Homula Realty Brokerage
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730 124 Highway, McKellar, ON P0G 1C0

4+1 beds · 4 baths · 1 kitchen · 16 rooms · 12 parking spaces · 2000-2500 sq ft · Detached
$1,590,000
Property tax
$5,003 / year

Newly built and thoughtfully designed, this 4-season cottage or year-round home perched on a stunning granite outcropping overlooking McKellar Lake. Offering an impressive combination of space, comfort and classic Northern Ontario waterfront, this recent build has been crafted with vaulted ceilings and a frame-worthy wall of westerly facing windows that draws your attention toward the lake, filling the home with natural light and creating a seamless connection to the outdoors. A floor-to-ceiling stone fireplace anchors the main living area, adding warmth and character while providing a natural gathering place for family and friends.With more than 2,400 sq. ft. of finished living space, 4+ bedrooms and 4 bathrooms, there is plenty of room to comfortably accommodate family and guests. The open-concept design brings together the kitchen, dining and living areas, creating a bright and welcoming space equally suited to relaxed weekends at the lake, entertaining a crowd or year-round living. Outside, approximately 2.4 acres and 165 feet of shoreline provide an appealing sense of privacy and space. Granite rock, mature trees and a natural shoreline create the unmistakable character of cottage country, while the lake is always at the centre of the experience. Beautifully finished, generously sized and offered with furnishings included, this property allows you to simply arrive, settle in and start enjoying life on McKellar Lake. McKellar is a great cottage community that has a one-stop general store, active community centre, ball diamond, outdoor rink, multiple beaches and parks with features such as a weekly market, fall fair, Scoobies and Bistro 685. There is also a nearby public boat launch that provides easy access to McKellar Lake for launching boats & toys.

MLS number
X13748240
Type
Detached
Status
Active
Bedrooms
5
Bathrooms
4
Postal code
P0G 1C0
Photos
44
6days · this listing
178days · this property (3 listings)

This home has been listed 3 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.

Listing history

178 days on the market across 3 listings
This listing shows 6 days on its own. The counter restarts each time a property is relisted, so the total above is how long it has actually been for sale. Time when it was off the market is not counted.

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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.

$318,000 · minimum here is $318,000
$7,040.18per month
Borrowed before insurance$1,272,000
Total borrowed$1,272,000
Interest over 25 years at 4.5%$840,053

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.

-$4,807.09per month out of pocket
Rent$2,650.00
Everything it costs to hold$7,457.09
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.