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Loon Lake Rm No. 561 · Single Family · under $475,000 · 4+ bed · 3+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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9KM West of Makwa
This 2006 bungalow is 2,220 sq ft with a 30'x50' shop on 10 acres in the RM of Loon Lake and would make an excellent family home. Main level features large kitchen with lots of counter space, dining area with access to a west facing deck, living room, primary bedroom with 4pc ensuite, 2nd bedroom, 2pc bathroom/laundry, mudroom plus a one bedroom fully self-contained nanny suite on main level. Suite has its own laundry and south facing covered deck. The basement hosts a large family room, 2 more bedrooms, 4pc bathroom, utility room, cold storage room, large storage room and another small storage room. You also have access to the back yard from the basement. New propane furnace in 2015 and basement has hot water infloor heat. New water treatment system in 2021, pressure tank and septic tank pump 2022. Metal walled/roofed shop built in 2008 has 16' walls set on concrete foundation, two sliding doors, 220 volt plug, loft/storage area and air compressor. Yard is beautifully landscaped with lots of shrubs, fruit trees, garden area and 2 sheds. Located 9km West of Makwa (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Family room | 23 × 28.8 feet | |
| Bedroom | 13.3 × 9.3 feet | |
| Bedroom | 13.3 × 11.4 feet | |
| 4pc Bathroom | 11.3 × 11.6 feet | |
| Storage | 9.4 × 7.8 feet | |
| Storage | 27.3 × 9.3 feet | |
| Other | 11.3 × 11.5 feet | |
| Storage | 11.4 × 9 feet |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 14.6 × 12.8 feet | |
| Dining room | 14.9 × 12.8 feet | |
| Living room | 17.4 × 16.6 feet | |
| Primary Bedroom | 16.1 × 11.1 feet | |
| 4pc Ensuite bath | 8.6 × 5 feet | |
| Bedroom | 9.4 × 8.1 feet | |
| Laundry room | 12 × 9 feet | |
| Kitchen | 15.6 × 12.3 feet | |
| Living room | 12.9 × 14.2 feet | |
| Bedroom | 12.2 × 10.5 feet | |
| Laundry room | 12.5 × 10 feet | |
| Mud room | 9.3 × 5.3 feet |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
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Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
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Suite legality / potential
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Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
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Insurance estimate
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Commute
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Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
9.18%
Cap rate
6.70%
GRM
10.6
Break-even rent
$2,625
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
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Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
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Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Feb 3, 2026.
Location of this listing. Distances are straight-line.
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Buyer-fit signals
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