1502 Major lake Road, South Algonquin, ON

$399,900
MLS#:X12336065
3 beds
1 baths
700-1100 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 7, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of South Algonquin. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $399,900 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 700-1100 sqft on a premium 544 x 371 ft lot
  • 6.0 total parking spaces available
  • Notable attributes: Guest Accommodations, Primary Bedroom - Main Floor, Storage
  • Efficient baseboard heating via electric

Description

Madawaska - Madawaska River......544 feet of pure sand! Over two acres of sheer privacy! 1 1/2 story, 3 bedroom cabin in the woods. West facing. Main floor bedroom and bath. Large front deck. Separate Bunkie/Storehouse for the toys! Priced to sell. Some maintainance required. Septic and water from the river system.

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Property Summary

This detached home located at 1502 Major lake Road, South Algonquin is currently for sale and has been available on SousaSells for 341 days. This property is listed at $399,900 with an estimated mortgage of $1,331* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 1502 Major lake Road, South Algonquin is in the South Algonquin 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
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 26, 2025
Sold price information is available to members only
Listed Date8/10/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionWood
BasementNone
Lot Size544 × 371 Feet
CountyNipissing
Annual Tax$2,755
Legal DescriptionPCL 28026-A SEC NIP; PT LT 18 CON 7 MURCHISON PT 1, 36R9244; SOUTH ALGONQUIN; DISTRICT OF NIPPISSING

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingNone

Features

Property Features

Beach, Clear View, Ravine, Waterfront, Wooded/Treed

Interior Features

Guest Accommodations, Primary Bedroom - Main Floor, Storage, Water Heater Owned

Security Features

Community Features

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Location

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1502 Major lake Road, South Algonquin, 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 1502 Major lake Road, South Algonquin, ON K0J 2C0

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.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in South Algonquin.

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Interest Rate4.00%
Down Payment$119,970 (30.0%)
* Minimum Canadian down payment required for this price is $19,995.
Amortization Period30 Years
Estimated Monthly Payment$1,331Based on a loan of $279,930 over 30 years.
Purchase Price$399,900
Loan Amount$279,930
Provincial Land Transfer Tax:$4,474
Total Estimated Closing Taxes:$4,474

About Purchasing a Home in South Algonquin, ON

For a property listed at $399,900 in South Algonquin, the legal minimum down payment is $19,995 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 $4,474 for this transaction. As this listing is in South Algonquin (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,474.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$525,302

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.