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.
Lake Superior waterfront on Kelly Creek Road in Goulais River, just 30 minutes from Sault Ste. Marie. This three-season cabin sits on a private, treed lot with just over 100 feet of Lake Superior frontage, a pebble beach, clear water, and your own private boat launch. The covered deck faces the water and is ideal for morning coffee or watching the weather roll in. Inside, vaulted pine ceilings, a wood stove and sliding patio doors fill the space with natural light and keep the lake in view. The layout includes one bedroom plus a small room for utility or storage. The cabin is fully wired with inspected 100-amp electrical service and currently runs on a generator, ready for hookup at the road. A dug well is in place with plumbing run to the cabin, ready for hookup. An outhouse is on site. Enjoy the quiet pace of Goulais River with fishing, boating, ATVing, snowmobiling and hiking close by. Call for more information or to book your private viewing.
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Estimated Rental Income
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Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,160/mo
Mortgage (principal + interest)$1,119
Property taxFrom listing: $500/yr$42
Minimum $14,950 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$59,800
Ontario land transfer taxProvincial brackets, no first-time refund$2,960
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$65,560
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Algoma, Unorganized, North Part 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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