692 Forest Lake Road, Joly, ON

$499,000
MLS#:X12492282
4 beds
4 baths
1100-1500 sqft
25.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Joly. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $499,000 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.

  • 4 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 822 x 1703 ft lot
  • Features a finished with walk-out, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 25.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater Owned
  • Efficient forced air heating via propane

Description

Nestled in the serene landscapes just outside beautiful Sundridge, Ontario, this property offers more than a home. It's a unique opportunity to combine lifestyle, flexibility, and income potential in one. Just imagine living on over 37 acres of picturesque land while benefiting from a thoughtfully designed in-law setup, ideal for multi-generational living or generating supplemental income.The main floor welcomes you with a recently updated eat-in kitchen and a spacious living room, perfect for family gatherings or peaceful evenings. The primary suite includes a convenient 2-piece ensuite and a large walk-in dressing room, which most people see as the perfect opportunity to convert into a third bedroom. A second bedroom, a 4-piece bath, and laundry complete this level. How open-minded would you be to a property with a fully finished lower level featuring a separate entrance, a 1-bedroom/1-bath unit, plus an extra bedroom and 3-piece bath with laundry that can be used by either floor? It's the kind of flexibility that gives families, investors, or entrepreneurs endless options. Step outside and you'll find that the property continues to impress. Multiple outbuildings, a workshop, and an active sand and gravel pit offer genuine potential for entrepreneurial pursuits or simply enjoying the privacy of your land. I'm not sure if it's for you, but many buyers love the idea of leveraging the gravel pit for extra income, setting up a workshop, or exploring hobby farming. Located just 5 minutes from Sundridge, you get the best of both worlds: peaceful rural living with nearby shops, schools, and recreation. Outdoor enthusiasts will love the four-season playground, from hiking and fishing to snowmobiling and skiing. With modern comforts, income opportunities, and natural beauty, this property isn't just a place to live. It's a place to build the life you've been imagining.

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Property Summary

This detached home located at 692 Forest Lake Road, Joly is currently for sale and has been available on SousaSells for 255 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 4 beds, 4 bathrooms, and is 1100-1500 square feet. 692 Forest Lake Road, Joly is in the Joly neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
4
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusTerminated
Listed Date10/30/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFinished with Walk-Out, Finished
Lot Size822 × 1703 Feet
CountyParry Sound
Annual Tax$2,448.76
Legal DescriptionPT LT 1 CON 11 JOLY AS IN LT41526 EXCEPT PT 1 42R19037, PARTS 1 & 2 PLAN 42R22186 TOWNSHIP OF JOLY

Parking & Garage

Parking Spaces25.0
Garage Spaces25
Garage TypeDetached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingNone

Features

Property Features

Wooded/Treed, Rec./Commun.Centre

Interior Features

Water Heater Owned

Security Features

Community Features

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Location

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692 Forest Lake Road, Joly, 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 692 Forest Lake Road, Joly, ON P0A 1Z0

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 Joly.

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Interest Rate4.00%
Down Payment$149,700 (30.0%)
* Minimum Canadian down payment required for this price is $24,950.
Amortization Period30 Years
Estimated Monthly Payment$1,661Based on a loan of $349,300 over 30 years.
Purchase Price$499,000
Loan Amount$349,300
Provincial Land Transfer Tax:$6,455
Total Estimated Closing Taxes:$6,455

About Purchasing a Home in Joly, ON

For a property listed at $499,000 in Joly, the legal minimum down payment is $24,950 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 $6,455 for this transaction. As this listing is in Joly (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,455.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$347,273

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.