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.
Tucked into the Meadows at East Lake Shores, 11 Butternut Lane is a charming 2-bedroom, 1-bathroomcottage offered fully furnished and ready to enjoy. Set on an end lot with no neighbours on one side, it offers a more open feel with added privacy-something not often found in this area. The east-facing screened porch is the perfect place to start your day with coffee and soft morning sun, while the layout is ideal for relaxed weekends, family time, or rental use. Located close to the resort's family-focused amenities, this cottage is especially appealing to renters, with easy access to the family pool, sports courts, playground, and open green spaces that make the Meadows such a vibrant and social part of the community. East Lake Shores is a seasonal (April-October) gated waterfront community set on 80 acres with 1,500 ft. of shoreline on East Lake. Owners enjoy free use of canoes, kayaks, and paddleboards, along with amenities including two pools, tennis, pickleball, bocce, shuffleboard, a putting green, gym, playground, walking trails, and an off-leash dog park. Join in as much or as little as you like with activities like yoga, aquafit, live music, and family-friendly events. This vacant land condominium means you own both the cottage and the land. Monthly fees of $663.03(billed year-round) include TV, internet, water, sewer, lawn care, off-season snow removal, and full use of all amenities. If you're looking for an income-generating opportunity, the location within the Meadows-close to the family pool and sports courts-makes this cottage especially appealing for rentals. Owners can participate in the on-site rental program or rent independently through Airbnb/VRBO-no STA license required. Just minutes from Sandbanks Provincial Park, Picton, wineries, breweries, and farm stands, this is Prince Edward County at its best-easy, social, and ready for summer.
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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$1,671/mo
Mortgage (principal + interest)$804
Property taxFrom listing: $2,444/yr$204
Condo feesFrom listing$663
Minimum $10,750 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$43,000
Ontario land transfer taxProvincial brackets, no first-time refund$1,875
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$47,675
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Prince Edward County 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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