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.
Close to the Action in the Meadows! 13 Butternut Lane is an easy place for families to settle into cottage life. Located in the Meadows section of East Lake Shores, this fully furnished Cherry Valley model sits just steps from the family pool, playground, sports courts, dog park, and event pavilion, with the waterfront an easy walk away. The southwest-facing screened porch offers room for both dining and lounging and overlooks a landscaped pocket park with a community fire pit and open green space. With no rear neighbours, a cedar privacy hedge, and parking right beside the cottage, it's easy to enjoy and convenient for everyday use. Inside, the layout is bright, simple, and easy to live in, with two bedrooms and a straightforward flow that works well for families and guests. The cottage is being sold fully furnished and move-in ready, making it ideal for personal use, rentals, or a combination of both. East Lake Shores is a gated, seasonal (April-October) waterfront condominium community with 1,500 feet of shoreline on East Lake, two pools, sports courts, walking trails, an off-leash dog park, and shared canoes, kayaks, and paddleboards. Just minutes away, Sandbanks Provincial Park and the shops, wineries, breweries, and restaurants of Prince Edward County make this a popular destination for families. For those considering income potential, the location is especially well-suited to rentals due to its proximity to family amenities. The buyer has the opportunity to assume more than $20,000 in confirmed rental bookings for the current season. Owners may rent privately or participate in the on-site rental program with no STA licence required. Monthly condo fees of $663.03 include high-speed internet and TV, water and sewer, grounds maintenance, professional management, and use of all amenities. Seller may consider a vendor take-back mortgage for qualified buyers-a turnkey Prince Edward County getaway with flexibility for personal use, rentals, or both.
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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$1,528/mo
Mortgage (principal + interest)$670
Property taxFrom listing: $2,340/yr$195
Condo feesFrom listing$663
Minimum $8,950 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$35,800
Ontario land transfer taxProvincial brackets, no first-time refund$1,515
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$40,115
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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