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Chaffey, Huntsville
$1,215,000
Great Potential for Substantial BnB Rental Income or a Wonderful Summer Cottage. This Gorgeous Custom Built Home with its breathtaking views of Fairy Lake. Has been enjoyed as a principal residence for 17 years by two owners. A Unique Design with its many Windows, captures the beautiful and peaceful surroundings with its abundant wildlife. The House Boasts 2,065 sq.ft of Well Designed Space, Including a Gorgeous Cathedral ceiling that Enhances the Main Living Area with Natural light and Openness. The Lake Facing Deck is Perfect for Entertaining, BBQ's and Sunbathing. 2 Car Oversized Garage, Insulated and Drywalled with Direct Access to the House. The Kitchen Is Designed for those who Love to Cook Offering Plenty of Counter Space and Storage While Overlooking the Living Room. It has Quality Appliances, Central Vacuum and Air Conditioning, Security Cameras. Furnace and Tankless Water Heater installed in 2023, 200 amp Electrical Service and Laundry Room on the Bedroom Level. There is a 700 sqft. Bunkie that can be Renovated into a Nice Guest Suite, a Potential BnB or Personal Living Quarters while you Rent the House as a BnB. Located conveniently just outside the charming town of Huntsville. In the Heart of the Muskokas. A Premier Tourist Destination with its Pristine Lakes. Close Proximity to Algonquin and Arrowhead Park. Minutes from 2 Picturesque Golf Courses and Hidden Valley Ski Resort. Furthermore, it is right next to Huntsville Marine for all your boating and water sport needs. Which makes it Competitive with a house on the lake Without the High Taxes. Last but not least, this House comes with Ultimate Privacy. It is situated on a hilltop with no neighbours on either side but a nice, quiet wooded area.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $4,417 |
| Lot Size | 216.09 ft x 328.42 ft |
| mls© Number | X13519430 |
| Listed By | ROYAL LEPAGE SIGNATURE REALTY |
Listing History
- No recent sale history for this listing.
- 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%
- $6,219
- Property tax
- $368
- Heat allowance
- $150
- Housing costs
- $6,737 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$207,000
gross annual household income
- Payment at 4%
- $5,113 / mo
- Cash down
- $243,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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