On
Georgian Bay Real Estate Inc. - Real Estate Brokerage and
Mortgage Brokerage
RR2, PO Box 174, Victoria Harbour, ON, L0K 2A0
tel: 705 543 1341 email: onGeorgianBay@Gmail.com
http://www.onGeorgianBay.ca
http://www.real-estate-ontario.ca
http://www.mortgagebrokers.com/asobczak
http://www.youtube.com/user/RealEstateOntarioCan
http://twitter.com/onGeorgianBay
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Spectacular
custom designed four seasons cottage built in 1990 on Mermaid Island on Georgian
Bay,
Honey Harbour, 1.5 hr north of Toronto.
3/4 acre well treed lot with 207 ft of shoreline with small sandy beach and
gorgeous rock wall.
1850 sf of deck sorrounding the house and 800 sf at the lakeshore.
Off the lower deck is deep-water dockage with shore power and water.
Southern exposure allowing for plentiful sunlight all year. 2128 sf of toal
living space.
The interior is mostly pine with plastered accent wall in the gallery.
Both bathrooms are in tongue and groove cedar.
New roof in 2007. Water system is heated for year round use with automatic chlorination
and
charcoal filtration system. New submersible pump and pressure tank in 2006.
Oversize septic system installed in 1990.
Available are debentures
for a private marina within five minutes of the property.
This is a very desirable marina and provides the member with assured mainland
access at reasonable rates.
Property value from a replacement cost view. Assuming $275 per sf estimate verified
as reasonable rate
by local contractors and insurance companies. Decking $20-25 per sf was quoted.
Building, 2128 sq ft @ 275/ft = 585,200
Decks, 1,850 sq ft @ 22/ft= 40,700
Dock 20,000
Retaining Wall 15,000
Septic 12,000
Furnishings 20,000
Lot 200,000
Total 892,900
Property taxes $3,500. Asking price $599,900 reduced