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.
[Click Floor Plan + Brochure Icon for More Photos]. An extraordinary opportunity to own approximately 23 riverside acres with not one, but TWO homes, offering endless opportunities for multi-generational living, income potential, or your own private retreat. Set along the beautiful Indian River in Douro-Dummer, this one-of-a-kind property is rich in recreation, history, and natural beauty. Enjoy extensive river frontage with deeded access to shoreline inclusive to the bridge at 2nd Line, as well as land underwater, allowing you to fish, kayak, canoe, tube, paddleboard, or relax and take in all the peaceful surroundings. The property features two separate residences, each with its own unique appeal. 551 Cooney Island Rd is a riverside two-storey home with a covered veranda, offering 2 bedrooms, 3 bathrooms, and overlooking the water. Meanwhile, 565 Cooney Island Rd is a charming A-frame with 4 bedrooms, 2 bathrooms, soaring open-beam ceilings, and a deck overlooking the river. Ideal for extended family, guests, or short-term rental opportunities. Beyond the two homes, the property also features an insulated chicken coop, a heated workshop with an office and an additional bedroom overlooking the rapids, a stone wood-fired outdoor oven with an outdoor kitchen, a detached bunkie, and an impressive event hall/covered bridge extending over the river. These additional buildings further enhance this remarkable property. The property's historic dam and covered bridge also present the potential for future hydroelectric generation with the appropriate turbine system. The original sawmill equipment and infrastructure remains. Modern conveniences include wells & septic systems, high-speed internet, and year-round municipal road access. Whether your vision is a family estate, recreational retreat, investment opportunity, or simply a place to enjoy nature, this remarkable property offers possibilities that are as expansive as the landscape itself.
Property Details
Listing
MLS® number
X13589276
Status
For Sale
Listed
Jul 21, 2026
Last updated
Jul 22, 2026
Possession
Flexible
Building
Type
Detached
Style
2-Storey
Approx. age
51-99
Approx. size
2,500–3,000 ft²
Basement
Finished with Walk-Out, Full
Lot
Frontage
613.10 ft
Depth
Not provided by brokerage
Lot area
Not provided by brokerage
View
North
Community
Douro-Dummer
Parking & utilities
Garage
Detached, Garage, 1 space
Driveway
Private, 30 spaces
Heating
Baseboard
Cooling
Wall Unit(s)
Water / sewer
Not provided by brokerage
Taxes
Property tax
$3,716 / 2025
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
Royal Lepage Proalliance Realty
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 6
Kitchens: 2 above grade
Basement: Finished with Walk-Out, Full
Heating: Baseboard
Cooling: Wall Unit(s)
Fireplace: Yes
Fireplaces: 3
Exterior
Waterfront: Yes
Waterfront features: None
Pool features: None
Property features: Beach, Lake/Pond, Park, Rec./Commun.Centre, River/Stream, Waterfront
Cross street: Douro Second Line & Cooney Island Rd
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$11,121/mo
Mortgage (principal + interest)$10,811
Property taxFrom listing: $3,716/yr$310
Minimum 20% ($578,000 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$578,000
Ontario land transfer taxProvincial brackets, no first-time refund$58,725
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$639,525
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Douro-Dummer 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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