1 Bed Detached Home in Algoma, Unorganized, North Part
If your dream is peace and quiet, far from the hustle and bustle of everyday life - this may be the place for you. This rustic little cottage sits on a lake so secluded that it doesn't even have a name! Accessible by ATV or snowmobile, depending on the season - this is your opportunity to reconnect with nature. The cottage itself is approximately 16' x 16' and powered by propane; it features a metal roof, new insulation throughout (walls and floor), new windows and doors and includes plenty of furniture and furnishings - just show up and let the decompressing begin. P.S. rumour has it that this unnamed lake is chalk full of speckled trout!
1 bedroom, about 700 sq ft, works out to roughly $93 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside Lease RES003 Unnamed Lake
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
< 700 sq ftas stated on the listing
Basement
None
Features & systems
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
Lease RES003 Unnamed Lake Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13887136$65,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How Lease RES003 Unnamed Lake 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
$319
/mo
based on the purchase price of $65,000
$13,000 cash
$52,000 financed
$43,798 total interest
Principal54%$52,000
Interest46%$43,798
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 2–3 bed homes for sale in Algoma, Unorganized, North Part around $65K.
Average days on market51Homes sold in about 51 days on average.
Sale-to-list ratio92.5%On average, homes sold below asking.
Active listings92Homes for sale here right now.
Median vs prior 90 days+2.4%Compared with Apr 17 – Jul 16, 2026: prices up.
Based on 65 sales from Jul 16 – Oct 14, 2026 (25 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About Lease RES003 Unnamed Lake
How much is Lease RES003 Unnamed Lake listed for?
Lease RES003 Unnamed Lake is listed at $65,000 (MLS® X13887136). Summitly updates the price as soon as the MLS® record changes.
Is $65,000 a good price for Lease RES003 Unnamed Lake?
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 Lease RES003 Unnamed Lake changed?
No — Lease RES003 Unnamed Lake is still listed at its original asking price of $65,000.
How many bedrooms and bathrooms does Lease RES003 Unnamed Lake have?
Lease RES003 Unnamed Lake has 1 bedroom, with about 700 square feet of living space. It is a detached home in Algoma, Unorganized, North Part.
How much would the monthly mortgage be on Lease RES003 Unnamed Lake?
About $319 a month — principal and interest on $65,000 with 20% down ($13,000), 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 Lease RES003 Unnamed Lake compare with other homes in Algoma, Unorganized, North Part?
Its asking price of $65,000 is about 70% below the median sold price in Algoma, Unorganized, North Part over the last 90 days, $215,000, across 65 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 Lease RES003 Unnamed Lake been sold before?
Summitly has no earlier MLS® sale or lease of Lease RES003 Unnamed Lake on record from the last two years. Older records aren't shown under TRREB rules.
Where is Lease RES003 Unnamed Lake?
Lease RES003 Unnamed Lake is in Algoma, Unorganized, North Part, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has Lease RES003 Unnamed Lake been on the market?
146 days — Lease RES003 Unnamed Lake was listed on May 19, 2026.
What is the price per square foot of Lease RES003 Unnamed Lake?
About $93 per square foot: the asking price of $65,000 over the 700 sq ft the listing gives.
Does Lease RES003 Unnamed Lake have a basement, and is it finished?
The listing says Lease RES003 Unnamed Lake has no basement.
What is the lot size of Lease RES003 Unnamed Lake?
