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Listed 1 month ago

5 MEHARG Drive

McKellar, McKellar

$789,000

Detached|Bungalow
1 | 2 | 12
About this home

UPGRADED 4 SEASON BUNGALOW HOME or COTTAGE on LAKE MANITOUWABING! Priced to sell! Detached Double Car Garage, Fully winterized 3 bedroom, 2 bathroom gem boasts Custom Kitchen with abundance of cabinetry, Granite counters, Large family size island, Stainless appliances, Sunken Great Room enhanced with vaulted ceilings, Cozy up to the gas fireplace, Built in cabinetry, Multiple walkouts to sundecks, Work from home/cottage in the den w high speed internet, Relax in the Muskoka/Sunroom Room, Family will enjoy the finished lower level featuring recreation room with gas fireplace, Guest rooms, 2nd bath, Enjoy sunny days outside playing on the beach, volleyball court, Protected bay is ideal to paddle board, kayak & canoe, Explore Boating on Lake Manitouwabing for hours, Embrace winter activities; Snowmobile trails nearby, Cross country ski, Extended family & kids will love the Charming bunkie (sleeps 4), NEW GARAGE 2021, New shingles 2022, Drilled well w filtration system, Boat or drive to McKellar Village for supplies, Saturday Summer Market, Tait's Island Marina for gas/service, Enjoy Golfing at 'The Ridge', This rural home is move in ready & includes everything you need to make it your family home or northern retreat. Don't miss this Great Value Opportunity!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$2,787
Lot Size170 ft x 319 ft
mls© NumberX13801974
Listed ByRE/MAX Parry Sound Muskoka Realty Ltd

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%
$4,038
Property tax
$232
Heat allowance
$150
Housing costs
$4,421 / mo

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

Down payment20% · $157,800
25-yr amortization

Income needed

$136,000

gross annual household income

Payment at 4%
$3,320 / mo
Cash down
$157,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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