7274 Highway 534 Highway, Restoule

Cold room - 7274 Highway 534 Highway, Restoule, ON P0H2R0 Photo 1

23 Photos

Laundry room - 7274 Highway 534 Highway, Restoule, ON P0H2R0 Photo 2
Bonus Room - 7274 Highway 534 Highway, Restoule, ON P0H2R0 Photo 3
Games room - 7274 Highway 534 Highway, Restoule, ON P0H2R0 Photo 4
Bedroom - 7274 Highway 534 Highway, Restoule, ON P0H2R0 Photo 5
Bedroom - 7274 Highway 534 Highway, Restoule, ON P0H2R0 Photo 6
Primary Bedroom - 7274 Highway 534 Highway, Restoule, ON P0H2R0 Photo 7
  • Bedrooms: 3
  • Bathrooms: 2
  • Living area: 2400 sqft
  • MLS®: 40572428
  • Type: Residential
  • Added: 16 days ago

Property Details

Absolutely stunning fully furnished turnkey property with income potential!!! Sitting on 2.8 acres of natural forest with a heart shaped spring fed pond. This property also has deeded access and a triple dock on the very sought after Restoule Lake. The walk in sandy beach and dock are just minutes from the boat launch and tucked in a little cove of the lake. This serene and picturesque part of the north attracts fishermen, avid snowmobilers and nature lovers of all kinds. The wildlife is magnificent, and the sunsets over the lake will bring peace to your soul!! And that is just the outside! This 2400 square foot custom built side split has everything your heart could desire. And space for everyone. Three large bedrooms and a large bathroom with free standing tub fill the upper level. The main level features a kitchen Chefs and foodies alike would drool over!! Granite counter tops, high end appliances, and a beautiful large built in banquette overlooking spectacular views of the lake! Off the kitchen is the spacious dining room, living room, office nook and double glass doors that lead to the deck. The perfect place to barbecue or take shelter in the gazebo. Coming in from the over sized driveway and large attached, heated garage is a beautiful family room with gas fireplace and a second full 4-piece bathroom. Head to the basement and find the laundry room, cold room and a great games room with fireplace for cozy nights indoors. The current owners have established a great rental business over the last three years. They are willing to transfer the website and advertising platforms to the new owners. Rent it as much or as little as you want to help offset expenses. Mortgage can be transferable to take advantage of a 1.79 interest rate until May of 2026!! Upgrades include new water sump pump 2020, new windows 2018, docking, stairs to waterfront 2017, furnace and A/C installed in October 2021, water system 2021. (id:1945)

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Property Information

  • Sewer: Septic System
  • Cooling: Central air conditioning
  • Heating: Forced air, Propane, Other
  • Basement: Partially finished, Full
  • Utilities: Cable, Telephone
  • Year Built: 1988
  • Appliances: Washer, Refrigerator, Water purifier, Water softener, Central Vacuum, Dishwasher, Stove, Dryer, Microwave, Oven - Built-In, Window Coverings
  • Directions: From Restoule go east on Hwy 534, property will be on your right.
  • Living Area: 2400
  • Lot Features: Crushed stone driveway, Lot with lake, Country residential, Recreational, Gazebo
  • Photos Count: 23
  • Water Source: Lake/River Water Intake
  • Lot Size Units: acres
  • Parking Total: 14
  • Bedrooms Total: 3
  • Structure Type: House
  • Water Body Name: Restoule Lake
  • Common Interest: Freehold
  • Fireplaces Total: 3
  • Parking Features: Attached Garage, Detached Garage
  • Subdivision Name: Commanda Lake / Lake Restoule
  • Tax Annual Amount: 1392.96
  • Exterior Features: Brick
  • Security Features: Smoke Detectors
  • Community Features: Quiet Area, School Bus, Community Centre
  • Fireplace Features: Propane, Other - See remarks, Other - See remarks
  • Lot Size Dimensions: 2.8
  • Zoning Description: Unorganized
  • Waterfront Features: Waterfront
Room Dimensions
Type Level Dimensions
Cold room Basement 6' x 8'
Laundry room Basement 10' x 13'
Bonus Room Basement 13' x 18'
Games room Basement 12'6'' x 31'
Bedroom Second level 10'0'' x 15'0''
Bedroom Second level 10'0'' x 15'0''
Primary Bedroom Second level 12'0'' x 17'0''
Full bathroom Second level 9'6'' x 16'6''
4pc Bathroom Lower level 5' x 8'3''
Family room Lower level 16'0'' x 21'0''
Living room Main level 11'0'' x 17'0''
Dining room Main level 11'0'' x 14'0''
Kitchen Main level 16'0'' x 26'0''
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Nearby Places

Name Type Address Distance
Lake Restoule Inn Real estate agency Lake Restoule Inn Rd 1.6 km
Restoule Provincial Park Park 8818 Highway 534 6.5 km
South Bay Provincial Park Park Nipissing 12.2 km
Piebird Bed & Breakfast Farmstay Restaurant 113 Chapman's Landing Rd 16.4 km
Chalkley's Sandy Bay Cottages Lodging 37 Sandy Bay Rd 19.5 km
Arnstein Airport Arnstein Airport, (TC LID: CNR9), is located 3 nau... 20.7 km
Arnstein Airport Airport Parry Sound 20.7 km
Loring, Port Loring and District, Ontario The ghost town of Lost Channel is also located wit... 24.8 km
Waltonian Inn Restaurant 550 Waltonian Dr 24.9 km
CKAT The station originally launched in 1967 at 93.7 FM... 24.9 km
Northland Motel Restaurant 11645 Ontario 522 25.0 km
Sandy Haven Camp Establishment Parry Sound 25.3 km
Similar Houses Stat in Restoule
We have found 4 Houses that closely match the specifications of the property located at 7274 Highway 534 Highway with distances ranging from 2 to 9 kilometers away. The prices for these similar properties vary between 699,000 and 879,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the P0H2R0 postal code area of Restoule Ontario Canada.
7274 Highway 534 Highway mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 7274 Highway 534 Highway. The current price of the property is $849,900, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $679,920. This would result in a monthly mortgage payment of $3,974 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree 35
University / Below bachelor level 10
Certificate of Qualification 25
College 100
University degree at bachelor level or above 35

Neighbourhood Marital Status Stat

Married 435
Widowed 60
Divorced 45
Separated 15
Never married 95
Living common law 60
Married or living common law 490
Not married and not living common law 215

Neighbourhood Construction Date

1961 to 1980 115
1981 to 1990 40
1991 to 2000 60
2001 to 2005 20
2006 to 2010 35
1960 or before 100
Comparison of 7274 Highway 534 Highway, Restoule, ON with Nearby Houses
Nearby Cities Listings Avg. price
North Bay 69 $918.586
Seguin 51 $2.147.774
Sudbury 140 $688.200
Muskoka Lakes 73 $1.178.107
Greater Sudbury 66 $838.704
Bracebridge 161 $1.089.673
Gravenhurst 138 $1.019.428
Haliburton 57 $1.089.359
Popular Cities Listings Avg. price
Wasaga Beach 337 $858.877
Barrie 933 $1.039.921
Kawartha Lakes 503 $942.727
Innisfil 319 $1.454.578
Other 1396 $992.119
Richmond Hill 477 $1.638.722
Oshawa 416 $1.035.411
Markham 510 $1.400.063