$599,000
For sale: Detached

for sale on Deer Lake in South River! This unique waterfront property features two cottages, one of which is fully winterized and the other being partially winterized both on a flat, gently sloping lot with beautiful west-facing sunset views. The first cottage is 602 sq. ft. with 1 bedroom, 1 bathroom, a living room, and a seasonal room that could be converted into a second bedroom. The second, larger 807 sq. ft. cottage sits just feet from the water and offers 3 bedrooms, 1 bathroom, a spacious living/dining area, kitchen, breezeway, screened-in porch, and a working wood stove. Outside, enjoy a sandy swimming area, dock, and private boat launch. With plenty of level land and an unorganized township, there is potential to expand the existing structures or add a garage, bunkie, or boathouse without the requirement of building permit approvals. Deer Lake is nearly 1,000 acres, reaching approximately 50 feet at its deepest, and offers excellent boating and fishing. Conveniently located about 15 minutes to groceries and gas at Eagle Lake Narrows and 25 minutes to the town of beautiful South River. A great opportunity for a Airbnb get away!
Sold data
Homes in South River took a median of 27 days to sell over the last 730 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 74, across 32 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 68 days.
The median sale price was $387,000.
Homes sold for about 3.5% below asking on average, so there was room to negotiate.
About 0% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 32 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
South River has 2 Fraser Institute–rated schools (1 elementary and 1 secondary).
School ratings from the Fraser Institute's Ontario school report cards.
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