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.
RENOVATED 5-BEDROOM HOME WITH OVER SIZED DETACHED GARAGE IN TORRANCE. Ideally situated on a level corner lot in Torrance, this value-packed property offers a recently renovated 5-BR, 2-bath home with plenty of space, practical updates, and an exceptional detached garage.The home has been freshly painted throughout and features a spacious open-concept main level with a large living room, dining area, and kitchen, creating an inviting space for entertaining and family gatherings. A propane fireplace adds warmth and character to the living area. There is a walkout patio door leading to a fenced concrete patio. The lower level offers even more living space with a large family room featuring a second propane fireplace, two bedrooms, a laundry room. A standout feature of this property is the impressive 26' x 26' -storey detached garage. The over sized 10' wide x 12' high garage door provides excellent access & is equipped with an automatic opener. The garage is insulated, wired, and has its own 100-amp breaker panel, along with a large electric heater-making it ideal for a workshop, storage, recreational vehicles, or a variety of other uses.The rear of the garage includes a 7' x 25' loft storage area, with approximately 7' of height above and a spacious 9' high area below. The 25' width provides plenty of room for equipment, hobbies, storage, or workspace. Location is another major advantage. The property is within walking distance of the Torrance Community Centre & Fire Station, while nearby Sunset Park offers public access to Lake Muskoka. Drive or walk down to enjoy swimming, fishing, picnicking, spectacular sunsets, and relaxing by the water. The park also offers an easy boat launch and a large dock for temporary docking. Enjoy convenient access to the beauty and recreational opportunities of Lake Muskoka, Lake Rosseau, & Lake Joseph-without the lakefront taxes. A versatile home, an exceptional garage, and a great Torrance location make this a property worth seeing.
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Estimated Rental Income
Rental estimate coming soon
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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$2,850/mo
Mortgage (principal + interest)$2,615
Property taxFrom listing: $2,821/yr$235
Minimum $44,900 down for this price; the slider moves in whole percent, starting at 7%. 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$139,800
Ontario land transfer taxProvincial brackets, no first-time refund$10,455
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$153,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Muskoka Lakes 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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