Homula Realty Brokerage
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532 10th Concession Road 8-2, Rideau Lakes, ON K0G 1X0

2 beds · 3 baths · 1 kitchen · 8 rooms · 2 parking spaces · 1500-2000 sq ft · Att/Row/Townhouse
$49,900

Welcome to Wolfe Springs Resort! Enjoy fractional ownership at this 4-season vacation property with the use of all the resort amenities and enjoyment of beautiful Wolfe Lake near Westport, Ontario. This two-storey, middle unit villa features 2 bedrooms, 3 bathrooms, large kitchen with granite countertops, stainless steel appliances, sunken living room with propane fireplace and views of the fairway. The master bedroom on the upper level is expansive and features a soaker tub and ensuite bath. The villa comes fully furnished and stocked with all you need to enjoy your 5 weeks at the lake including a washer and dryer tucked away in a hallway closet on the upper level. Make use of the recreation room, theatre room, boat house, canoes, kayaks, paddle boats, bicycles, shared golf carts and barbecue and fire pit area. The waterfront is perfect for swimming or boating with a sandy beach and dock available. This villa has the first week in July as a fixed summer week.

MLS number
X9008461
Type
Att/Row/Townhouse
Status
Active
Bedrooms
2
Bathrooms
3
Postal code
K0G 1X0
Photos
50
Laundry
Not in the unit
803days · 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

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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 551 people.

$84,000Median household income
93.5%Own their home
100%Detached houses
55.6Median age
4%Born outside Canada
18.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35070295 — the few blocks around this address, home to 551 people. It describes the area, not this property.

551Population
48.1Average age
2.2Household size
$75,500Average household income
$84,000Median household income
94%Own their home
7%Rent
0%Condominiums
4%Born outside Canada
19%University degree
$432,000Average home value
10%Low income
98%Not in the labour force
18%Never married
$15,000 to $19,9992%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9992%
$35,000 to $39,9995%
$40,000 to $44,9992%
$45,000 to $49,9995%
$50,000 to $59,9995%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9995%
$90,000 to $99,9996%
$100,000 and over27%
$100,000 to $124,9996%
$125,000 to $149,9998%
$150,000 to $199,9998%
$200,000 and over5%

Percentages are of the 330 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.

$9,980 · minimum here is $2,495
$220.95per month
Borrowed before insurance$39,920
Total borrowed$39,920
Interest over 25 years at 4.5%$26,364

If you rented it out

-$220.95per month out of pocket
Rent$0.00
Everything it costs to hold$220.95
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 PROALLIANCE REALTY, BROKERAGE. Listing data provided by the Toronto Regional Real Estate Board.