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.
Rare opportunity to own 2 separate but adjoined waterfront properties, offering a combined 3.6 acres and 312 feet of clean, sheltered shoreline on the South/Eastern end of Wolfe Island in the heart of the Thousand Islands. Currently a perfect a perfect single family compound, two deeds allow the option of a guest house if desired. 199 Leone's Cove Lane is a fabulous turnkey, split level home. The main level's great layout offers open concept kitchen and dining. electric fireplace, and patio doors opening onto a spectacular river view deck. A walk through pantry and custom bar lead to a 3-piece bathroom. The upper level has three bedrooms and full bath, while the lower level has a rec room with walk out to patio doors, laundry/mechanical room and an additional bedroom. Outside, over 2 acres of landscaped and manicured grounds provide ample space to enjoy more than 220 feet of natural flat rock shore. The property boasts new steel and stone break walls and ample floating and fixed dockage, perfect for swimming, fishing, kayaking, and boating. A fantastic garage (22x19) with pine board and batten interior with pot lighting provides another cozy indoor space. There is a lovely outdoor pavilion built for parties and entertaining that overlooks ships navigating the St. Lawrence River to and from Lake Ontario.213 Leone's Cove Lane, the waterfront neighbouring property, has a 38x35 foot barn adorned from floor to ceiling with knotty pine, patio doors leading out to a stone landing, and quality lighting. All buildings for both properties have beautifully coordinated stone and siding. An additional 1.2 acres leads to 91 feet of clean shoreline, with your own boat launch and floating dock. Truly a once-in-a-lifetime opportunity. It's time to pack your bags, grab your friends and family and start making wonderful memories. Be one of the lucky few to know the joys of island life.
Property Details
Listing
MLS® number
X13793074
Status
For Sale
Listed
Sep 15, 2026
Last updated
Sep 16, 2026
Possession
Flexible
Building
Type
Multi-Family
Style
Sidesplit
Approx. age
51-99
Approx. size
1,500–2,000 ft²
Basement
Finished with Walk-Out
Lot
Frontage
375.09 ft
Depth
435.60 ft
Lot area
≈ 163,389 ft² (calculated)
View
North
Community
Wolfe Island
Parking & utilities
Garage
Detached, Garage, 6 spaces
Driveway
Private Double, 6 spaces
Heating
Forced Air
Cooling
Central Air
Water / sewer
Not provided by brokerage
Taxes
Property tax
$5,633 / 2025
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 3
Bedrooms below grade: 1
Kitchens: 1 above grade
Basement: Finished with Walk-Out
Heating: Forced Air
Cooling: Central Air
Fireplace: Yes
Fireplaces: 1
Exterior
Waterfront: Yes
Waterfront features: Direct
Pool features: None
Property features: Golf, Place Of Worship, Rec./Commun.Centre, River/Stream, Waterfront
Demographic data is not available for this area yet.
Population—
Median household income—
Median age—
Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
Household data is not available.
What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
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$4,951/mo
Mortgage (principal + interest)$4,482
Property taxFrom listing: $5,633/yr$469
Minimum $94,800 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$239,600
Ontario land transfer taxProvincial brackets, no first-time refund$20,435
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$262,835
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Frontenac 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.
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