62 Ottawa Street, South Algonquin, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of South Algonquin. Expertly crafted featuring premium aluminum siding and brick front construction, this residence presents an exceptional opportunity offered at $599,000 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 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 63.55 x 181.58 ft lot
- Features a walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Meter
- Efficient forced air heating via propane
Description
5 Reasons You'll Want This Fully $$$ renovated, year-round four-season home on Galeairy Lake.: 1. Walk to Everything - Perfect for Retirement or Small-Town Living. Grocery store, LCBO, and post office all within 300 metres. Ditch the car, embrace the easy pace of small-town life - with a main-floor bedroom in place. 2. True Waterfront, All Four Seasons. Swim, paddle, boat, and fish from your own backyard in summer - brand-new 300+ sq ft dock on Galeairy Lake. Ice fishing, snowshoeing, and frozen-lake views in winter. This is a true year-round residence, not just a cottage. 3. Algonquin at Your Doorstep. Just 5 minutes to the East Gate of Ontario's most iconic provincial park. Hiking and canoeing in summer, spectacular fall colours, cross-country skiing and snowmobiling in winter - adventure in every season. 4. Fully Renovated - Move-In Ready. Interior rebuild, new roof, new dock, modern appliances, 4 bedrooms, 2 full bathrooms, and a huge 600+ sq ft deck. Nothing to do but enjoy. 5. Income Potential - 365 Days a Year. High-demand Algonquin gateway location means strong vacation rental income in every season, not just summer. Live in it, rent it, or both. A rare turnkey, year-round waterfront opportunity. Your lake life starts here - every season of the year.
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Pricing & Value Insights
Data-driven valuation for 62 Ottawa Street, South Algonquin, ON K0J 2M0
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About Purchasing a Home in South Algonquin, ON
For a property listed at $599,000 in South Algonquin, the legal minimum down payment is $34,900 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 $8,455 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 $8,455.
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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.