386 Bear Road, Georgina Islands, ON
Georgina Island, Georgina Islands · MLS® N13690844
About this home
In short
- Exceptional Georgina Island waterfront living on Lake Simcoe.
- This approximately 3200 sq. ft. two storey cottage offers quiet privacy, luxurious living &, with 6 bedrooms, 4 bathrooms & two huge great rooms, space for family &...
- Accessible by either boat or a dedicated car/passenger ferry (see attached ferry schedule), the property has about 120 ft of waterfront & over 70 ft of...
- There is a lovely perennial rock garden by the large driveway off the well-cared for road as well as a double-door oversize garage with 100 amp electrical service...
- Some other top features: -excellent water treatment system with filtration & UV disinfection -LED potlights on main & upper level/ wood, slate & stone floors -vaulted...
Exceptional Georgina Island waterfront living on Lake Simcoe! Meticulously maintained & move-in ready! This approximately 3200 sq. ft. two storey cottage offers quiet privacy, luxurious living &, with 6 bedrooms, 4 bathrooms & two huge great rooms, space for family & friends. Accessible by either boat or a dedicated car/passenger ferry (see attached ferry schedule), the property has about 120 ft of waterfront & over 70 ft of composite/aluminum dock with a southern exposure, calm, clear & weed-free shallow water entry for easy boating, swimming, paddle-boarding, kayaking & canoeing. Lake views are fabulous, from inside through the floor-to-ceiling walls of windows on both levels and outside from sunny & shady spots on lawns large enough for games of all sorts. There is a lovely perennial rock garden by the large driveway off the well-cared for road as well as a double-door oversize garage with 100 amp electrical service, finished interior walls, room for 2 vehicles, lots of workshop space and a bonus finished loft above with a foosball table for more cottage fun. The cottage itself has 200 amp service with a whole-home surge protector & a 22kw Generac generator with automatic transfer which covers everything. For comfort, there is forced-air propane heating & central a/c & a HRV for always fresh indoor air. Some other top features: -excellent water treatment system with filtration & UV disinfection -LED potlights on main & upper level/ wood, slate & stone floors -vaulted ceilings on upper level -kitchen with stainless appliances & 2 walk in pantries -central vac with kitchen toe-kick -a dedicated propane line for the included Napoleon bbq on upper deck -Smart thermostat for remote control -Denon multi-speaker sound system -dedicated finished laundry room with laundry sink -new roofs (house & garage) 2023 -new hot water tank (2024) & new water softener (2025). Current land lease until 2056 with irrevocable option to renew until 2105!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13690844
- Bedrooms
- 6
- Bathrooms
- 4 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 123 × 195 ft
- Cross streets
- Chief Joseph Snake Rd & Bear Rd
- Parking
- 2 garage · 8 parking (detached)
- Driveway
- Private
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete, Other
- Foundation
- Concrete, Slab
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $5,324 / 2026
- Days on market
- 61
- Listing brokerage
- REMAX YOUR COMMUNITY REALTY
Rooms
double closet · hardwood floor
double closet · hardwood floor
overlook water · walk-in closet(s)
3 Pc Bath
cathedral ceiling(s) · 5 pc ensuite · overlook water
overlook water · electric fireplace · pot lights
slate flooring · stainless steel appl · overlook water
5 Pc Bath
2 Pc Bath
double closet · hardwood floor
b/i shelves · large closet
window floor to ceiling · cathedral ceiling(s) · floor/ceil fireplace
slate flooring · cathedral ceiling(s) · w/o to deck
double closet · hardwood floor
4 Pc Bath
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.
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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 $377/sqft; this home lists at $215/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.
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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 $559,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,092
- Property tax
- $444
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,536
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,455
- Estimated closing costs
- $10,455
Plus your down payment of $139,800. 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
- $185,515
- Principal paid down
- $68,324
- Interest paid
- $117,191
- Balance remaining
- $490,876
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.