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.
Welcome to this beautifully maintained year-round waterfront home on Restoule Lake, cherished by the same family for decades. Situated on over an acre of landscaped grounds, the property features mature trees, stunning rock outcroppings, a manicured lawn, and a gentle slope to approximately 200 ft of shoreline on the highly sought-after 14 km long Restoule Lake. Offering approximately 2,300 sq ft of finished living space, this home includes 4 bedrooms and 2 bathrooms. The main floor features a bright open-concept layout designed to capture lake views, with an eat-in kitchen, dining room (or office) with walkout, and a living room with walkout to the full-length elevated deck-perfect for entertaining or relaxing while enjoying the waterfront scenery. A woodstove adds warmth and charm for cozy winter evenings. Two bedrooms (one with walk-in closet), a 3-piece bath, and ample storage complete the main level. The finished walkout lower level offers a spacious family room, laundry area, office nook, two additional bedrooms, and a second 3-piece bathroom. A workshop/utility room with overhead door provides easy access for storage and recreational equipment. Additional features include a detached 32'3" x 24'3" insulated and heated garage/shop with 60-amp panel and a finished loft above with new flooring, ideal for guests or studio space. The home is serviced by 200-amp electrical, forced-air propane furnace (new 2026), central air, central vacuum, septic system, and lake water with UV system. Updated flooring and eavestroughs with gutter guards. High-speed internet and Bell Satellite available. Restoule Lake offers excellent swimming, boating, and fishing including Pike, Bass, Pickerel, Lake Trout, and world-class Muskie. Close to ATV and OFSC trails, Restoule Provincial Park, and acres of Crown land. Located on a quiet private road ($200/year maintenance) with friendly neighbours. Quick closing available. Excellent short-term rental opportunity.
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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$3,903/mo
Mortgage (principal + interest)$3,722
Property taxFrom listing: $2,166/yr$181
Minimum $74,500 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$199,000
Ontario land transfer taxProvincial brackets, no first-time refund$16,375
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$218,175
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Parry Sound Remote Area 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.
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