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.
Situated on the highly sought after Memesagamesing Lake, this property offers two rustic, three season cabins, each with three bedrooms, 1 bathroom (3 pc), kitchen and living area. Enjoy two fire pits, a large dock with room to tie up several boats and plenty of space to roam, play and entertain. Use one cabin for yourself and the other for the kids, extended family or friends! Alternatively, consider income potential if you rent out one or both of the cabins. Multiple possibilities with this property. Enjoy approximately 200 feet of waterfront, a private setting and an absolutely gorgeous view. This property is in close proximity to the Wolf River, OFSC trails and Crown Land is nearby. The property is a 1/5 of a common ownership agreement. The cottage/structures and dock are owned outright by individual owners each with exclusive use of a portion of the land. Private driveway and all utilities are separate from other common owners. New owners' name will be on the property deed. A written common ownership agreement. Measurements for both cottages are very similar. Many upgrades include: furniture in living room, dining room, some beds, stoves, refrigerators, kitchen cabinets in one cabin, toilets, showers, dock work / stabilizers, drainage culvert under driveway, hot water tanks, flooring, wall boards.
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$1,372/mo
Mortgage (principal + interest)$1,287
Property taxFrom listing: $1,020/yr$85
Minimum $17,200 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$68,800
Ontario land transfer taxProvincial brackets, no first-time refund$3,635
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$75,235
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Parry Sound 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.
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.
