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78 Riverbank Road, Somerville

Price

$749,000

Bedrooms2 Beds

Bathrooms1 Baths

Size700-1100 sqft

Year Built51-99

Property TypeHouse

Property Taxes$2763.07

Maintenance FeesNot listed

Description

Move-In Ready Year-Round Waterfront Home On Burnt River. This Beautifully Maintained And Thoughtfully Updated 2-Bedroom, 1-Bath Home Offers The Perfect Blend Of Comfort And Waterfront Living. Set On A Private Treed Lot With 121 Ft Of Frontage On Burnt River, Its An Ideal Retreat For Swimming, Kayaking, Or Enjoying A Scenic Boat Ride To Cameron Lake. Inside, You'll Find A Newer Kitchen With Quartz Counters And Stainless Steel Appliances, A Bright Living Space With A Propane Fireplace (2024), And A Primary Bedroom With A Walkout To The Yard And Wall-To-Wall Closet. The Bathroom Includes A Convenient Laundry Closet, And A Mini-Split Heat Pump A/C Unit Ensures Year-Round Comfort. With 2 Bedrooms Currently, There Is Potential To Convert The Layout Back To 3 If Desired. The Property Features A Double Car Garage (23' X 19') With New Doors And Openers (2024), Upgraded Electrical And Lighting (2023), Plus Two Storage Sheds And A Shelterlogic Tent For All Your Gear. Outdoor Upgrades Include An Interlock Patio Walkway (2024), Metal Gazebo (2023), A Convenient Propane Hookup For The BBQ, And A Professionally Graded Driveway With French Drainage System (2023). A Steel Roof And Septic Tank Riser Lids (2023) Add Peace Of Mind For Years To Come. Enjoy Clean, Deep Water Off The Dock, Perfect For Swimming On Summer Days. Located Just Minutes From Fenelon Falls, Coboconk, And Highway 35, This Property Combines Privacy, Convenience, And A True Waterfront Lifestyle.

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$2,921 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$599,200

Total Interest Payments

$369,444

Total Payment (Principal + Interest)

$968,644

Determine Your Profits After Selling Your Home

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

Meet Jess Whitehead

Meet Jess Whitehead

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

Let's Find Your Dream Home Together