344 Loon Road, Georgina Islands, ON
Georgina Island, Georgina Islands · MLS® N13067158
About this home
In short
- Experience the magic of this Lake Simcoe Direct Waterfront Family Cottage on the highly sought-after east side of Georgina Island.
- This charming winterized 3-season retreat is perfectly situated directly on your private shoreline, this 3-bedroom, 1-bath cottage is designed for making memories.
- "Mortgage financing may be available to qualified buyers." Note: "Very Important" Cottage is on leased land ($5,500/year).
Experience the magic of this Lake Simcoe Direct Waterfront Family Cottage on the highly sought-after east side of Georgina Island. This charming winterized 3-season retreat is perfectly situated directly on your private shoreline, this 3-bedroom, 1-bath cottage is designed for making memories. Relax and watch the sunrise on the large sun-drenched deck with your morning coffee, or spend your days swimming and fishing in crystal-clear water. Inside, you'll find a spacious living area and a bright kitchen perfect for family gatherings. This is a rare opportunity to own a slice of paradise at an affordable price point. "Mortgage financing may be available to qualified buyers." Note: "Very Important" Cottage is on leased land ($5,500/year). Accessible via passenger/car ferry.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- N13067158
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 700-1100 sq ft
- Lot
- 90.81 × 156.62 ft
- Cross streets
- Off Ferry turn right on Bear Road to 344 Loon Road.
- Parking
- 6 parking
- Driveway
- Private
- Basement
- Crawl Space
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Wood
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $2,737 / 2025
- Days on market
- 171
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
b/i closet · laminate · wood
overlook water · w/o to sundeck · vaulted ceiling(s)
combined w/living · overlook water · w/o to deck
closet · laminate · west view
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price read
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $334/sqft; this home lists at $578/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesNeighbourhood & location
Georgina Island, Georgina Islands, ON
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How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Georgina Islands.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $416,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,300
- Property tax
- $228
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,528
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,875
- Estimated closing costs
- $6,875
Plus your down payment of $104,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $138,008
- Principal paid down
- $50,828
- Interest paid
- $87,181
- Balance remaining
- $365,172
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REMAX YOUR COMMUNITY REALTY. MLS®/PropTx.