$1.80M · 4 bed Common Element Condo · Franklin, Lake of Bays

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About this home

Welcome to 1023 Kingsridge Ct, This spacious 4 Bed 2.5 bath boasts ample natural lighting and a massive open concept layout, Ground level master bedroom with walk-in closet and a full 4 piece en-suite, Additional bedrooms on the upper level with a large basement with additional potential for more living space. Thousands in upgrades, a fully enclosed Muskoka outdoor room for you and your guests to enjoy, nestled at the top of a dead end street surrounded by trees and conservation forest, this ret…

Property details

MLS#

X12880908

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

3 full, 0 half

Rooms

Kitchens

Size

2750-2999Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

Full, Unfinished

Style

2-Storey

Type

Common Element Condo

Year built

—Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 2 pc · Second; 4 pc · Main; 3 pc · Upper
Family room: Family room
Central vacuum: No
Ensuite laundry: No

Property features: Clear View, Cul de Sac/Dead End, Greenbelt/Conservation, Park, Ravine, Sloping

Condo corp #: 101
Balcony: Enclosed
Locker: None
Fees include: Common Elements Included
Pets: Yes-with Restrictions

Garage: 2-car Attached
Garage spaces: 2
Parking: 10 total
Heating: Forced Air
Heating fuel: Propane
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Aluminum Siding, Brick
Fronting on: —
Cross street: Hwy 60 and Echo Hills Rd
Stories: 1
Utilities: —
Laundry: Ensuite
Interior: Auto Garage Door Remote, In-Law Capability, Primary Bedroom - Main Floor
Parking features: Private

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,799,000✓ $4,016 tax✓ Propane✓ 2750-2999 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$12,462/mo

incl. closing costs (yr 1)

Annual total

$149,547

year 1

Mortgage only

$6,825/mo

principal + interest

Beyond mortgage

$2,474/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$359,800

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$335/mo

Utilities

Hydro / electricity$111/mo

≈ $0.07/ft² × ~2,875 ft² · ON avg ~$111/mo

Propane$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$17,990/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$15/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$32,455

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)55% $81,898/yr

Property taxes24% $36,471/yr

Utilities3% $4,388/yr

Insurance & security1% $1,600/yr

Maintenance12% $17,990/yr

Condo fees1% $2,100/yr

Closing costs3% $5,100/yr

Mortgage is 55% of your true cost of ownership. The other 45% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$81,898	$6,825/mo
Government & taxes
Property tax	$4,016	$335/mo
Land transfer tax(closing)	$32,455	$2,705/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,328	$111/mo
Propane	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$17,990	$1,499/mo
Condo fees
Condo / HOA fees	$2,100	$175/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$149,547	$12,462/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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1023 Kingsridge Court

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