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.
This spectacular riverfront lot on the Burnt River offers the perfect setting to build your dream cottage or getaway. The property features two distinct levels-an elevated building site and a lower riverside level that's ideal for creating your own outdoor living space with a deck and dock overlooking the water. Enjoy breathtaking views of the Burnt River, including the historic Victoria Trail trestle bridge crossing the river. Just a short walk or paddle away is the beautiful 3 Brothers Falls, where you can relax and enjoy the peaceful surroundings. The soothing sound of the falls can often be heard from the property throughout the year. Steeped in local history, the property includes the remains of the original limestone trestle from the Irondale, Bancroft & Ottawa Railway (IB&O). The existing driveway follows the former railway bed that once ran alongside the Burnt River. The impressive stacked stone railway trestle provides a unique feature and would make an incredible location for a patio or viewing area overlooking the river. The lot has been thoughtfully reforested with mature pine trees, creating a beautiful carpet of pine needles throughout the property, complemented by scattered spruce trees that enhance the natural setting and privacy. Outdoor enthusiasts will appreciate the endless recreational opportunities: Excellent canoeing, kayaking, boating, swimming, and fishing. Direct access to miles of ATV and snowmobile trails right from the property. Cleared building site with graded access to the waterfront. Waterfront crib and steps already installed for a future dock. Hydro and Bell services run through the property. Additional improvements include:1989 Hornet 27-foot camper.10' x 12' storage shed with outhouse. U-Haul storage container for extra storage. Outdoor shower. Access is via a private three-season road maintained by the cottage association for an annual fee of $225.
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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$797/mo
Mortgage (principal + interest)$748
Property taxFrom listing: $595/yr$50
Minimum $9,995 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$39,980
Ontario land transfer taxProvincial brackets, no first-time refund$1,724
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$44,504
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Minden Hills 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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