Homula Realty Brokerage
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648 Third Line Road, Frontenac Islands, ON K0H 2Y0

3 beds · 1 bath · 1 kitchen · 4+4 rooms · 8 parking spaces · 1100-1500 sq ft · Laundry on the lower level level · Detached
$679,500
Property tax
$3,342 / year

Welcome to your off-grid paradise on the north side of Reed's Bay - where "rush hour" means the herons are fishing. This 17 year old 3-bedroom, 1-bathroom home/cottage delivers bright, open-concept living with a wall of windows framing the water like a living painting. Morning light floods the space as the sun climbs over the bay, and by evening you're sinking into the deck chairs watching pinks and golds melt across the sky - because here, you're not just buying waterfront, you're buying a front-row seat to nature's daily light show. Propane heat and a wood stove let you pick your vibe: turn a dial or channel your inner lumberjack while the kettle boils. The solar system works so well you'll forget you're off-grid - all the power to run the home, none of the hydro bills. Flip a switch, plug in anything, live normally. Just without the monthly envelope from the utility company. Neighbours? Technically yes. Practically? They're specks across the fields. Wave if you want. They won't see you. Outside, the property unfolds with room to breathe and space to play on 3+ acres. An 8' x 12' garden shed holds your garden tools, while a 12' x 24' workshop/bunkie features a separation wall - one side for building projects and tinkering, the other for overnight guests or the growing fleet of watercraft you'll inevitably collect. Down at the water's edge, a dock and boat lift make launching effortless. The fire pit invites late-night storytelling under impossibly starry skies, and the wrap-around deck gives you more summer living space than you'll know what to do with. This is the cottage you actually use peaceful enough to hear yourself think, equipped as well as your home, and charming enough to make your friends promise to exchange chores for a few nights at your place. Many furnishings included with the purchase plus detailed instructions about the solar system. Boat lift included (2000 lbs). https://youtu.be/SxpSU_THIb8?si=EF8IRY87CnsnjSoq

MLS number
X13685276
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
K0H 2Y0
Photos
47
Laundry
Lower Level level
27days · 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 487 people.

$113,000Median household income
85.7%Own their home
97.1%Detached houses
42.8Median age
0%Born outside Canada
16.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35100264 — the few blocks around this address, home to 487 people. It describes the area, not this property.

487Population
42Average age
2.8Household size
$115,000Average household income
$113,000Median household income
86%Own their home
14%Rent
0%Condominiums
0%Born outside Canada
17%University degree
$500,000Average home value
4%Low income
61%Not in the labour force
20%Never married
$25,000 to $29,9992%
$35,000 to $39,9992%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9992%
$90,000 to $99,9997%
$100,000 and over38%
$100,000 to $124,99911%
$125,000 to $149,99911%
$150,000 to $199,99911%
$200,000 and over7%

Percentages are of the 280 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.

$135,900 · minimum here is $42,950
$3,008.68per month
Borrowed before insurance$543,600
Total borrowed$543,600
Interest over 25 years at 4.5%$359,004

If you rented it out

-$3,287.18per month out of pocket
Rent$0.00
Everything it costs to hold$3,287.18
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 CENTURY 21 HERITAGE GROUP LTD., BROKERAGE. Listing data provided by the Toronto Regional Real Estate Board.