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 this charming, open concept Viceroy style cottage on beautiful Contau Lake. Designed for four-season living, this inviting retreat features an eat-in kitchen, cozy living room with wood stove, and three bedrooms, each offering vaulted ceilings and a bright, spacious feel. Enjoy south facing lake views from the sunroom, or step outside onto the expansive decks featuring clear panel railings and a louvered privacy fence on the upper level, perfect for relaxing, entertaining, and taking in the peaceful surroundings. The property offers 126 feet of south-facing shoreline, with deep water off the dock, ideal for swimming, fishing, boating, and enjoying everything Contau Lake has to offer. The lake is known for its excellent water quality and provides a wonderful setting for year-round recreation. Outdoor amenities include a single-car detached garage and three additional outbuildings, including a convenient storage shed near the water, and another with potential to be converted into a bunkie for extra guest accommodation. An ATV trail down to the lake makes taking extra water toys and treats to the dock effortless. Located just five minutes from the village of Gooderham, you'll have easy access to local essentials including groceries, gas, and the LCBO. A wonderful opportunity to make this lakeside retreat yours!
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What’s NearbyDistances approximate
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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$2,285/mo
Mortgage (principal + interest)$2,057
Property taxFrom listing: $2,736/yr$228
Minimum $29,990 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$109,980
Ontario land transfer taxProvincial brackets, no first-time refund$7,473
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$120,253
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.
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