20 Lake Huron Drive, Central Manitoulin, ON

$245,000
MLS#:X9360296
1 beds
0 baths
Residential Freehold
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Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Central Manitoulin. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $245,000 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.

  • 1 Bedroom and 0 Bathrooms
  • Spacious lot size measured in Acres
  • Notable attributes: None

Description

This is the dream lot you have been waiting for! Stunning, clear water & 150 feet of waterfrontage right on Lake Huron. Nearly 2 acres of gorgeous property to call your own. You will appreciate the privacy of this residential lot as you watch the sun rise and set from your own piece of paradise! Impressive limestone beach and the limestone shelf carries into the pristine water...where you can walk out (3-4 ft. depth), and the water 'warms' here in the summer. Absolutely delightful. The Bunkie is perfect for your overnight getaways with a deck so you can enjoy not only the limestone beach, but also take in all the outdoors have to offer! Perfect retreat during the week or on weekends. Your private driveway has already been installed - so the work is done! Public road maintained year round for easy access. Hydro at the road. Waiting for you to come and enjoy everything Manitoulin Island has to offer! Could be your opportunity to build your lakefront dream home! Don't miss this one!

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Property Summary

This vacant land located at 20 Lake Huron Drive, Central Manitoulin is currently for sale and has been available on SousaSells for 665 days. This property is listed at $245,000 with an estimated mortgage of $816* per month. It has 1 bed, 0 bathrooms, and is unknown square feet. 20 Lake Huron Drive, Central Manitoulin

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

Key Features

Bedrooms
1
00
Property Type
Residential Freehold

Additional Details

StatusTerminated
Listed Date9/19/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
CountyManitoulin
Annual Tax$928
Legal DescriptionPCL 2186 SEC MANITOULIN; LT 20 PL 31M198; S/T LT7207; CENTRAL MANITOULIN

Heating & Cooling

Features

Property Features

Lake Access, Lake/Pond

Interior Features

None

Security Features

Community Features

Location

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20 Lake Huron Drive, Central Manitoulin, ON

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 20 Lake Huron Drive, Central Manitoulin, ON P0P 1E0

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 Central Manitoulin.

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Interest Rate4.00%
Down Payment$73,500 (30.0%)
* Minimum Canadian down payment required for this price is $12,250.
Amortization Period30 Years
Estimated Monthly Payment$816Based on a loan of $171,500 over 30 years.
Purchase Price$245,000
Loan Amount$171,500
Provincial Land Transfer Tax:$2,175
Total Estimated Closing Taxes:$2,175

About Purchasing a Home in Central Manitoulin, ON

For a property listed at $245,000 in Central Manitoulin, the legal minimum down payment is $12,250 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 $2,175 for this transaction. As this listing is in Central Manitoulin (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,175.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$895,569

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.