1586 North McKenzie Lake Road, South Algonquin, ON

$990,000
MLS#:X9014585
4 beds
3 baths
1100-1500 sqft
7.0 parking
Residential Freehold
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Property no longer active

This property was sold on February 13, 2026. 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 South Algonquin. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $990,000 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 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 115 x 314 ft lot
  • Features a finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Primary Bedroom - Main Floor
  • Efficient forced air heating via propane

Description

McKenzie Lake - Prestigious lake front home. Use as vacation cottage or year round waterfront residence. Natural sand beach for summer fun. Boat, water ski, seadoo, ample room for family, friends & guests. Cathedral ceiling over looks a large deck and landscaped yard and field stone steps to the sandy beach, large bright kitchens, on both levels two four pcs bathrooms, one on each level, upper level has two bedrooms and the lower level has two bedrooms with a laundry room, decks galore to bbq & entertain. Games room in the basement with a walk out. Seller willing to consider all offers.

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Property Summary

This detached home located at 1586 North McKenzie Lake Road, South Algonquin is currently for sale and has been available on SousaSells for 742 days. This property is listed at $990,000 with an estimated mortgage of $3,295* per month. It has 4 beds, 3 bathrooms, and is 1100-1500 square feet. 1586 North McKenzie 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
4
Bathrooms
3
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 5, 2024
Sold price information is available to members only
Listed Date7/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementFinished with Walk-Out, Full
Lot Size115 × 314 Feet
CountyNipissing
Annual Tax$4,744
Legal DescriptionPCL 7-1 SEC 36M602; Lt 7 Pl 36M602; Lyell; Pt RDAL Btn Twp of Lyell & Twp of Sabine; Pt RDAL Along the Shore of McKenzie Lake Sabine; Pt 13 & 17; 36R10460; South Algonquin; District of Nipissing

Parking & Garage

Parking Spaces7.0
Garage Spaces3
Garage TypeDetached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingNone

Features

Property Features

Beach, Waterfront, Wooded/Treed

Interior Features

Primary Bedroom - Main Floor

Security Features

None

Community Features

Location

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1586 North McKenzie 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 1586 North McKenzie Lake Road, South Algonquin, ON K0J 2M0

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$297,000 (30.0%)
* Minimum Canadian down payment required for this price is $74,000.
Amortization Period30 Years
Estimated Monthly Payment$3,295Based on a loan of $693,000 over 30 years.
Purchase Price$990,000
Loan Amount$693,000
Provincial Land Transfer Tax:$16,275
Total Estimated Closing Taxes:$16,275

About Purchasing a Home in South Algonquin, ON

For a property listed at $990,000 in South Algonquin, the legal minimum down payment is $74,000 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 $16,275 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 $16,275.

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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.