Homula Realty Brokerage
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383 Fire Route 59 Route, Havelock-Belmont-Methuen, ON K0L 1Z0

4 beds · 1 bath · 1 kitchen · 9 rooms · 7 parking spaces · 1500-2000 sq ft · Detached
$729,000
Property tax
$4,126 / year

Cottages like this don't come around often! This amazing property features over 1,500 SQFT of living space in a bright, open-concept, well-thought-out floor plan. Inside, enjoy a sitting area, den, living room, spacious dining room, functional kitchen, and 4 great-sized bedrooms. It is absolutely perfect for a multi-generational family to share the joys of cottage ownership on a private, beautifully treed lakefront lot. Offering over 166 feet of shoreline, this property has so much to offer inside and out. Interior highlights include hardwood floors under the broadloom, tons of natural light from the many windows and skylights, and 2 cozy wood stoves. Outdoors, you'll find a massive 500 SQFT deck perfect for entertaining, a covered porch, a private bunkie, an outhouse, and an oversized garage for all your toys. Step down to the water to find a new dock, a wonderful lakeside firepit area for cozy nights, and stunning views from every angle. The waterfront features a safe, shallow entry that is perfect for kids and fishing enthusiasts alike. Cordova Lake is a fantastic destination for cottaging or year-round living, and with a few small changes, this property can easily become a four-season retreat. Super clean and move-in ready! Year Round Road Dues - $350 for the year. Access to Snow Mobile /OFSC trails right on the lake. Bell Fibe Available.

MLS number
X13693846
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
1
Postal code
K0L 1Z0
Photos
29
23days · this listing
62days · this property (2 listings)

This home has been listed 2 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

62 days on the market across 2 listings
This listing shows 23 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

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 home is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

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.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$145,800 · minimum here is $47,900
$3,227.85per month
Borrowed before insurance$583,200
Total borrowed$583,200
Interest over 25 years at 4.5%$385,156

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.

-$2,356.69per month out of pocket
Rent$1,215.00
Everything it costs to hold$3,571.69
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 SIGNATURE REALTY. Listing data provided by the Toronto Regional Real Estate Board.