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Spring Bay, Manitoulin Island, Ontario

2 bed • 1 bath • Single Family

$198,500

Affordable opportunity in the quiet hamlet of Spring Bay! This vacant bungalow is ready for its new owner and offers plenty of potential for someone looking to make a home their own. Set on an irregularly shaped lot surrounded by forest, the property provides privacy, a vegetable garden, and a back patio with gazebo for relaxing or entertaining outdoors. The home and attached single garage are finished in vinyl siding. The garage has a durable metal roof, while the house features a fairly new asphalt-shingled roof. Inside, a small entrance from the garage leads to a convenient breezeway with laundry facilities. The main floor includes an eat-in kitchen with a large pantry or storage closet, a living room, two bedrooms, and a bathroom with a tub and handheld shower. Upstairs, a versatile loft area could be used as a third bedroom, office, hobby room, or additional living space. The interior would benefit from updating, but many of the important components, including the windows, roof, and septic system, are in good condition. With some cosmetic renovations, this home could be an excellent year-round residence, starter home, retirement property, or investment opportunity.

Price History

Community

Postal area P0P

Population
20,285
Private dwellings
12,782
Median age
50.8
Average household size
2.3
Median household income
$64,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Spring Bay, Manitoulin Island · last 12 months

Median sold price
$0
Homes sold
0
Median days on market
0
Sale-to-list price
0.0%

Based on 0 recorded sales of single family properties in Spring Bay, Manitoulin Island over the last 12 months.

Location

Mortgage Calculator

$39,700

Estimated Monthly Payment

$975

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $975/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $50/mo

Estimates only. Consult a financial advisor.

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