Homula Realty Brokerage
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14170 Kawagama Long Island, Algonquin Highlands, ON P0A 1E0

3 beds · 1 bath · 1 kitchen · 6 rooms · 700-1100 sq ft · Detached
$699,000
Property tax
$2,406 / year

There are so many positives to this affordable family cottage. It is located on Long Island on Kawagama Lake in one of the most quiet areas of the lake. Being on an island immediately increases your privacy BUT the lot is over an acre in area with 239 feet of shoreline which equals EXCEPTIONAL privacy. It is only 10-15 minutes from either of the marinas on the lake. The generous dock leads to a single wetslip boathouse complete with boat lift and storage room. Because the dock is angled slightly west, you can enjoy summer sun on the dock from late morning right through to evening sunsets. The shoreline is deep and clean, perfect for diving and docking. The view will take your breath away with long, long vistas of the lake. Part of the view includes a large area of Crown Land on the opposite shore known as Jeanne Bay. It is a very special area with stunning rock cliffs and a short portage that takes you directly into Jeanne Lake. It is a totally undeveloped lake surrounded by Crown land. The inviting and tidy 3 bedroom cottage was renovated in recent years including an updated kitchen complete with dishwasher and a 3pc bathroom with a washing machine. The interior is clean, crisp, airy and bright. There are decks on two sides of the cottage to enjoy the view and entice you to enjoy your meals outdoors. There is a full septic system which passed a municipal re-inspection in 2022.

MLS number
X13676988
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
P0A 1E0
Photos
46
Laundry
Not in the unit
30days · 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.

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 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.

$139,800 · minimum here is $44,900
$3,095.02per month
Borrowed before insurance$559,200
Total borrowed$559,200
Interest over 25 years at 4.5%$369,306

If you rented it out

-$3,295.52per month out of pocket
Rent$0.00
Everything it costs to hold$3,295.52
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.