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Listed 4 months ago

9 - 2769 MUSKOKA 117 Road

Mclean, Lake of Bays

$1,500,000

Detached|1 1/2 Storey
1 | 1 | 4 | 0
About this home

Developers take note of this outstanding opportunity - this 1 acre, 210 foot waterfront lot with an early 1950s vintage cottage is just one piece of a larger combined offering which totals 36 acres and boasts 1,360 feet of prime waterfront in the coveted Lake of Bays region of Muskoka. This strategic waterfront lot is to be sold in conjunction with the adjacent vacant lands known as Baysville Shores (please see MLS #13021772), where this parcel presents a developer with a variety of possibilities to complement the mixed-use development there, or perhaps hold for your own personal cottage location - either way this provides a prime development link for enjoyment of all that Lake of Bays has to offer. Two other offerings at The Landscapes are also available - bulk purchase of 12 fractional intervals (MLS#13021834) - and approved development plan for 44 units / 440 more intervals (MLS#13021806). Call today for further details and to discuss how this fits within your portfolio.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$3,672
mls© NumberX13021792
Listed ByChestnut Park Real Estate

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,678
Property tax
$306
Heat allowance
$150
Housing costs
$8,134 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $300,000
25-yr amortization

Income needed

$250,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$300,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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