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.
PRIVATE LAKE ERIE WATERFRONT - WINDMILL POINTA rare chance to own a coveted Windmill Point, where homes are tightly held and rarely sell. In 100 years, only three owners. What sets it apart is the shoreline. The waterfront sits on a natural bedrock shelf that helps keep the water clear, with far fewer seasonal algae issues than on softer shorelines elsewhere on the lake. The break wall appears to be the original and still stands after generations, a sign of how well this stretch is protected at this point. Because the shore is bedrock rather than sand, your waterfront stays quiet and private, while owners enjoy a designated association sandy beach a short walk away. Beautifully restored and modernized while keeping its original charm. Approximately 3,800 sq ft, insulated throughout for four-season comfort and energy efficiency. East and West wings give natural separation, up to 6 bedrooms and 3.5 baths, ideal for extended family, guests, or multi-generational living. The west wing features a showpiece chef's kitchen built for multiple cooks, with a 14-ft quartz island, exposed beams, and a pass-through window onto a screened porch stretching 55+ feet along the lake. A separate structure of approximately 1,250 sq ft with a full bath and a loft suits guests, a studio, or conversion to a garage/workshop. A 20kW whole-home generator keeps the living room running through any outage. Owners enjoy association access to over 1 km of shoreline, sunrise-to-sunset views, the Buffalo skyline, Point Abino Lighthouse, and tennis, with approximately 25 acres on the west side, collectively owned by the association members. Inside: a stone fireplace with gas insert, home theatre, Andersen windows, and engineered hardwood throughout. A bedrock shoreline and protected association setting, space to gather, host, and hold for generations. Love where you live, at the water's edge, Windmill Point.
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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$10,127/mo
Mortgage (principal + interest)$9,315
Property taxFrom listing: $9,747/yr$812
Minimum 20% ($498,000 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$498,000
Ontario land transfer taxProvincial brackets, no first-time refund$48,725
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$549,525
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Fort Erie 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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