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695 Griggs Island Jack Lake WAO Island, Havelock-Belmont-Methuen, ON K0L 1A0

3 beds · 1 bath · 1 kitchen · 4+1 rooms · 700-1100 sq ft · Detached
$599,000
Property tax
$2,935 / year

Escape to Island living on Jack Lake. Experience the privacy, peace, and adventure of true water-access-only cottage living on highly sought-after Griggs Island. This beautifully maintained, rustic three-bedroom, three-season Whitmore cottage offers an authentic oppurtunity to unplug and enjoy everything cottage life has to offer. The property features a seperate 10' x 10' three-piece bathroom and laundry building, conveniently located just steps from the cottage. A substantial 280sq. ft. dry boathouse with workshop provides excellent storage for boats, tools and cottage essentials. Set on a large, exceptionally private lot, the property boasts beautiful eastern-exposed waterfront with deep, clean, weed-free water ideal for swimming, boating and enjoying the peaceful mornings on the lake. Spend summer evenings gathered around the fire, explore Jack Lake by boat, or simply relax and take in the tranquility of your own island retreat. This rare oppurtunity on Griggs Island allows you to embrace the quintessential Jack Lake lifestyle-private, peaceful and accessible only by water.

MLS number
X13742752
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
K0L 1A0
Photos
24
8days · this listing
8days · 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

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.

$119,800 · minimum here is $34,900
$2,652.24per month
Borrowed before insurance$479,200
Total borrowed$479,200
Interest over 25 years at 4.5%$316,473

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.

-$1,898.83per month out of pocket
Rent$998.00
Everything it costs to hold$2,896.83
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 Engel & Volkers Kawarthas, Port Credit. Listing data provided by the Toronto Regional Real Estate Board.