Algoma, Unorganized, North Part, ON · MLS® X14095482Updated
$199,900Est. $982/mo mortgage
Bedrooms
1
Bathrooms
1
Living space
700–1100sq ft
Type Detached
Lot 50 acres
Basement None
What you should know
4001 Highway 556 is a 1-bedroom, 1-bathroom detached home in Algoma, Unorganized, North Part, listed for $199,900. It has 700-1100 sq ft of living space.
1Escape to your own peaceful retreat at 4001 Highway 556.
2The cabin features one bedroom, a shower, a composting toilet, a greywater system and pellet heat.
3Steel roofing adds to its low-maintenance appeal.
1 Bed, 1 Bath Detached Home in Algoma, Unorganized, North Part
About 4001 Highway 556
Escape to your own peaceful retreat at 4001 Highway 556. Set on approximately six acres, this charming log cabin offers a quiet, natural setting and is permitted for year-round use. Searchmont Resort is just about a five-minute drive away, making this a great spot for ski season and winter weekends. The cabin features one bedroom, a shower, a composting toilet, a greywater system and pellet heat. Steel roofing adds to its low-maintenance appeal. Beyond the ski hill, the Searchmont area offers a range of outdoor pursuits, with hunting and fishing opportunities, ATV touring and snowmobiling in the region. Whether you’re looking for a cozy ski retreat, a base for exploring the Algoma outdoors, or simply a peaceful place to unwind, this six-acre getaway is ready to enjoy in every season.
1 bedroom, 1 bathroom, about 700 sq ft, works out to roughly $286 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 4001 Highway 556
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Basement
None
Features & systems
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
4001 Highway 556 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14095482$199,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 4001 Highway 556 Compares to the Algoma, Unorganized, North Part 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
$982
/mo
based on the purchase price of $199,900
$39,980 cash
$159,920 financed
$134,695 total interest
Principal54%$159,920
Interest46%$134,695
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 Algoma, Unorganized, North Part
Other 1–5 bed homes for sale in Algoma, Unorganized, North Part around $200K.
Average days on market51Homes sold in about 51 days on average.
Sale-to-list ratio92.7%On average, homes sold below asking.
Active listings91Homes for sale here right now.
Median vs prior 90 days+8.5%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 62 sales from Jul 24 – Oct 22, 2026 (28 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 4001 Highway 556
How much is 4001 Highway 556 listed for?
4001 Highway 556 is listed at $199,900 (MLS® X14095482). Summitly updates the price as soon as the MLS® record changes.
Is $199,900 a good price for 4001 Highway 556?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Algoma, Unorganized, North Part. 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 4001 Highway 556 changed?
No — 4001 Highway 556 is still listed at its original asking price of $199,900.
How many bedrooms and bathrooms does 4001 Highway 556 have?
4001 Highway 556 has 1 bedroom and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Algoma, Unorganized, North Part.
How much would the monthly mortgage be on 4001 Highway 556?
About $982 a month — principal and interest on $199,900 with 20% down ($39,980), 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 4001 Highway 556 compare with other homes in Algoma, Unorganized, North Part?
Its asking price of $199,900 is about 10% below the median sold price in Algoma, Unorganized, North Part over the last 90 days, $222,500, across 62 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 4001 Highway 556 been sold before?
Summitly has no earlier MLS® sale or lease of 4001 Highway 556 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 4001 Highway 556?
4001 Highway 556 is in Algoma, Unorganized, North Part, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 4001 Highway 556 been on the market?
2 days — 4001 Highway 556 was listed on October 19, 2026.
What is the price per square foot of 4001 Highway 556?
About $182 to $286 per square foot: the asking price of $199,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 4001 Highway 556 have a basement, and is it finished?
The listing says 4001 Highway 556 has no basement.
