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Rural Scugog, Scugog
$839,900
[NEW PRICE! VALUE-ADD | EQUITY BUILDER | MULTI-GEN OPPORTUNITY] An extraordinary opportunity to secure premium lakeside living-and immediate upside potential-on a private, lush .731-acre ravine lot on Lake Scugog! Perfect for savvy buyers, the fully finished lower level features a completely self-contained suite with a separate entrance, full kitchen, cozy fireplace, and large bedroom-offering the ideal multi-generational setup or income potential to significantly offset today's interest rates. This exceptionally maintained 3+1 bedroom raised bungalow can be purchased strictly on its own, or as an optional, completely separate deal with the private 40ft waterfront parcel across the street (listed independently by a different seller at 54 Williams Point Rd, MLS #E13067252) to create an ultimate waterfront estate! Spanning 1,480 sq. ft. of bright, open-concept living, the upper level boasts a spacious family room with westerly lake views, a walk-out deck, and an updated custom kitchen (2024). Bring your personal decor style to this pristine canvas and build instant equity! Need space for projects, cars, or a home business? The property includes a fully insulated, heated flex-space (studio/workshop/garage conversion) plus parking for 8+ vehicles. If you choose to acquire the separately owned waterfront parcel, enjoy a 30-second stroll from your front door to your private shoreline to swim, boat, fish, and capture panoramic sunsets. Meticulously maintained with tilt-clean windows (2020/2023), shingles (2020), high-volume drilled well, natural gas is available, and fibre optic too. Quiet dead-end street just 15 mins to Port Perry & 25 mins to Hwy 407. Check the Feature Sheet for package details!
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,049 |
| Lot Size | 95.03 ft x 382.73 ft |
| mls© Number | E13487884 |
| Listed By | Royal LePage Frank Real Estate |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,299
- Property tax
- $421
- Heat allowance
- $150
- Housing costs
- $4,870 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$150,000
gross annual household income
- Payment at 4%
- $3,534 / mo
- Cash down
- $167,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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