119 Sunken Island Lane, Kearney, ON

$549,900
MLS#:X12223192
3 beds
1 baths
< 700 sqft
5.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 6, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Kearney. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $549,900 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.

  • 3 Bedrooms and 1 Bathroom
  • Generous living space spanning < 700 sqft on a premium 200 x 188 ft lot
  • 5.0 total parking spaces available
  • Notable attributes: Carpet Free, Water Heater Owned, Water Treatment
  • equipped with window unit(s) central cooling and highly efficient baseboard heating via electric

Description

Fabulous recreational property with 200 feet of southern exposure waterfront with hard clean sand bottom offering ideal conditions for picky swimmers. Shallow walk shoreline then gets deep at the end of the dock (5') perfect for boats and divers! This sunlit adorable 2 bedroom cottage plus a guest bunkie nestled in complete privacy from neighbours at the edge of this beautiful waterfront system just around the corner from Beaver Lake and down the river to the vibrant little town of Kearney with boat docking. Kearney is a lively recreational community throughout the seasons. Great boating which includes all water sports in this 6 mile long 3 lake system, this property is just around the corner from pristine Beaver Lake by boat and a short boat ride, bike ride, or drive to downtown Kearney with grocery, convenience, LCBO, and restaurants. This year round recreational area is vibrant year round with the famous Kearney regatta, annual dog sled races, Santa water ski show, snowmobiling, and ATVing. The cottage addition new in 2012 is insulated in the walls and attic. It is a large open concept room overlooking the water and has ample room for your family and friends to gather. The kitchen is spacious and has a walk out door to the quintessential screened Muskoka room perfect for dining, playing cards and enjoying the breathtaking water views. The cottage features a 2 piece bathroom and a private modern outdoor shower. The cute bunkie features more sleeping for guests or family and is also nestled by the water. A 12' x 8' shed/utility shed is also good for your tools and other essentials for cottage life. The A frame carport is 20' x 12' and is more storage for your toys. This lake system offers amazing fishing, from pickerel, pike, bass and more! Fun all year long ideal for families or retirees. Water system is on a UV so potable for drinking and the septic was recently pumped. Comes equipped and ready for your summer fun!

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Property Summary

This detached home located at 119 Sunken Island Lane, Kearney is currently for sale and has been available on SousaSells for 397 days. This property is listed at $549,900 with an estimated mortgage of $1,830* per month. It has 3 beds, 1 bathroom, and is < 700 square feet. 119 Sunken Island Lane, Kearney is in the Kearney neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 8, 2025
Sold price information is available to members only
Listed Date6/16/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementNone
Lot Size200 × 188 Feet
CountyParry Sound
Annual Tax$2,115
Legal DescriptionPCL 9224 SEC 22; PT LT 3 CON 12 BETHUNE PT 5 PSR188; T/W PT 1, 2, & 3 PSR188 AS IN LT46419;KEARNEY

Parking & Garage

Parking Total5.0
Parking Space5
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingWindow Unit(s)

Features

Property Features

Clear View, Cul de Sac/Dead End, Lake/Pond, River/Stream, Wooded/Treed, Waterfront

Interior Features

Carpet Free, Water Heater Owned, Water Treatment, Primary Bedroom - Main Floor, Guest Accommodations

Security Features

Community Features

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Location

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119 Sunken Island Lane, Kearney, 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 119 Sunken Island Lane, Kearney, ON P0A 1M0

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 Kearney.

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Interest Rate4.00%
Down Payment$164,970 (30.0%)
* Minimum Canadian down payment required for this price is $29,990.
Amortization Period30 Years
Estimated Monthly Payment$1,830Based on a loan of $384,930 over 30 years.
Purchase Price$549,900
Loan Amount$384,930
Provincial Land Transfer Tax:$7,473
Total Estimated Closing Taxes:$7,473

About Purchasing a Home in Kearney, ON

For a property listed at $549,900 in Kearney, the legal minimum down payment is $29,990 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 $7,473 for this transaction. As this listing is in Kearney (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,473.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$702,542

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.