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.
Charming 2-bedroom, 1-bath home in Gooderham, originally built in 1890 as a one-room schoolhouse and thoughtfully converted into a unique residence. This home features an open-concept layout that blends historic character with comfortable, functional living, highlighted by a cozy wood-burning fireplace and a bright sunroom offering year-round natural light and additional living space. Set on a solid stone foundation, the home carries the strength and craftsmanship of its era while offering modern usability. Recent upgrades include roof shingles with heat cables for winter durability and reduced ice buildup. Comfort and efficiency are enhanced with an on-demand hot water tank and a sediment filter system. Internet and cell service are available, making this rural property suitable for remote work and everyday connectivity. The property offers year-round municipal road access, ensuring easy four-season living. Outside, you'll find excellent gardening potential with plenty of usable space to grow and enjoy the outdoors. A detached double garage with an insulated, lofted upper level provides versatile space for storage, a workshop, or future creative use. Located just a 5-minute walk to Gooderham Lake, this peaceful rural setting offers a rare combination of history, charm, and practicality in a quiet and scenic location.
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What’s NearbyDistances approximate
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Transit score information is not available for this listing.
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Always confirm school catchments with the local school board.
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$1,725/mo
Mortgage (principal + interest)$1,609
Property taxFrom listing: $1,391/yr$116
Minimum $21,500 down for this price; the slider moves in whole percent, starting at 5%. 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$86,000
Ontario land transfer taxProvincial brackets, no first-time refund$5,075
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$93,875
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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