231 Lakeshore Drive, Kawartha Lakes, ON

$489,000
MLS#:X8458596
2 beds
1 baths
10.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Emily. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $489,000 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.

  • 2 Bedrooms and 1 Bathroom
  • Premium 100 x 150 ft lot size
  • 10.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with window unit(s) central cooling and highly efficient baseboard heating via electric

Description

Welcome to this cozy open-concept bungalow located in Lakeview Estates. Pigeon Lake is across the road and lake access is just a 5 min walk away where you can access the boat launch, beautiful beach and picnic area with your $70/year membership. This is a great opportunity to get into the cottage market at an affordable price! Enjoy your morning coffee or watch the captivating sunset from the front porch. Front porch wraps around from the front of the house to the side with stairs down to the fire pit. This has been used as a cottage for many years, but has recently been winterized and can now be enjoyed all 4 seasons. Plenty of updates done in 2022 - see attached list.

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Property Summary

This detached home located at 231 Lakeshore Drive, Kawartha Lakes is currently for sale and has been available on SousaSells for 753 days. This property is listed at $489,000 with an estimated mortgage of $1,628* per month. It has 2 beds, 1 bathroom, and is unknown square feet. 231 Lakeshore Drive, Kawartha Lakes is in the Emily neighborhood.

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

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 17, 2024
Sold price information is available to members only
Listed Date6/19/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementNone
Lot Size100 × 150 Feet
CountyKawartha Lakes
Annual Tax$1,569.5
Legal DescriptionPT E1/2 LT 22 CON 14 EMILY PT 56, RD49, T/W A9462; KAWARTHA LAKES

Parking & Garage

Parking Spaces10.0
Garage Spaces10
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingWindow Unit(s)

Features

Property Features

Beach, Lake Access, School Bus Route

Interior Features

Carpet Free

Security Features

Community Features

Location

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231 Lakeshore Drive, Kawartha Lakes, 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 231 Lakeshore Drive, Kawartha Lakes, ON K0M 1A0

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 Kawartha Lakes.

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Interest Rate4.00%
Down Payment$146,700 (30.0%)
* Minimum Canadian down payment required for this price is $24,450.
Amortization Period30 Years
Estimated Monthly Payment$1,628Based on a loan of $342,300 over 30 years.
Purchase Price$489,000
Loan Amount$342,300
Provincial Land Transfer Tax:$6,255
Total Estimated Closing Taxes:$6,255

About Purchasing a Home in Kawartha Lakes, ON

For a property listed at $489,000 in Kawartha Lakes, the legal minimum down payment is $24,450 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 $6,255 for this transaction. As this listing is in Kawartha Lakes (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,255.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Emily, Kawartha Lakes.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$898,027

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.