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266 Cheer Lake Road, Strong, ON P0A 1Z0

3 beds · 2 baths · 1 kitchen · 11 rooms · 7 parking spaces · 1100-1500 sq ft · Detached
$999,000
Property tax
$4,817 / year

Enjoy this 4 Season Home or Cottage Now! Stand on the beautiful exposed granite shoreline, watch the sun slowly drop west across Cheer Lake, and you'll understand why this Lake has been so sought after all these years. 266 Cheer Lake Road offers 130 feet of dramatic rock frontage on a level lot with easy access to the water for young and old alike...no steep scramble. Southwest/west exposure means long afternoon light and genuine sunset views. The immaculate 3-bedroom, 2-bathroom cottage is well optioned, yet remains practical and comfortable, with a water facing master bedroom and living room plus kitchen, and dining/den radiating with the passive glow of the sun on the maple hardwood floors. A separate two-car garage/workshop handles storage and projects. The entire property, including the 2 level bunkie and personal composting bathroom, is professionally wired for generator backup-offering reliable power when you want it. This is the cottage that feels like yours the moment you arrive: kids and guests on the level shore, evening libations on the rock and extra sleeping space for guests and a great piece of mind knowing that all tools and toys are tucked safely away with lots of space to spare. Cheer Lake stays quieter than the big-name Muskoka lakes, with vast Crown land and limited cottages on the lake you'll soon get that Almaguin feeling that so many love. Come and view this incredible low maintenance cottage with newer metal roof, on demand hot water, forced air propane furnace, upgraded appliances and so much more. This cottage has been well loved by the same family for many decades....Private showings available-reach out to schedule a time for 266 Cheer Lake Road. Excellent shape and recently repainted interior.

MLS number
X13707976
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
P0A 1Z0
Photos
32
18days · this listing
18days · 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.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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 536 people.

$67,500Median household income
86.4%Own their home
95.5%Detached houses
50.4Median age
6.5%Born outside Canada
7.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490169 — the few blocks around this address, home to 536 people. It describes the area, not this property.

536Population
46.7Average age
2.5Household size
$69,500Average household income
$67,500Median household income
86%Own their home
14%Rent
0%Condominiums
7%Born outside Canada
7%University degree
$420,000Average home value
10%Low income
19%Never married
$15,000 to $19,9992%
$20,000 to $24,9996%
$25,000 to $29,9992%
$30,000 to $34,9992%
$35,000 to $39,9996%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9999%
$60,000 to $69,9998%
$70,000 to $79,9998%
$80,000 to $89,9996%
$90,000 to $99,9996%
$100,000 and over21%
$100,000 to $124,9998%
$125,000 to $149,9994%
$150,000 to $199,9996%
$200,000 and over2%

Percentages are of the 265 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.

$199,800 · minimum here is $74,900
$4,423.36per month
Borrowed before insurance$799,200
Total borrowed$799,200
Interest over 25 years at 4.5%$527,807

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.

-$3,159.77per month out of pocket
Rent$1,665.00
Everything it costs to hold$4,824.77
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 Seagram Real Estate Ltd.. Listing data provided by the Toronto Regional Real Estate Board.