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.
The iconic Sharpe home is for sale! Built by James Sharpe circa 1890. First Reeve of the Village of Burks's Falls. The same owners have owned this magestic piece of paradise for 30 years. The love and pride of ownership is a feeling as you walk through the door. It has been renovated thoughtfully, still retaining its classic charm. This is a 3 floor home, with 2 stair cases attached to beautiful landings. The main floor consists of a large main kitchen and livingroom, a second dry kitchen, a den that could be used as a main floor bedroom or office.There is also a 3 piece bathroom with a claw tub. The main foyer is accessed from a gorgeous wrap around Verandah. A nicely placed deck takes you into the dry kitchen. Walking up the stairs to the second floor is like walking back in time. The second floor houses a Primary bedroom, dressing closet and a 4 piece bathroom, magazine worthy. There is another bedroom on this floor as well as a 2 piece bathroom with laundry facilities. On the third floor there are 3 large size bedrooms as well as storage. All of this plus 1.48 acres of land. Sit on your verandah and enjoy the views of the Magnetawan River and the meticulously, maintained grounds, with outstanding perennial gardens, water features and a patio amidst an English garden. There is a circular driveway. A bonus to this spectacular property, the river is across the road. The waterfront is not owned however there is a dock to access the water. There is also a single car garage that does need some love. The property is on a dead end year round road. Serious inquiries only. (Floor plans are under documents.)
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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$4,375/mo
Mortgage (principal + interest)$3,958
Property taxFrom listing: $5,010/yr$418
Minimum $80,800 down for this price; the slider moves in whole percent, starting at 8%. 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$211,600
Ontario land transfer taxProvincial brackets, no first-time refund$17,635
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$232,035
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Burk's Falls 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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