479 DOE LAKE Road, Armour, ON

$239,900
MLS#:X10899492
1 beds
0 baths
< 700 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on July 9, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Log detached located in the coveted neighborhood of Armour. Expertly crafted featuring premium log construction, this residence presents an exceptional opportunity offered at $239,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 1 Bedroom and 0 Bathrooms
  • Generous living space spanning < 700 sqft on a spacious lot (Acres)
  • 4.0 total parking spaces available
  • Notable attributes: Propane Tank
  • Efficient other heating via propane

Description

Raðljóst, a place where there is just enough light. Surrounded by mature trees, and set back from the road this gorgeous square timber log cabin was built in the 1850s. A perfect place to disconnect, you will enjoy the sound of the breeze through the trees, and the sun cascading through the large picture window. A lovely retreat in all seasons, this semi off-grid cabin will provide you with a comfortable escape from the every day. Hydro has been installed, and a propane space heater to take the chill off in the cooler nights. Or you may choose the ambiance of the wood burning stove while you unwind and gaze at the starlit sky. Just a 3 minute drive from Doe Lake Municipal Park where you will find a beautiful sandy beach, large play structure for the kids and a boat launch. All of the amenities you need are located in the Village of Katrine, just 5 minutes down the road. Enjoy everything this property has to offer as your own retreat, or take advantage of as already very successful short term rental business.

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Property Summary

This detached home located at 479 DOE LAKE Road, Armour is currently for sale and has been available on SousaSells for 773 days. This property is listed at $239,900 with an estimated mortgage of $799* per month. It has 1 bed, 0 bathrooms, and is < 700 square feet. 479 DOE LAKE Road, Armour is in the Armour neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
1
0
Kitchens
1
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date6/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleLog
ConstructionLog
BasementNone
CountyParry Sound
Annual Tax$1,402
Legal DescriptionPT LT 6 CON 2 ARMOUR PT 1 42R10795; ARMOUR

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourcePropane
Heat TypeOther
CoolingNone

Features

Property Features

Interior Features

Propane Tank

Security Features

Community Features

Location

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479 DOE LAKE Road, Armour, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 479 DOE LAKE Road, Armour, ON P0A 1L0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Armour.

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Interest Rate4.00%
Down Payment$71,970 (30.0%)
* Minimum Canadian down payment required for this price is $11,995.
Amortization Period30 Years
Estimated Monthly Payment$799Based on a loan of $167,930 over 30 years.
Purchase Price$239,900
Loan Amount$167,930
Provincial Land Transfer Tax:$2,124
Total Estimated Closing Taxes:$2,124

About Purchasing a Home in Armour, ON

For a property listed at $239,900 in Armour, the legal minimum down payment is $11,995 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,124 for this transaction. As this listing is in Armour (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,124.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Armour, Armour.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$661,611

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.