Homula Realty Brokerage
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1 A307 Island, The Archipelago, ON P0G 1K0

5+1 beds · 5 baths · 1 kitchen · 14+1 rooms · 3500-5000 sq ft · Detached
$6,700,000
Property tax
$13,304 / year

Once in a very long while, an opportunity so rare and so captivating comes along that it stirs the senses and pulls gently at your heartstrings. There are places you admire and places you remember. And then, there are places that make you never want to leave. Welcome to Illahee - preeminence defined, in every sense. Just a few minutes from the historic Pointe au Baril Ojibway Club, this extraordinary 3.2-acre offering is prominently positioned on an outer island, at the edge of the vast, crystal-clear blue waters of Georgian Bay. Comprised of two adjacent private islands, this a private world unto itself. The topography is flat. The views are surreal. And the buildings are true architectural masterpieces. With over 4600 square feet of gracious indoor living space, 5+ bedrooms, 5 baths and five wood-burning granite fireplaces, plus over 3900 square feet of outdoor deck and craftsman-laid stone patios, the stage is set for large family gatherings, grand dinner parties with friends and neighbours, and intimate, candlelit moments beneath the stars on the flagstone terrace. Illahee. A place of rare distinction. A place to be remembered. A place to stay.

MLS number
X13732894
Type
Detached
Status
Active
Bedrooms
6
Bathrooms
5
Postal code
P0G 1K0
Photos
50
10days · this listing
10days · 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.

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 979 people.

$83,000Median household income
92%Own their home
100%Detached houses
60.4Median age
9.5%Born outside Canada
22.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35490210 — the few blocks around this address, home to 979 people. It describes the area, not this property.

979Population
55.1Average age
1.9Household size
$94,800Average household income
$83,000Median household income
92%Own their home
8%Rent
0%Condominiums
10%Born outside Canada
23%University degree
$772,000Average home value
10%Low income
97%Not in the labour force
15%Never married
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9992%
$25,000 to $29,9996%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9994%
$45,000 to $49,9992%
$50,000 to $59,9994%
$60,000 to $69,9997%
$70,000 to $79,9994%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over28%
$100,000 to $124,99910%
$125,000 to $149,9996%
$150,000 to $199,9997%
$200,000 and over5%

Percentages are of the 675 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.

$1,340,000 · minimum here is $1,340,000
$29,666.15per month
Borrowed before insurance$5,360,000
Total borrowed$5,360,000
Interest over 25 years at 4.5%$3,539,845

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.

-$19,607.82per month out of pocket
Rent$11,167.00
Everything it costs to hold$30,774.82
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 SOTHEBY'S INTERNATIONAL REALTY CANADA. Listing data provided by the Toronto Regional Real Estate Board.