000 and over15%
$100,000 to $124,9996%
$125,000 to $149,9996%
$150,000 to $199,9992%
$200,000 and over2%

Percentages are of the 265 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.

$39,580 · minimum here is $9,895
$876.26per month
Borrowed before insurance$158,320
Total borrowed$158,320
Interest over 25 years at 4.5%$104,558

If you rented it out

-$947.09per month out of pocket
Rent$0.00
Everything it costs to hold$947.09
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 RIGHT AT HOME REALTY. Listing data provided by the Toronto Regional Real Estate Board.