Homula Realty Brokerage
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49 Wolf Trail 16, Perry, ON P0A 1R0

3 beds · 2 baths · 1 kitchen · 12 rooms · 8 parking spaces · 1500-2000 sq ft · Detached
$1,195,000
Property tax
$5,893 / year

Welcome to Your Waterfront Escape on Bittern Lake! Set on an incredible 7.8 acre waterfront property with 560 feet of amazing shoreline, this beautiful year round home offers the perfect combination of privacy, recreation, and breathtaking waterfront living. Positioned on a gorgeous smooth rock point of land, this property enjoys panoramic north, east and southern views, providing stunning scenery and ever-changing sunsets, sunrises and reflections across the lake. The newly built oversized 25x28 ft detached double-car garage offers plenty of space for vehicles, recreational toys, storage, or a workshop, making it an exceptional addition to this already impressive property. Inside, the home features a warm and inviting open-concept main living space layout designed to take full advantage of the spectacular waterfront setting. In addition, the lower level walkout, wrap-around deck and charming screened-in Muskoka room provide plenty of spaces to relax, entertain, and enjoy your natural surroundings in every season. Bittern Lake is a 'no gas motor power' lake, offering a peaceful and serene environment to enjoy. Owners also have access to approximately 100 acres of shared recreational land which include maintained trails which provide even more opportunity to explore and enjoy the outdoors. Road maintenance including winter snow removal of the shared roadway is included in your yearly maintenance fee, adding convenience for those looking to enjoy their property all year round. This property offers an exceptional amount of land and waterfront, giving you room to roam while enjoying the privacy and tranquility that only a true waterfront retreat can provide. Bell Fibe is currently being installed along the road.

MLS number
X13745232
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
2
Postal code
P0A 1R0
Photos
50
7days · this listing
7days · 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.

$239,000 · minimum here is $94,500
$5,291.20per month
Borrowed before insurance$956,000
Total borrowed$956,000
Interest over 25 years at 4.5%$631,360

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.

-$3,790.28per month out of pocket
Rent$1,992.00
Everything it costs to hold$5,782.28
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 Realty. Listing data provided by the Toronto Regional Real Estate Board.