Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

566 Hungry Bay Road W, Georgian Bay, ON L0K 1S0

3 beds · 1 bath · 1 kitchen · 9 rooms · 6 parking spaces · 1100-1500 sq ft · Detached
$1,098,000
Property tax
$6,597 / year

Welcome to your dream lakeside escape! This 3-bedroom, 1-bath cottage sits so close to the water it feels like you're living on a ship, perfect for sunrise coffee or summer dining! Enjoy deep, crystal-clear swimming right off the dock and effortless midnight dips in the moonlight. The property's western exposure fills every afternoon with golden sunshine and ends each day with breathtaking sunsets over the lake. The orioles Toronto Dominion Centre gazebo catches every breeze, keeping things cool and bug-free, while the spacious deck and big grill make entertaining family and friends a joy. Set on a Township-maintained, four-season road just minutes off Highway 400, this cottage offers unbeatable convenience without sacrificing tranquility. A partial boathouse with marine rail adds character and function, and the 800 sq. ft. four-season studio bunkie with its own bathroom and attached garage (built in 2011) provides amazing versatility-ideal as a guest suite, creative studio, or private retreat. Surrounded by mature trees and friendly neighbours set back up the hill, you'll enjoy exceptional privacy, sunshine, and calm, sheltered waters on the 50+ km McDonald-Gibson Provincial Canoe Route. Whether you're paddling, swimming, grilling, or relaxing in the gazebo, this is lakeside living at its absolute best!

MLS number
X13745808
Type
Detached
Status
Active
Bedrooms
3
Bathrooms
1
Postal code
L0K 1S0
Photos
44
Laundry
Not in the unit
8days · 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 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 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 703 people.

$78,500Median household income
92.9%Own their home
100%Detached houses
62.4Median age
14.4%Born outside Canada
41.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35440256 — the few blocks around this address, home to 703 people. It describes the area, not this property.

703Population
57.2Average age
1.8Household size
$136,000Average household income
$78,500Median household income
93%Own their home
7%Rent
0%Condominiums
14%Born outside Canada
42%University degree
$950,000Average home value
12%Low income
13%Never married
Under $5,0001%
$15,000 to $19,9992%
$20,000 to $24,9993%
$25,000 to $29,9995%
$30,000 to $34,9993%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over28%
$100,000 to $124,9995%
$125,000 to $149,9994%
$150,000 to $199,99910%
$200,000 and over10%

Percentages are of the 525 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.

$219,600 · minimum here is $84,800
$4,861.71per month
Borrowed before insurance$878,400
Total borrowed$878,400
Interest over 25 years at 4.5%$580,112

If you rented it out

-$5,411.46per month out of pocket
Rent$0.00
Everything it costs to hold$5,411.46
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 Corcoran Horizon Realty. Listing data provided by the Toronto Regional Real Estate Board.