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.
Power of sale seasonal cottage compound at Flakes Cove on East Lake. Picturesque and tranquil waterfront with shallow rocky entry and waterside entertaining deck. Great for fishing, swimming, boating and enjoying our famous Prince Edward County sunsets. Close to Cherry Valley and 10 mins drive to Picton. Property consists of 5 seasonal cottages-1x3 Bdrm, 3x2 Bdrm, 1x1 Bdrm plus den each with private decks overlooking the water. Additional outbuildings include his + hers washrooms (in addition to each cottage having a 3 piece washroom) and laundry house, pump house, sauna, 2 large storage sheds. Recreational facilities include waterside deck, wooden swing, firepit and covered entertaining areas. Property requires additional renovations in order to complete what currently exists. Ideal opportunity for contractors or handyman to finish and set new current value seasonal rents. Zoning is tourist commercial, however, you could also build a year round single-family home under the current zoning... several adjacent properties are single-family year round homes. Property being sold as-is where-is condition with no representations or warranties of any kind. Cottages are accessed via a right of way laneway over 50 Valhalla Lane at the end turn left to 58 Valhalla Lane. Note: Do not enter recreational structure as it is unsafe to do so. No Representations or Warranties, property being sold AS IS-WHERE IS.
Property Details
Listing
MLS® number
X13854920
Status
For Sale
Listed
Oct 1, 2026
Last updated
Oct 7, 2026
Possession
Flexible
Building
Type
Residential Freehold
Style
Bungalow
Approx. age
Not provided by brokerage
Approx. size
3,500–5,000 ft²
Basement
None
Lot
Frontage
Not provided by brokerage
Depth
Not provided by brokerage
Lot area
Not provided by brokerage
View
South
Community
Athol
Parking & utilities
Garage
None, 0 spaces
Driveway
Available, Private, Right Of Way, 12 spaces
Heating
Baseboard
Cooling
None
Water / sewer
Not provided by brokerage
Taxes
Property tax
$2,574 / 2026
Condo fee
N/A
Source
Data source
TRREB (VOW feed)
Listed by
HARVEY KALLES REAL ESTATE LTD.
Interior
Level
Room
Size
Features
Loading rooms…
Interior Features
Bedrooms above grade: 11
Kitchens: 5 above grade
Basement: None
Heating: Baseboard
Cooling: None
Exterior
Waterfront: Yes
Waterfront features: Direct
Pool features: None
Property features: Beach, Lake/Pond, Level, Waterfront
Cross street: County Rd 18/ Cherry Valley Kings 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$3,391/mo
Mortgage (principal + interest)$3,176
Property taxFrom listing: $2,574/yr$215
Minimum $59,900 down for this price; the slider moves in whole percent, starting at 8%. 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$169,800
Ontario land transfer taxProvincial brackets, no first-time refund$13,455
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$186,055
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Prince Edward County 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.
