The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Located in a quiet and private area of Lake Penage, this gorgeous off-grid property offers stunning lake views from every level. Built in 2011, this home is fully insulated, heated by a wood stove and powered by an efficient solar system with a 3000 watt Honda generator for backup. This modern, open concept layout features a two-storey living/dining/kitchen area with extensive windows that provide passive heat and fill the space with natural light. Kitchen includes an island along with a generous cupboard and counter space. The primary bedroom is conveniently located on the main floor, while two additional upper level bedrooms enjoy expansive lake views. The three-piece bathroom include a shower, large vanity and toilet, while the composting unit is housed in a completely separate building. Across the spacious deck sits a large cedar barrel sauna, has a new floor and a change room; although it currently has no stove, it is all ready for you to add a stove, but it could conveniently be converted to a bunkie or sleep cabin. A screened gazebo offers a bug free space for games, relaxing taking in the sunset over the lake. Extensive decking overlook the water and creates exceptional outdoor living space. Multiple outbuildings provide ample storage including an enclosure housing a new Honda fire pump and several hoses. Only one neighbor is visible and the area remains with minimal boat traffic and noise. This is an ideal retreat for anyone looking to enjoy the outdoors every season. Leaching pit for grey water.
Demographic data is not available for this area yet.
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Age Groups
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Owners vs Renters
Ownership data is not available.
Household Type
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What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,081/mo
Mortgage (principal + interest)$2,054
Property taxFrom listing: $325/yr$27
Minimum $29,900 down for this price; the slider moves in whole percent, starting at 6%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$109,800
Ontario land transfer taxProvincial brackets, no first-time refund$7,455
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$120,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Sudbury Remote Area has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
