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152 Griffin Drive, Somerville

Price

$549,900

Bedrooms2 Beds

Bathrooms1 Baths

Size700-1100 sqft

Year Built51-99

Property TypeHouse

Property Taxes$3539

Maintenance FeesNot listed

Description

Welcome to your opportunity on beautiful Four Mile Lake! This 2-bedroom, 1-bath cottage sits in an elevated position overlooking the lake, offering stunning panoramic views and wonderful privacy. The shoreline features a prestine mix of sandy and rocky bottom, ideal for swimming, boating, and lakeside fun. While there are no steps currently, this property gives you the chance to design and create your own custom pathway or staircase to the water exactly how you like to enjoy it. Inside, youll find a kitchen, dining area, and living room warmed by both a woodstove and a propane stove. The property already has a septic system and a drilled well, giving you a strong foundation for either gutting and renovating the current cottage or tearing down to build your dream cottage or year-round home. Please do not walk or trespass on the property without your real estate agent present. The terrain is steep in areas, and we want to ensure all viewings are safe. A true diamond in the rough, this property combines natural beauty, privacy, and incredible potential. Whether you restore the existing cottage or start fresh, the setting ensures it will always be a special place to call your own.

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The Property Location

Mortgage Calculator

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Total Monthly Payment

$2,271 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$439,920

Total Interest Payments

$271,238

Total Payment (Principal + Interest)

$711,158

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