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.
Spectacular south/west exposure and wide lake views is only one exciting feature of this updated Mississippi Lake four season waterfront home! Then add a beautiful level lot, excellent waterfront for swimming & boating and then to top all of this off you get a fully renovated 2+2-bedroom, 2 bath bungalow with walk-out from the lower level, updated propane furnace & central air and a bonus detached building, is ideal for workshop, bunkie, garden shed, etc. Etc. Enter a nice sized foyer with durable flooring & closet and right around the corner enjoy the crisp finishes including tongue & groove vaulted ceiling, modern cabinets with butcher block counter, & centre island with breakfast seating looks out over the lakeside deck. Vinyl plank flooring highlights the dining area, front sitting room, and generous sized living room. Two bedrooms (one with a walk-through closet) and updated three pieces with glass shower bathroom finish off the lower level. Only flooring is needed to complete the large L shaped family room and two bedrooms. A second bath, laundry and additional storage finish off the bright lower level. The large lakeside deck is ideal for enjoying your morning coffee, while offering a fantastic view of the lake. A lower covered deck area is well suited for a hot tub. Excellent location, only minutes off Hwy. 7. Flexible possession is available. Come enjoy all that Mississippi Lake has to offer!!
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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$3,106/mo
Mortgage (principal + interest)$2,899
Property taxFrom listing: $2,484/yr$207
Minimum $52,490 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$154,980
Ontario land transfer taxProvincial brackets, no first-time refund$11,973
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$169,753
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Drummond/North Elmsley 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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