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.
More than a two-bedroom bungalow-this property offers an updated home plus nearly 1,400 sq. ft. of detached garage, workshop and finished accessory space on the same lot.The move-in-ready main residence features two bedrooms, one updated bathroom, brand-new shingles, upgraded 200-amp electrical service and included appliances. It offers a practical opportunity to enter the market while gaining considerably more usable space than a typical two-bedroom home.The detached building has two distinct components. The original approximately 550 sq. ft. section provides garage and workshop space, while a permitted approximately 840 sq. ft. addition, completed about one year ago, provides finished accessory living and recreational space. Features include 10-foot ceilings, HVAC, a kitchenette, bathroom and automatic garage door.The finished addition is ready to serve a larger or extended family's changing needs, with space for recreation, entertaining, working from home, hobbies or a private retreat. For a buyer or investor with a longer-term plan, the existing size, services and improvements may also provide a head start toward exploring future rental use or further value-enhancing improvements, subject to zoning, permitted use and all required municipal approvals. Buyers should complete their own due diligence.Located in Marmora & Lake, minutes from Crowe Lake, Crowe River, Beaver Creek, Mag's Landing boat launch, Booster Park, beaches and extensive trail systems. Enjoy boating, fishing, kayaking, hiking, snowmobiling and small-town living along the Highway 7 corridor between Toronto and Ottawa.
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What’s NearbyDistances approximate
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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$1,439/mo
Mortgage (principal + interest)$1,225
Property taxFrom listing: $2,565/yr$214
Minimum $16,375 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$65,500
Ontario land transfer taxProvincial brackets, no first-time refund$3,388
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$71,688
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Marmora and Lake 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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