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$30,000.00 CDN - File 62- Lot 18 Stoddard Lake $30,000

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File 62- Lot 18 Stoddard Lake $30,000 Canadian

COTTAGE PROPERTY ON STODDARD LAKE

UNORGANIZED AREA

NO BUILDING PERMITS REQUIRED

GOOD FISHING

Located just 24 kilometers or 15 miles west of Hearst, in beautiful Northern Ontario.

 

This lot is owned and deeded land, it is not leased land.

The lot size is 46.21 meters or 151.6 feet wide by 76.47 meters or 250.8 feet deep giving you an Area:  36,124 ft² or (0.829 ac).

There are no improvements (buildings) on the property.

The property is fully wooded with mature timber consisting of a mix of spruce trees, poplar trees and some cedar trees.

 

HOW DO YOU GET TO THIS PROPERTY?

The way to get to the property is by BOAT ACCESS ONLY, really just less than a 10 minute from the public boat launch to the property.

 

This lake is not very heavily populated with owners.

In fact THERE ARE ONLY A TOTAL OF 19 PROPERTY OWNERS on this entire lake.

 

There is minimal fishing pressure on this lake.

 

Stoddard  Township is an UNORGANIZED TOWNSHIP so you don’t need a building permit to build your summer cottage.

 

Stoddard Lake is a very good sized lake.

It has a surface area of about 370  acres or 148.5 hectares.

This lake is 2.44 kilometers long or 1.51 miles.

The maximum depth of the lake is 33 feet or 10.1 meters.

The average depth of the lake is 12 feet or 3.7 meters.

 

Fish you can catch in Stoddard Lake include NORTHERN PIKE, WALLEYE and YELLOW PERCH.

Fishing pressure on the lake is almost none.

 

Located in WMU 24.

Great hunting  in the area and the fishing is very good.

If you want to fish other lakes in the area then close by are Banks Lake, St. Joseph Lake, Fushima Lake and countless others.

NEED FINANCING?

So, you want to buy your cottage lot but don’t have all the money yet to buy one?

That’s OK, because the SELLER WILL FINANCE the purchase.

IN CANADIAN DOLLARS

If you have at least a $10,500 down payment the seller will hold an OPEN MORTGAGE of $19,500.

Based on a selling price of $30,000 and a mortgage rate of 8% you will have A CHOICE OF THE FOLLOWING TERMS AND PAYMENT PLAN.

On a 5 year term and a 5 year amortization the payment would be $394.18 per month.

On a 7 year term and a 7 year amortization the payment would be $302.67 per month.

On a 5 year term and a 10 year amortization the payment would be $235.25 per month.

On a 5 year term and a 15 year amortization the payment would be $184.89 per month.

On a 5 year term and a 20 year amortization the payment would be $161.53 per month.

IN U.S.DOLLARS

If you have at least a $7,500 USD down payment the seller will hold an OPEN MORTGAGE for $14,000 USD

Based on a selling price of $21,500 USD and a mortgage rate of 8% you will have A CHOICE OF THE FOLLOWING TERMS AND PAYMENT PLAN.

On a 5 year term and a 5 year amortization the payment would be $283.00 USD  per month.

On a 7 year term and a 7 year amortization the payment would be $217.30 USD  per month.

On a 5 year term and a 10 year amortization the payment would be $168.90 USD  per month.

On a 5 year term and a 15 year amortization the payment would be $132.74 USD  per month.

On a 5 year term and a 20 year amortization the payment would be $115.97 USD  per month.

YOU PICK the payment plan that suits you and remember that on the closing date of the purchase you own the property, you get the TITLE and the DEED on that date so you cans start building your summer cottage immediately.

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