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.
Own a Piece of Malachi Lake History – 14.3 Acres with 262 Feet of Waterfront Here's your opportunity to own a truly unique waterfront property steeped in the rich history of Malachi Lake. Encompassing approximately 14.3 acres with an impressive 262 feet of shoreline, this exceptional parcel offers privacy, space, and endless potential for your future wilderness retreat. With a gentle, low-profile landscape, the property provides an ideal setting to build the getaway cottage you've always envisioned. The generous waterfront is a rare find on Malachi Lake—where the original surveyed lots measured just 50 feet wide. This property combines five original lots into one expansive holding, creating exceptional privacy and flexibility. Bordering the historic C.N. Railway, the property's roots date back to the early 1900s during construction of the National Transcontinental Railway. The arrival of the railway opened Malachi Lake to settlement, leading to the area's first general store and trading post. In 1911, the first "Camper's Special" train brought eager Winnipeg vacationers to experience the beauty of the Canadian Shield—a tradition of recreation that continues today. Enjoy a desirable southeast exposure, providing abundant sunshine throughout the day and beautiful views across the lake. While visitors once arrived by train, today's access is by boat from the public landing at the south end of the lake via Pickerel Lake Road, offering the perfect balance of convenience and true wilderness living. Whether you're looking to build a family retreat, invest in a rare waterfront holding, or own a fascinating piece of Northwestern Ontario history, this affordable property presents an outstanding opportunity. Make plans to view as soon as possible.
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Estimated Rental Income
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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$403/mo
Mortgage (principal + interest)$374
Property taxFrom listing: $350/yr$29
Minimum $5,000 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$20,000
Ontario land transfer taxProvincial brackets, no first-time refund$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$23,525
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Kenora 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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