Homula Realty Brokerage
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12 Silver Birch Circle, McKellar, ON P2A 0B5

2 beds · 1 bath · 1 kitchen · 5 rooms · 10 parking spaces · 700-1100 sq ft · Detached
$739,000
Property tax
$1,983 / year

Fully furnished four season cottage on municipal paved road with 165 feet of Lake Manitouwabing deep water shoreline on a well treed private property. This loved and looked after family cottage features a beautiful kitchen, a Murphy bed in the main room, large front deck and over hang roof extending the cottage seasons. There are glass railings on the cottage deck and at the water allowing everyone to enjoy the view. Spend time at the gorgeous granite firepit down at the lake enjoying those cottage nights. There is a large and small shed providing great additional storage. Boat to many of the lake's destinations such as The Manitou Ridge Golf Club with lakeside restaurant, The Manitouwabing Outpost, or either Marina, Glenwood or Tait's Landing.

MLS number
X13683862
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
P2A 0B5
Photos
50
25days · this listing
25days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

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 863 people.

$79,000Median household income
95.5%Own their home
98.8%Detached houses
62Median age
14.8%Born outside Canada
11.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490191 — the few blocks around this address, home to 863 people. It describes the area, not this property.

863Population
56.5Average age
2Household size
$84,400Average household income
$79,000Median household income
96%Own their home
5%Rent
0%Condominiums
15%Born outside Canada
12%University degree
$740,000Average home value
10%Low income
12%Never married
Under $5,0001%
$10,000 to $14,9991%
$20,000 to $24,9992%
$25,000 to $29,9993%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over27%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over4%

Percentages are of the 560 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.

$147,800 · minimum here is $48,900
$3,272.13per month
Borrowed before insurance$591,200
Total borrowed$591,200
Interest over 25 years at 4.5%$390,440

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$2,205.38per month out of pocket
Rent$1,232.00
Everything it costs to hold$3,437.38
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 RE/MAX Parry Sound Muskoka Realty Ltd. Listing data provided by the Toronto Regional Real Estate Board.