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 your own private point on beautiful Wasi Lake-a true Northern Ontario cottage setting with nearly 500 feet of owned shoreline and sweeping east-to-west views. Situated on just under an acre, this unique waterfront property offers incredible exposure throughout the day, from peaceful morning light to colourful evening skies.The charming, one-level bungalow features three bedrooms, one bathroom, a functional galley kitchen and comfortable living spaces designed for relaxed lakeside living. Best of all, this isn't just a summer escape. An upgraded heating and cooling heat pump, along with an insulated crawl space, make the cottage comfortable for year-round enjoyment. Recent exterior improvements, including a steel roof, new siding, soffit and fascia, add durability and low-maintenance appeal while preserving the authentic cottage character. Step outside and experience what makes this property truly special: an entire point to call your own, surrounded by water with multiple vantage points, a dock and boat launch to enjoy the lake. Offered furnished, this is an opportunity to simply arrive, settle in and start enjoying four seasons on Wasi Lake. Whether it's summer days on the water, crisp fall weekends, quiet winter escapes or spring mornings by the lake, this is Northern Ontario cottage living in its truest form.
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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$2,628/mo
Mortgage (principal + interest)$2,319
Property taxFrom listing: $3,700/yr$308
Minimum $37,000 down for this price; the slider moves in whole percent, starting at 6%. 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$124,000
Ontario land transfer taxProvincial brackets, no first-time refund$8,875
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$135,675
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Chisholm 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.
