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Listed 2 months ago

4 Pinewood Drive

Rural Tiny, Tiny

$1,950,000

Detached|Bungalow-Raised
3 | 1 | 3
About this home

Here is a superb beachfront cottage, enjoying secluded privacy at Deanlea Beach on the shores of Georgian Bay in Tiny Township. This is a rare and highly desirable property, less than an hour and a half from the GTA. Fully modernized, this charming cottage is an outstanding example of the ideal beach summer location. At the end of Pinewood Drive in Deanlea Beach, there is virtually no traffic at this cottage. Ten solar panels significantly reduce the cost of electricity consumed at the cottage. Summer, sand and sunsets at the beach merge at this secluded cottage property situated at the end of Pinewood Drive on Deanlea Beach. The 3-bedroom seasonal cottage was upgraded in 2016 with a custom-built kitchen, new plumbing and wiring, flooring, drywall, bedroom soundproofing, and added insulation in floors, walls, and ceiling, and a new bathroom vanity and shower, and new kitchen appliances. An Armor stone retaining wall was added on the beach in 2019, providing high-water protection and a perfect 'sunset viewing room'. *For Additional Property Details Click The Brochure Icon Below*

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,070
Lot Size50 ft x 220 ft
mls© NumberS13638034
Listed ByICI SOURCE REAL ASSET SERVICES INC.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$9,981
Property tax
$506
Heat allowance
$150
Housing costs
$10,637 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $390,000
25-yr amortization

Income needed

$327,000

gross annual household income

Payment at 4%
$8,206 / mo
Cash down
$390,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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