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.
Welcome to 55 Lily Pad Road, a beautifully maintained, year-round waterfront property offering privacy, excellent lake protection and plenty of room for family and guests. Set on 1.3 acres with 174 feet of south-facing frontage, this property enjoys deep water, great views and a sheltered bay protected from north and northwest winds. The fully insulated 1,988 sq. ft. main cottage features 3 bedrooms, 2 bathrooms and a flexible family room that can easily serve as a fourth bedroom, games room or quiet retreat. The bright, open-concept kitchen, dining and living area is designed for entertaining, with a large island, custom lighting and easy access to the lakeside deck. The primary bedroom also opens directly onto the deck and includes its own 3-piece ensuite. A fully renovated 800 sq. ft. guest cabin provides two additional bedrooms, a kitchenette and comfortable sitting area, making this an exceptional setup for extended family and guests. Designed for comfortable four-season use, the property features year-round road access, hot and cold running water, septic field, forced-air electric furnace, air conditioning, WETT-certified woodstove and in-floor electric heat in the kitchen and main bathroom. Recent improvements include an electric sauna, new stairs to the waterfront, renovated guest cabin and roof, new main cottage roof, paved and rock driveway, and an impressive 55' x 60' dock system with two covered boat slips, lounge area, floaters and two remote-controlled 8,500 lb boat lifts.
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What’s NearbyDistances approximate
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Transit score information is not available for this listing.
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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$5,973/mo
Mortgage (principal + interest)$5,514
Property taxFrom listing: $5,500/yr$458
Minimum $122,400 down for this price; the slider moves in whole percent, starting at 9%. 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$294,800
Ontario land transfer taxProvincial brackets, no first-time refund$25,955
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$323,555
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Kenora 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.
