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$78,000.00 CDN - File 60 - Beautiful Waterfront cottage lot on Elk Lake Pt 1 $78,000 Canadian

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File 60 - Beautiful Waterfront cottage lot on Elk Lake Pt 1

If you’ve ever dreamt of owning a cottage lot, now is a great time to buy.

Buy your cottage Lot, build your dream cottage and MAKE MEMORIES that last for you and your family.

 

For the last decade prices for lakefront have increased year in and year out.

Our research shows that there has not been any vacant waterfront cottage lot available on Elk Lake in a very long time.

This property is one of only 4 properties that we have available on Elk Lake.

 

Buy your cottage lot, build your cottage and use it for family gatherings.

What a great opportunity to spend some real quality time with family and friends.

Perhaps you may want to enjoy your property during regular vacation times, or use it more regularly now that you’re in retirement or when you are retired.

WHATEVER THE REASON, NOW IS THE TIME TO INVEST IN YOUR COTTAGE LOT.

 

We offer this incredible opportunity to own this 4.94 acre cottage lot with over 464 feet of frontage on Elk Lake.

ONLY 2.6 kilometers out of the Town of Elk Lake.

YOU CAN DRIVE TO THIS PROPERTY IN YOUR CAR OR TRUCK.

 

The property enjoys a gentle slope from the road down to the waterfront.

 

THIS IS A LARGE PROPERTY as far as cottage lots go and you will enjoy lots of privacy.

The property has 52.46 meters or 172 feet of frontage on the Municipal road.

The west property line is 200.67 meters or 678 feet long.

The east property line is 261.83 meters or 859 feet long.

The frontage on the lake is 141.63 meters or 464 feet in a straight line, but if you follow the shoreline the frontage is well over 500 feet.

THIS IS A HUGE COTTAGE LOT by any standards.

 

There are many places to build your cottage on the property.

Get to know your property well and then pick a spot to build on.

 

The property is well forested with a mix of some mature trees.

Hardwood Trees like Poplar Trees, Birch Trees, Softwood trees like Spruce trees, the odd Red Pine, and some upland cedar trees.

 

The Town of Elk Lake

Elk Lake is a community of about 500 people at the junction of Highways 65 and 560, on the banks of the Montreal River.

Where the river really widens out to the size of a lake is referred to as ELK LAKE.

The town straddles the shore of the Montreal River, which makes for some beautiful views, especially when the sun shines off the shimmering water.

Equally anglophone and francophone, Elk Lake sits at the western edge of the Temiskaming Clay Belt and is primarily a forestry town.

The town offers 'great outdoors' adventures for residents and visitors alike.

This is an area rich with year round outdoor activities for the adventurous recreational property owner.

Hiking, skiing, boating, swimming, fishing, hunting and snowmobiling are activities available in abundance.

 

The Body of Water called Elk Lake (Montreal River)

Elk Lake offers beautiful scenery at all times of the year.

Recreational opportunities are limitless.

You can enjoy breathtaking natural scenery right from your front door when you build your cabin here.

Take just a few steps from your cabin and the opportunities open to you and your family are endless: fishing, hunting, hiking, swimming, snowmobiling and ATVing are just a handful of the activities available to be enjoyed.

Get ready for the exceptional fishing available to you as the Montreal River and area is home to a dizzying variety of fish species.

 

The Elk Lake Area

Hunting

Northeastern Ontario is a hunter’s paradise.

It does not matter what you are after, whether you’re after big game like moose, black bear and white-tailed deer, or small game and waterfowl cause this area has it all.

The Elk Lake area offers excellent moose hunting opportunities from the beginning of October to mid-November each year.

LOCATED IN Wildlife Management Unit (WMU) 40

Fishing Elk Lake

Walleye, Northern Pike, Perch, and Bass abound in many sections of the Montreal River.

With river depths varying from four to over 100 feet, tons of structure, in-flowing creeks and out-flowing rapids, the possibilities and fishing styles are endless.

Whether you troll, bottom bounce, or cast into the weed beds, you’re bound to catch your limit of any of the species listed.

You will enjoy 41 kilometers of navigable waterway, accessible right from your own cottage lot.

You can also cast your line in one of hundreds of scenic lakes, rivers and streams in the Elk Lake area.

You can fish for walleye, northern pike, small mouth bass, lake trout, brook trout, rainbow trout, splake and the illusive aurora trout.

Aurora Trout are unique to this area.

They are a rare color variation of brook trout. Their bright spawning colours, fast growth and challenging fight on a fishing line make them a prize catch.

Snowmobiling

Enjoy 350 km of groomed snowmobile trails. Elk Lake has some of the most scenic trails in the north.

ATVing

Northeastern Ontario, and the Elk Lake area in particular, offer some of the best ATV riding experiences you will find anywhere!

With hundreds of kilometres of crown land to explore, you can ride for days and not see the same thing twice.

 

SO WHERE IS ELK LAKE?

The Town of Elk Lake is in Northeastern Ontario about FIVE AND A HALF HOURS NORTH OF TORONTO, ONTARIO.

Elk Lake to New Liskeard  is 65 kilometers or 40 miles.

Elk Lake to Toronto  is 578 kilometers or 359 miles.

Elk Lake to North Bay  is 220 kilometers or 136 miles.

Elk Lake to Barrie is 467 kilometers or 290 miles.

Elk Lake to Hamilton  is 615 kilometers or 382 miles.

Elk Lake to Sudbury  is 283 kilometers or 175 miles.

 

NEED HELP TO BUY?

The seller will finance a sale as long as a buyer has at least 35% down payment.

On a sale price of $78,000 Canadian

If a BUYER has $27,000 Canadian as a down payment then the Seller will hold AN OPEN MORTGAGE for $51,000 Canadian at 8% interest on YOUR CHOICE of the following Terms.

On a 5 year term and a 5 year amortization the payment is $1,030.92 CDN per month.

On a 7 year term and a 7 year amortization the payment is $791.59 CDN per month.

On a 5 year term and a 10 year amortization the payment is $615.27 CDN per month.

On a 5 year term and a 15 year amortization the payment is $483.56 CDN per month.

On a 5 year term and a 20 year amortization the payment is $422.46 CDN per month.

On a sale price of 57,500 USD

If a BUYER has $20,000 USD as a down payment then the Seller will hold AN OPEN MORTGAGE for $37,500 USD at 8% interest on YOUR CHOICE of the following Terms.

On a 5 year term and a 5 year amortization the payment is $758.03 USD per month.

On a 7 year term and a 7 year amortization the payment is $582.05 USD per month.

On a 5 year term and a 10 year amortization the payment is $452.40 USD per month.

On a 5 year term and a 15 year amortization the payment is $355.56 USD per month.

On a 5 year term and a 20 year amortization the payment is $310.63 USD per month.

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