Set in a quiet, sheltered pocket of Georgian Bay, this exceptional island property offers one of the most compelling opportunities on the market. Featuring two cottages on one beautifully treed lot, it delivers the kind of flexibility today's buyers are searching for-perfect for hosting family and friends, accommodating multiple generations, or creating a private guest retreat while maintaining your own space.With 267 feet of waterfront, the property offers an ideal blend of privacy, usable shoreline, and effortless waterfront living. A gentle sandy beach provides easy access for children and swimmers, while the private dock is your gateway to exploring the endless beauty of Georgian Bay, from iconic granite shorelines and secluded anchorages to world-class boating and fishing.Life here is about slowing down and making the most of every season. Start your mornings with coffee overlooking the bay, spend the day on the water, and gather around the fire under a canopy of stars. Every detail of the setting invites you to relax, reconnect, and create lasting memories. Just a short boat ride from the marina, access is convenient while still offering the peaceful escape that makes island living so special. The moment you step into the boat, the pace changes and the stresses of everyday life fade away. Properties that offer this combination of two cottages, expansive waterfront, a family-friendly shoreline, and incredible value are becoming increasingly difficult to find. Whether you're looking for a turnkey family compound, a legacy property to enjoy for generations, or simply one of the best waterfront opportunities available at this price point, this is a property that deserves your attention. Boat included and slip available and paid for the 2026 season.
5 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $500 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 35 B723 Island
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
1 space
Basement
None
Features & systems
Parking & garage
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
1.45
Listing & possession
Property style
Bungalow
Property class
Detached
35 B723 Island Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14160374$550,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 35 B723 Island Compares to the The Archipelago Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,702
/mo
based on the purchase price of $550,000
$110,000 cash
$440,000 financed
$370,595 total interest
Principal54%$440,000
Interest46%$370,595
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in The Archipelago
Other 4-bed homes for sale in The Archipelago around $550K.
Average days on market59Homes sold in about 59 days on average.
Sale-to-list ratio94.4%On average, homes sold below asking.
Active listings43Homes for sale here right now.
Median vs prior 90 days−32.0%Compared with May 12 – Aug 10, 2026: prices down.
Based on 25 sales from Aug 10 – Nov 8, 2026 (15 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 35 B723 Island
How much is 35 B723 Island listed for?
35 B723 Island is listed at $550,000 (MLS® X14160374). Summitly updates the price as soon as the MLS® record changes.
Is $550,000 a good price for 35 B723 Island?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in The Archipelago. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 35 B723 Island changed?
No — 35 B723 Island is still listed at its original asking price of $550,000.
How many bedrooms and bathrooms does 35 B723 Island have?
35 B723 Island has 5 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in The Archipelago.
How much would the monthly mortgage be on 35 B723 Island?
About $2,702 a month — principal and interest on $550,000 with 20% down ($110,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 35 B723 Island compare with other homes in The Archipelago?
Its asking price of $550,000 is about 19% below the median sold price in The Archipelago over the last 90 days, $680,000, across 25 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 35 B723 Island been sold before?
Summitly has no earlier MLS® sale or lease of 35 B723 Island on record from the last two years. Older records aren't shown under TRREB rules.
Where is 35 B723 Island?
35 B723 Island is in The Archipelago, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 35 B723 Island been on the market?
1 day — 35 B723 Island was listed on November 7, 2026.
What is the price per square foot of 35 B723 Island?
About $367 to $500 per square foot: the asking price of $550,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 35 B723 Island have parking or a garage?
Yes — the listing gives 1 parking space.
Does 35 B723 Island have a basement, and is it finished?
