605 STOKES BAY Road, Northern Bruce Peninsula, ON

$199,900
MLS#:X10846454
1 beds
1 baths
< 700 sqft
1.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Other detached located in the coveted neighborhood of Northern Bruce Peninsula. Expertly crafted featuring premium board & batten and aluminum siding construction, this residence presents an exceptional opportunity offered at $199,900 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.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning < 700 sqft on a premium 44 x 60 ft lot
  • 1.0 total parking spaces available
  • Notable attributes: Water Heater Owned
  • equipped with window unit(s) central cooling and highly efficient heating via electric

Description

Have you been dreaming of getting into the cottage life, but unable to find affordable options? Well it is finally here! This beautifully updated 1-bedroom, 1-bathroom cottage offers 520 sq ft of cozy living space, and surrounded by mature gardens. The vaulted ceilings with exposed beams create an airy and spacious atmosphere. Updated 100 amp breaker panel and wiring throughout including outlets, switches and light fixtures. Step inside to find a thoughtfully renovated interior, including newer insulation, vapour barriered walls and ceiling, and drywall throughout. Three-piece bathroom with standing shower. Most furnishings are included, such as the leather couches and solid wood teak furniture, making this cottage move-in ready. Step out the back door and enjoy your private retreat with a BBQ area, nice deck, fire pit and open grass space. The backyard also features a generous storage shed with power! The property also includes a 16.5ft boat with an inboard 125 horsepower Volvo engine and a newly re-upholstered interior, ideal for enjoying the quick access to Lake Huron just down the road and immediately enjoying the cottage lifestyle! Centrally located mid-Peninsula in the wonderful Stokes Bay area, only 14 minutes to the town of Lion’s Head which has all your shopping essentials and local highlights. This charming cottage is the perfect blend of comfort, convenience, and adventure!

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Property Summary

This detached home located at 605 STOKES BAY Road, Northern Bruce Peninsula is currently for sale and has been available on SousaSells for 727 days. This property is listed at $199,900 with an estimated mortgage of $665* per month. It has 1 bed, 1 bathroom, and is < 700 square feet. 605 STOKES BAY Road, Northern Bruce Peninsula is in the Northern Bruce Peninsula neighborhood.

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

Key Features

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

Additional Details

StatusSold
Sold price information is available to members only
Listed Date7/18/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleOther
ConstructionBoard & Batten , Aluminum Siding
BasementNone
Lot Size44 × 60
CountyBruce
Annual Tax$1,078.79
Legal DescriptionPCL 23-1 SEC D20; UNIT 23 PL D20 BA951 AS IN D20 CONFIRMS THE TRUE LOCATION ON THE GROUND OF ALL BOUNDARIES OF THIS PCL; NORTHERN BRUCE PENINSULA

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeNone

Heating & Cooling

Heat SourceElectric
CoolingWindow Unit(s)

Features

Property Features

Interior Features

Water Heater Owned

Security Features

Community Features

Location

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605 STOKES BAY Road, Northern Bruce Peninsula, 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 605 STOKES BAY Road, Northern Bruce Peninsula, ON N0H 1W0

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 Northern Bruce Peninsula.

Configure Loan Settings

Interest Rate4.00%
Down Payment$59,970 (30.0%)
* Minimum Canadian down payment required for this price is $9,995.
Amortization Period30 Years
Estimated Monthly Payment$665Based on a loan of $139,930 over 30 years.
Purchase Price$199,900
Loan Amount$139,930
Provincial Land Transfer Tax:$1,724
Total Estimated Closing Taxes:$1,724

About Purchasing a Home in Northern Bruce Peninsula, ON

For a property listed at $199,900 in Northern Bruce Peninsula, the legal minimum down payment is $9,995 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 $1,724 for this transaction. As this listing is in Northern Bruce Peninsula (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,724.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Northern Bruce Peninsula, Northern Bruce Peninsula.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$721,608

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.