Sold for:Sold Aug 25, 2025
$779,900

7274 Highway 534

Parry Sound Remote Area (Restoule), ON P0H 2R0

Detached House SoldNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 7274 Highway 534, Parry Sound Remote Area, Restoule

2024-04-16
2025-08-29
Expired
Price
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2025-07-31
2025-08-25
Sold
Price
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MLS#
x12321580
2025-03-07
2025-07-18
Terminated
Price
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 7274 Highway 534, Parry Sound Remote Area, Restoule

Presenting an exquisite custom-built side-split residence with deeded waterfront access, this remarkable property is nestled on over two acres of natural forest, featuring a charming heart-shaped pond. Embrace the epitome of nature and tranquility in this idyllic setting. The property boasts a triple dock on deeded waterfront across the road on the highly sought-after Lake Restoule, offering waterfront privileges without the associated taxes. A nearby boat launch ensures easy access to the lake, renowned for its excellent fishing opportunities. This serene and picturesque northern locale attracts fishermen, avid snowmobilers, and nature enthusiasts alike, with magnificent wildlife and breathtaking sunsets over the lake.The interior of this home showcases 2400 square feet of custom craftsmanship, including three spacious bedrooms, two full bathrooms, and a chef's kitchen with granite countertops and a banquette overlooking the lake. The formal living room features a bay window with views of the surrounding forest. Additional amenities include a deck and gazebo adjacent to the kitchen, an attached garage, a detached garage, a family room, a recreation room, a games room, and laundry area. The road is maintained year-round and is close to Restoule Provincial Park. Nearby amenities include a butcher shop, restaurant, and general store, all within minutes of the property.This residence is ideal for families, offering ample space for everyone. It also presents an opportunity for rental income as a desirable getaway destination. Rent it as frequently as desired helping to offset expenses. Recent upgrades include central heating and air conditioning (2021), a new sump pump (2020), new windows (2018), docking and stairs to the waterfront (2017), a top-end water system (2021), a fireplace in the basement (2021), and all-new insulation and drywall in the garage (2021). Furnishings are negotiable, allowing you to simply pack your belongings and enjoy this stunning property.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$1,393
Land Transfer Tax Fee
$12,073

Rental Items

Rental Equipment
Propane tank
Under Contract
Propane Tank

Basement Type
Partially Finished, Full

Interior Features

Laundry Level
Lower Level
Interior Extras
Countertop Range, Separate Heating Controls, Propane Tank, Upgraded Insulation, Water Treatment, Water Purifier, Water Heater Owned, Water Softener, Central Vacuum
View
Hills, Pond, Panoramic, Water, Forest, Lake, Trees/Woods
Security Features
Carbon Monoxide Detectors, Smoke Detector
Fireplace/Stove
Yes
Fireplace Features
Other, Propane, Family Room
Elevator
No

Exterior Features

Exterior Extras
Deck, Lighting, Porch, Privacy, Year Round Living
Pool
None
Property Features
Lake/Pond
Other Structures
Greenhouse, Workshop

Building

Building Type
Detached
Building Style
Other
Approx Age
31-50

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Block
Special Designation
Unknown

Lot

Lot Front
177.00 ft
Lot Depth
394.00 ft
Lot Size
2.8
Lot Size Code
x 177

Inclusions

Inclusions
Central vac, wine cooler, fridge, stove, dishwasher, washer and dryer, gazebo, window coverings, garage fridge

Exclusions

Exclusions
Owners personal items, and if furnishings are included a few items that are family Heirlooms or have sentimental value to the owners

Parking & Garages

Garage Type
Attached
Garage Spaces
2
Parking Spaces
12
Total Garage And Parking Spaces
14

Heating & Cooling

Heat Source
Other
Heat Type
Other
Air Conditioning
Central Air
Water
Other
Sewers
Septic
Cable
Available
Telephone
Available

Bedrooms
3 + 2
Washrooms
2
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Kitchen—
    Main level, Granite Counters, Centre Island, B/I Oven
  • Dining Room—
    Main level, W/O To Deck
  • Living Room—
    Main level, Bay Window
  • Family Room—
    Lower level, Fireplace
  • Bathroom—
    Lower level
  • Bathroom—
    Second level, Soaking Tub, 5 Pc Bath
  • Primary Bedroom—
    Second level
  • Bedroom—
    Second level
  • Bedroom—
    Second level
  • Game Room—
    Basement level
  • Other—
    Basement level
  • Laundry—
    Basement level
  • Cold Room/Cantina—
    Basement level

Washrooms

  • 4-piece, Lower
  • 5-piece, Upper

Municipality
Parry Sound Remote Area
Neighbourhood
Restoule
Main cross streets
Highway 534, north of Hawthorne Drive
Zoning
Unorganized
Directions
From Restoule go east on Hwy 534, property will be on your right.
Waterfront
Direct

MLS® number
X12321580
Data source
Toronto Regional Real Estate Board
Status change
2025-08-25
Listed on
2025-07-31
Days on market
25 days
Possession date
2025-09-17
Possession type
Flexible
Co-op commission
2%
Seller
Listed by
ROYAL LEPAGE TRILAND REALTY

Home Market Value

Current home valuation for 7274 Highway 534, Parry Sound Remote Area, Restoule, Parry Sound Remote Area, ON. Listed for $779,900

HOMEH Estimate

?

$755,999

Estimated Sales Range

?

$529,199 - $982,799

HOMEH Estimate for 7274 Highway 534, Parry Sound Remote Area, Restoule

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$755,999Low confidence
Based on 13 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Parry Sound Remote Area, ON
Minimum Down Payment Required:6.8%

5% on first $500K + 10% on $279,900 over $500K

Minimum down payment

$52,990

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$29,075$21,759$18,562$0
=Total mortgage
$755,942$723,669$681,477$623,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$3,691monthly$3,533monthly$3,327monthly$3,046monthly
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Land Transfer Tax

Provincial

$12,073

Total Land Transfer Tax

$12,073

Around this home

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