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38 Island 130 Severn River, Georgian Bay, ON L0K 1S0

2 beds · 1 bath · 1 kitchen · 5 rooms · < 700 sq ft · Detached
$399,900
Property tax
$2,185 / year

BOAT ACCESS - Welcome to your own private escape on Beechwood Island, where privacy, natural beauty & peaceful waterfront living come together. This adorable 522 sq. ft. cottage enjoys an impressive 339 ft. of incredibly private waterfront, tucked away on a secluded back bay with Crown land directly across & beside the property - no neighbours in sight. The 0.63 acre lot is surrounded by towering pine trees, granite outcroppings & a large natural rock wall that creates an added sense of privacy from the other side of the island. Explore the island's walking trails, relax by the water & watch for wildlife or take advantage of the Trent Severn Waterway & explore the local lakes! Inside, the cottage features an open-concept kitchen, living & dining area with windows spanning the front of the cottage, filling the space with natural light & beautiful lake views. A newer pine ceiling & wood stove create the perfect cozy atmosphere for relaxing evenings. The main bedroom offers an additional adjoining room currently set up as a second bedroom, plus a 3pc bathroom with a newer incinerating toilet. Gloucester Pool has controlled water levels & is a full service lake with multiple restaurants, marinas & just one lock from Georgian Bay. Located 1.5 hours from the GTA & a 5 minute boat ride from the closest marinas. This cottage comes fully furnished & is ready for you to enjoy this year.

MLS number
X13695302
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
L0K 1S0
Photos
41
Laundry
Not in the unit
24days · 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.

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.

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 1,155 people.

$92,000Median household income
94.3%Own their home
98.1%Detached houses
59.2Median age
11.9%Born outside Canada
24.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440275 — the few blocks around this address, home to 1,155 people. It describes the area, not this property.

1,155Population
53.4Average age
2.1Household size
$147,000Average household income
$92,000Median household income
94%Own their home
6%Rent
3%Condominiums
12%Born outside Canada
25%University degree
$988,000Average home value
11%Low income
100%Not in the labour force
18%Never married
Under $5,0001%
$5,000 to $9,9991%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9993%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9995%
$100,000 and over30%
$100,000 to $124,9997%
$125,000 to $149,9995%
$150,000 to $199,9998%
$200,000 and over10%

Percentages are of the 790 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.

$79,980 · minimum here is $19,995
$1,770.67per month
Borrowed before insurance$319,920
Total borrowed$319,920
Interest over 25 years at 4.5%$211,281

If you rented it out

-$1,952.75per month out of pocket
Rent$0.00
Everything it costs to hold$1,952.75
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 - Clarke Muskoka Realty. Listing data provided by the Toronto Regional Real Estate Board.