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 approximately 10 minutes north from Seeley's Bay township docks, where you can launch your boat at no cost, lies this 2.637 acres island lot. Directly on the Rideau Canal just south of Murphy's Narrows providing deep water and access to miles of boating right off your dock. This property has been in the same family since 1965 and is awaiting development into an island oasis affording plenty of privacy and numerous potential building sites. Land is fairly open with rolling topography and mature trees. Clear water with little weeds. A number of great swimming areas. There is only one other owner on the 'back' side of the island allowing endless opportunities for your island oasis. Property is zoned RS, Shoreline Residential and due diligence with Leeds and the 1,000 Islands Township is recommended for all development proposals. No walking of island without agent present please. Call for any and all questions..
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What’s NearbyDistances approximate
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Estimated Rental Income
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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$754/mo
Mortgage (principal + interest)$670
Property taxFrom listing: $1,017/yr$85
Minimum $8,950 down for this price; the slider moves in whole percent, starting at 5%. 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$35,800
Ontario land transfer taxProvincial brackets, no first-time refund$1,515
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$40,115
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Leeds and the Thousand Islands 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.
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