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 your perfect four-season lakeside retreat-where comfort, convenience, and classic cottage charm come together beautifully. This renovated 3-bedroom cottage offers excellent year-round access, making it ideal as both a weekend escape or a year round destination. Set on a gently sloping lot that leads effortlessly to the water's edge, the property is perfect for all ages and provides easy enjoyment of all Salerno Lake has to offer. Inside, the cottage features a functional and comfortable layout with a bright living space designed for easy living. The expansive sunroom is an inviting space to relax with your morning coffee or unwind after a day on the water. Step outside to the large deck and take in stunning lake views, an ideal spot for entertaining, dining, or simply soaking up the peaceful surroundings. The lake itself is a standout feature, offering plenty of room for watersports, swimming, and boating, along with great fishing right off your dock. Recent upgrades provide peace of mind and modern efficiency and, include a heat pump, heated waterline, new flooring, upgraded appliances, refreshed kitchen, remodeled bathroom with convenient laundry facilities, new windows, and an newer deck. Property comes with everything included allowing you to move in and enjoy without the hassle. Whether you're looking to relax, entertain, or explore the outdoors, this turnkey waterfront property delivers it all.
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What’s NearbyDistances approximate
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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$2,507/mo
Mortgage (principal + interest)$2,244
Property taxFrom listing: $3,148/yr$262
Minimum $34,990 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$119,980
Ontario land transfer taxProvincial brackets, no first-time refund$8,473
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$131,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Highlands East 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.
