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.
Absolutely Stunning. The 1000 Islands Schoolhouse Estate Offers A Rare Opportunity To Enjoy An Extraordinary Private Estate Or Combine Luxury Residential Living With Income-Generating Commercial Uses. Set On Approx. 5 Acres In Ontario's Thousand Islands Region, Midway Between Toronto And Montreal And 10 Minutes From The 1000 Islands Bridge To The U.S.A., The Former Escott Public School Offers Approx. 7,000 Sq. Ft. Of Luxury Residential Living Space Within A 13,000 Sq. Ft. Building, Plus A Separate 3,200 Sq. Ft. Quonset. Approx. 2,500 Sq. Ft. Of The 7,000 Sq. Ft. Residential Area Is Suitable For Commercial Use While Retaining A Substantial And Totally Separate 3,500 Sq. Ft. Private Residence. CH-17 Highway Commercial Zoning Provides Residential, Live/Work And Commercial Possibilities. An Extensive Selection Of Furnishings, Artwork, Decor And Equipment Is Also Available Separately. ***Additional Details See "More Information" Below***
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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$11,029/mo
Mortgage (principal + interest)$10,475
Property taxFrom listing: $6,654/yr$555
Minimum 20% ($560,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. 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$560,000
Ontario land transfer taxProvincial brackets, no first-time refund$56,475
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$619,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Leeds and the Thousand Islands 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.
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