SELLER FINANCING AVAILABLE
WATER ACCESS ONLY
IDEAL SEASONAL COTTAGE PROPERTY
For those people wishing to experience the area's natural beauty then come and relax at your own beautiful wilderness retreat.
When you buy a waterfront property, you’re buying a lot more than just the property itself.
You’re really purchasing access to some of the most spectacular scenery that money can buy.
What’s better than building your seasonal cabin and being able to see a beautiful river from your kitchen table?
Having a cabin near water serves to better connect you with the natural world outside.
Views of the water will also feature more opportunities to see wildlife out your window.
It’s also hard to beat the calming atmosphere that this view provides.
Staying in your cabin near the water is like enjoying a vacation that never has to end.
There’s always space to unwind, decompress, and enjoy the best of what Mother Nature has to offer.
This beautiful 8.52 acre property is located just north of the Town of Matheson on the east side of the BLACK RIVER.
The property averages from about 350 deep to about 420 feet deep.
Plenty of shoreline.
The property is well wooded with mostly Spruce trees and some Poplar Trees.
The property is in Carr Township which is within the boundary of the Municipality Of Black River-Matheson in Northeastern Ontario.
Carr Township is AN ORGANIZED TOWNSHIP so you will require a building permit for any structure over 105 square feet.
Also a nice area to build your seasonal cabin and really enjoy some great views of the river.
This is an ideal property on which to build your summer cottage/cabin on.
The fact that the access is by the river only means that the only means of travel to the property is by boat or if you are luck to own one by float plane.
This means that you will enjoy seclusion and privacy and it will most certainly stop casual drop-ins.
The property enjoys over 1,420 feet of shoreline on the north and east side of the Black River.
The shoreline is mostly small trees down to the waters edge.
There is a current survey of this property that was completed in March of 2023.
All the corner pegs are in place and have been marked with wood stakes and flagging tape.
ACCESS TO THIS PROPERTY
Access to the Property is by water access only.
You can get to the property by boat, canoe or kayak.
There is a PUBLIC BOAT LAUNCH within the Town of Matheson where you can launch your boat and then motor up the Black River for about 9 kilometers or about 5.6 miles.
This is a nice ride and you can troll all the way to the property and most likely you will get your limit of Walleye (Pickeral) by the time you get to the property.
There is a private campground about 7 kilometers north of the Town of Matheson.
You could call and talk to the campground owner about parking your vehicle and launching your boat fro there.
Perhaps he may charge you a fee and it certainly wouldn’t hurt to ask him.
If you can do that then it is a very short 2.3 kilometers or 1.5 miles boat ride to the property.
A review of the original patent shows that the property comes with the following rights.
SURFACE RIGHTS COME WITH THIS PROPERTY
MINERAL RIGHTS COME WITH THIS PROPERTY
TREE RIGHTS COME WITH THIS PROPERTY
BUILD A DOCK
Did you know that if you build and place a floating dock you DO NOT REQUIRE A PERMIT?
Use an ATV or an ARGO to push the dock into the water , then secure it to posts in the ground and in fall then puul the dock onto the shore for use the next spring.
You only need a permit if you are building a permanent dock.
A review of the Black River-Matheson Official Pland and Zoning By-Law shows that this property is zoned RU (Rural).
PERMITTED USES UNDER THE ZONING
9.1 RURAL (RU) ZONE
Agricultural use • Agricultural-related use
Bed and breakfast establishment • Camp
Campground • Community gardens
Conservation use • Duplex dwelling
Existing commercial use • Existing industrial use
Existing institutional use • Existing salvage yard
Forestry use • Garden suite
Home industry • Home occupation
Kennel• Landfill site • Marina
Mineral exploration • Mineral extraction
Mining use • Mobile home dwelling
Park • Pit
Private cabin, accessory to a seasonal dwelling • Quarry
Recreation use • Seasonal dwelling
Semi-detached dwelling • Single-detached dwelling
Sewage treatment facility • Wayside pit or wayside quarry
PLEASE NOTE: even though the zoning allows all the aforementioned permitted uses, most of the permitted uses will not be practical for this property.
NEED FINANCING TO BUY THIS PROPERTY?
On a purchase price of $44,000 and with a down payment of $17,000 the seller will hold AN OPEN MORTGAGE of $27,000 at 8% interest.
You have a choice of the following terms;
On a 5 year term and a 5 year amortization the payment will be $545.78 per month.
On a year term and a year amortization the payment will be $419.08 per month.
On a 5 year term and a 10 year amortization the payment will be $325.73 per month.
On a 5 year term and a 15 year amortization the payment will be $256.00 per month.
On a 5 year term and a 20 year amortization the payment will be $223.66 per month.
On a 5 year term and a 25 year amortization the payment will be $206.07 per month.
NOTE: An OPEN MORTGAGE means that you can pay off the mortgage sooner than term ends with NO PENALTY.
You can also prepay more money down against the principal at any time or time with NO PENALTY.
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