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.
An exceptional opportunity to own a truly special cottage resort on pristine Oxtongue Lake, in one of Ontario's most sought-after recreational destinations near world-renowned Algonquin Park. Cloverleaf Cottages has become one of the area's most popular resorts with 13 distinctive cottages (3 winterized) , immaculate gardens and grounds, extensive guest amenities, substantial waterfront, excellent income, and exceptionally loyal, repeat clientele. Property features an office with store, main building which could be utilized for an owner or manager's home, two-car garage, coin-op laundry facilities, multiple gazebos with incredible vantage points throughout, charming gathering spaces, and a popular kid's playground with basketball court. Consists of eight (2) bedroom cottages, four (3) bedroom cottages, and one cozy (1) bedroom cottage. Several are located right on the waterfront. All cottages are uniquely designed and furnished and include a fully-equipped kitchen, satellite tv, wireless internet, deck with outdoor furniture and bbq. Canoes, pedal boats and kayaks are available for guest use. All of this is exactly why this resort boasts full occupancy from mid-May to mid-October. 450 feet of waterfront and 3.9 acres of land, right on the lake. Swimming, boating, fishing, paddling and lakeside relaxing are all right here. Shopping and dining in nearby Dwight, historic downtown Huntsville is 25 minutes away. Algonguin Park allows for even more hiking and recreational opportunities. ATV and snowmobile trails down the road. Whether you are an experienced resort operator, investor, entrepreneur or family seeking a business that combines income with an extraordinary lifestyle, this is a rare opportunity to acquire a resort that has clearly been loved and exceptionally well cared for.
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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$18,524/mo
Mortgage (principal + interest)$17,957
Property taxFrom listing: $6,810/yr$568
Minimum 20% ($960,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. 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$960,000
Ontario land transfer taxProvincial brackets, no first-time refund$106,475
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$1,069,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Algonquin Highlands 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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