$575K · 2 bed Condo Apartment · Franklin, Lake of Bays

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About this home

Welcome to your 4-season dream retreat on prestigious Bigwin Island! This Fully Furnished, no-maintenance luxury condo offers a rare opportunity to enjoy effortless lakeside living. Located within the Bigwin Island Condominiums, this beautifully renovated 2-bedroom, approximately 1068 sq ft. unit faces the sparkling waters of Lake of Bays and overlooks the iconic Bigwin Golf Club's historic stone fireplaces and practice green. Whether you're a summer cottager, a winter snowmobiler, a fall color…

Property details

MLS#

X13101584

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

2 full, 0 half

Rooms

Kitchens

Size

1000-1199Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Apartment

Type

Condo Apartment

Year built

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

Occupancy: Vacant
Washrooms: 4 pc · Flat
Family room: No
Central vacuum: No
Ensuite laundry: No

Roof: Shingles
Property features: Golf

Fireplace features: Electric

Waterfront: Yes
Water view: Partially Obstructive
Water body: Lake of Bays
Water frontage: 1500 ft
Shoreline: Mixed, Deep, Hard Bottom
Waterfront features: Boat Slip, Dock, Island, Waterfront-Deeded Access, Stairs to Waterfront

Condo corp #: 1
Balcony: None
Locker: None
Fees include: Heat Included, Water Included, Hydro Included, Common Elements Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: —
Heating: Forced Air
Heating fuel: Electric
Cooling: Window Unit(s)
Exterior: Stucco (Plaster)
Fronting on: —
Cross street: Hwy 117 & Old Hwy 117
Stories: 2
Utilities: —
Laundry: Coin Operated, Laundry Room, Shared
Interior: Bar Fridge, Carpet Free, Separate Heating Controls, Water Heater Owned
Parking features: Unreserved

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $575,000✓ $1,175 tax✓ Electric✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,610/mo

incl. closing costs (yr 1)

Annual total

$67,324

year 1

Mortgage only

$2,181/mo

principal + interest

Beyond mortgage

$2,306/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$115,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$98/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,100 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

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%$5,750/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)$119/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $26,176/yr

Property taxes14% $9,150/yr

Utilities4% $2,460/yr

Insurance & security2% $1,600/yr

Maintenance9% $5,750/yr

Condo fees25% $17,088/yr

Closing costs8% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$26,176	$2,181/mo
Government & taxes
Property tax	$1,175	$98/mo
Land transfer tax(closing)	$7,975	$665/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,750	$479/mo
Condo fees
Condo / HOA fees	$17,088	$1,424/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	$67,324	$5,610/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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Property details

Rooms

Price movement & seller pressure

Sales History

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Annual costs