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.
Are you looking for the perfect summer home or family cottage? Come see this well-built Two-Story Lake Huron Waterfront Leased Land Cottage! Situated on a private lot with exceptional waterfront vistas of breathtaking sunsets and the weaving Bruce Peninsula shoreline. Offering 3 bedrooms and 2 bathrooms with almost 1200 sq ft of finished space. The main floor presents a semi-open concept living/dining/kitchen that wraps around the central staircase. The kitchen offers plenty of cabinetry and counter space, while the dining area can accommodate a good-sized dining set. The large living room enjoys water views and patio door access to the lakeside deck. The 2nd level features a large primary bedroom with 3pc en-suite washroom and private water view balcony, plus 2 more bedrooms and a 4pc bathroom, and don't miss the stackable laundry in the hall closet too. Outside you will find 2 solid storage sheds, with one being used as a bunk. You'll appreciate the splendid elevated views of majestic Lake Huron and the solid stairs and multi-tier deck that leads to a private shoreline with sunset deck and stone beach. You'll feel as though you've left world behind as you take in the sound of the waves landing at your feet. Plenty of noteworthy features include; cottage built in 2001, concrete block foundation, new septic tile bed in 2018, new roof shingles 2021, 100 amp breakers, baseboard heaters for those cooler nights, new flooring throughout, fresh paint, and all furniture & appliances included making this a turnkey opportunity.
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What’s NearbyDistances approximate
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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$1,119/mo
Mortgage (principal + interest)$1,119
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. Native Leased Lands 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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