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.
Set on the crystal-clear shores of peaceful Lake Lorraine, this beautifully updated 4-season waterfront cottage offers the kind of lifestyle families dream about. With southern exposure, calm mirror-like waters, and direct access to pristine spring-fed swimming, every day here feels connected to nature. The clean, weed-free shoreline and flat approach to the lake make it ideal for families, with no steep hills or endless stairs to navigate. Positioned right at the water's edge, the cottage captures stunning lake views and sunshine throughout the day. Unlike many busy lakes, Lake Lorraine (Tory Lake) is known for its tranquility, privacy, and strong sense of community. With no public boat launch, you can enjoy peaceful mornings, minimal boat traffic, and the comfort of watching children swim, fish, kayak, or skate close to shore. Thoughtfully upgraded for true year-round living, the property has been extensively improved with new water lines, water filtration system, upgraded insulation, spray foam insulation, heated plumbing systems, two cold-weather Mitsubishi heat pumps for heating and cooling, plus a WETT-certified wood-burning fireplace for cozy evenings at the lake. Every season brings something special here, from breathtaking fall colours to nearby ATV and snowmobile trails, excellent winter skating conditions, and skiing at Sir Sam's just 20 minutes away. Located in the highly desirable Highlands East/North Kawartha region, this property offers a quieter and more affordable alternative to Muskoka while still delivering the waterfront lifestyle buyers are searching for. The property is also Municipality Short-Term Rental License compliant and includes professionally prepared architectural expansion drawings (see attached architectural approved plans), offering incredible future potential for a custom waterfront retreat or investment opportunity. A rare opportunity to own a true year-round waterfront escape designed for making lifelong memories - see attachment
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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$2,336/mo
Mortgage (principal + interest)$2,188
Property taxFrom listing: $1,768/yr$147
Minimum $33,500 down for this price; the slider moves in whole percent, starting at 6%. 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$117,000
Ontario land transfer taxProvincial brackets, no first-time refund$8,175
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$127,975
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
