111 MARGARET Drive, Blue Mountains, ON

$2,999,000
MLS#:X10436233
7 beds
3 baths
3500-5000 sqft
10.0 parking
Residential Freehold
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Property no longer active

This property was sold on February 4, 2025. 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 Blue Mountains. Expertly crafted featuring premium log and stone construction, this residence presents an exceptional opportunity offered at $2,999,000 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.

  • 7 Bedrooms and 3 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 133.83 x 330 ft lot
  • Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Countertop Range, Water Heater Owned, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Perched above the shimmering waters of Georgian Bay and nestled near Alpine and Craigleith Ski Clubs, this magnificent log home lies in the heart of Craigleith in the Blue Mountains. For those who appreciate the timeless beauty of a true log home, this residence offers a perfect embodiment of craftsmanship. Each log retains its natural shape, meticulously hand-stripped of outer bark and cambium to reveal its raw essence. This artistry not only creates a visually striking home but ensures its durability for generations to come, all while reducing industrial impacts on pollution, energy consumption, and waste. This expansive luxury retreat, designed to be multigenerational, faces south, with its grounds backing onto the untouched crown land of Craigleith Provincial Park, offering a sense of limitless space and privacy that will remain undisturbed. Inside, the main floor reveals an elegant, open-concept design that seamlessly blends warmth and grandeur. The large eat-in kitchen serves as a central hub for gathering, while the impressive two-story great room—boasting 25-foot ceilings, a towering stone fireplace, and expansive picture windows—invites guests to bask in stunning winter views of the escarpment. Complementing this space are a formal dining room, a mudroom with a powder room, two primary bedrooms with ensuite baths, and a cozy den. The upper level is equally remarkable, with five spacious bedrooms, two well-appointed bathrooms, and multiple rooms offering views of Georgian Bay. A walkout leads to an upper deck, while a sprawling family or games room creates a haven for relaxation and entertainment. Below, the expansive lower level presents boundless potential. With 2,788 square feet of space, 10-foot ceilings, roughed-in plumbing for a bathroom, and a fireplace ready to be completed, it awaits the next owner's vision to unlock its possibilities and further enhance this extraordinary home.

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Property Summary

This detached home located at 111 MARGARET Drive, Blue Mountains is currently for sale and has been available on SousaSells for 663 days. This property is listed at $2,999,000 with an estimated mortgage of $9,983* per month. It has 7 beds, 3 bathrooms, and is 3500-5000 square feet. 111 MARGARET Drive, Blue Mountains is in the Blue Mountains neighborhood.

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

Key Features

Bedrooms
7
Bathrooms
3
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 17, 2025
Sold price information is available to members only
Listed Date9/23/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleLog
ConstructionLog, Stone
BasementUnfinished, Full
Lot Size133.83 × 330 Acres
CountyGrey County
Annual Tax$14,466.27
Legal DescriptionLT 8 PL 880; THE BLUE MOUNTAINS

Parking & Garage

Parking Total10.0
Parking Space6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf

Interior Features

Countertop Range, Water Heater Owned, Sump Pump, Central Vacuum

Security Features

Alarm System, Security System, Smoke Detector

Community Features

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Location

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111 MARGARET Drive, Blue Mountains, 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 111 MARGARET Drive, Blue Mountains, ON L9Y 0T5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$899,700 (30.0%)
* Minimum Canadian down payment required for this price is $599,800.
Amortization Period30 Years
Estimated Monthly Payment$9,983Based on a loan of $2,099,300 over 30 years.
Purchase Price$2,999,000
Loan Amount$2,099,300
Provincial Land Transfer Tax:$61,450
Total Estimated Closing Taxes:$61,450

About Purchasing a Home in Blue Mountains, ON

For a property listed at $2,999,000 in Blue Mountains, the legal minimum down payment is $599,800 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 $61,450 for this transaction. As this listing is in Blue Mountains (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $61,450.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,405,629

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.