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Listed 3 months ago

1099 Wolfkin Lake Road

Ridout, Lake of Bays

$1,399,000

Detached|1 1/2 Storey
3 | 0 | 16
About this home

ATTENTION ALL HUNTERS, ATV AND OUTDOOR ENTHUSIASTS! Whether you're looking for a private playground or a property large enough to share with a group this could be your perfect getaway. There are 300 acres with the ideal mix of terrain and habitat to make this a recreational paradise. You couldn't ask for a more private setting for hunting, ATV trekking or any off road activities. It's easily accessible with good road access and only minutes from the Village of Dorset. It includes a beautiful waterfront parcel on Wolfkin Lake with 6+ acres with 759 feet of shoreline complete with a 3 bedroom cabin/hunt camp. There are only a handful of cottages on Wolfkin and they are all located at one end of the lake. This property sits all by itself at the other end of the lake totally surrounded by forested privacy. The land around the cabin is almost level to the lake with a beautiful view down the length of the lake. This is an off-grid property with the perfect southern exposure and sufficient cleared area to make solar power an easy option. There's even a large garage/storage building for all your toys. This package is perfect for family use or as a base camp. Get ready to have fun!NOTE: This is an estate sale so the sellers can offer no representations or warranties related to the structures or systems

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$1,618
Lot Size759 ft x 381 ft
mls© NumberX13627660
Listed ByRoyal LePage Lakes Of Muskoka Realty

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%
$7,161
Property tax
$135
Heat allowance
$150
Housing costs
$7,446 / mo

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

Down payment20% · $279,800
25-yr amortization

Income needed

$229,000

gross annual household income

Payment at 4%
$5,887 / mo
Cash down
$279,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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