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.
This Norcan Lake waterfront (just past Calabogie) 4 season home + separate cottage (3 bedroom) + large garage offer a resort experience - to live in for yourself, to rent, or do both. The property is actively rented as a short term income producing property with great returning renters. The four bedroom century log home has been extensively upgraded over the years with: foundation, electrical, plumbing, HVAC (Geothermal), water treatment and more. The main level offers a full living experience with an open concept living area with open beam wood ceilings, main floor laundry, and a full bath and primary bedroom. The large front main floor windows and recently upgraded covered deck that sweeps across the entire front of the home face allow for spectacular waterfront scenery all day. The second level offers three bedrooms and an additional full bath. Two of the bedrooms offer suites with four beds in each bedroom and one bedroom offers a private one bed experience. The large basement offers ample storage and options for more space if your needs so require. This property features a fully separate three season three bedroom cottage that has been recently renovated. The cottage has a huge water facing screen porch that wraps around one side and makes for great outdoor entertainment or storage of things you want to keep dry. New Interlock patio fire pits have been recently installed in front of both the log home and cottage. The land slopes to the waterfront where you will find a sitting area, gradual landscaped water entry area + stone shoreline and two docks great for fishing, boats or just sitting to enjoy the water! Norcan Lake is well known for great fishing and many species of birds! Skiing, ATV'ing, biking and lots of recreation nearby.The two car partially heated garage+workshop+storage space. The property can be sold with the short term rental business ready to continue. Inquire for more income details, list of upgrades. Note the price is plus HST as applicable.
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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$4,807/mo
Mortgage (principal + interest)$4,489
Property taxFrom listing: $3,810/yr$318
Minimum $95,000 down for this price; the slider moves in whole percent, starting at 8%. 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$240,000
Ontario land transfer taxProvincial brackets, no first-time refund$20,475
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$263,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Frontenac 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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