Homula Realty Brokerage
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6 Wendy's Lane, McKellar, ON P2A 0B5

1 bed · 1 kitchen · 2 rooms · < 700 sq ft · Vacant Land
$719,000
Property tax
$1,780 / year

Fully furnished one bedroom cabin with 469 feet of Lake Manitouwabing shoreline. This point of land property sits on 3+ acres and a year round municipal paved road. The cabin has a kitchen and sitting room, plus a bunkie for additional guests. The sectional in the cabin turns into a sofa bed as does the daybed in the bunkie. Hydro hookup available under the water. Both buildings have solar powered lighting and fans. The property includes an outdoor on demand hot water shower, composting toilet, docking system, and a natural boat launch. Appliances are three propane fridges and stove which are included. The BBQ, fire table and generator are also included. With its beautiful outcropping rock shoreline and gorgeous big lake views, it's an ideal spot to enjoy now or build your dream cottage. 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
X13729494
Type
Vacant Land
Status
Active
Bedrooms
1
Bathrooms
0
Postal code
P2A 0B5
Photos
47
Laundry
Not in the unit
13days · 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.

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 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.

$143,800 · minimum here is $46,900
$3,183.58per month
Borrowed before insurance$575,200
Total borrowed$575,200
Interest over 25 years at 4.5%$379,873

If you rented it out

-$3,331.91per month out of pocket
Rent$0.00
Everything it costs to hold$3,331.91
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.