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.
Discover The Iconic Kit Wat Waterfront Motel, Marina & Restaurant. A Rare Opportunity To Own An Established Landmark In One Of Ontario's Most Beloved Beach Communities. Situated Directly On The Serene Sauble River And Just A Short Walk From The Famous Sandy Shores Of Sauble Beach, This Family-Owned And Operated Property Offers Three Distinct Revenue Streams And An Exceptional Investment Opportunity. The Property Features A 20-Room Motel, Marina With Seasonal Dock Rentals, Former 90-Seat Restaurant, Owner's Residence, Cottage, Two Garages, Laundry Facilities And Office/Coffee Shop. Many Guest Rooms Enjoy Waterfront Views, With Select Rooms Offering Kitchenettes. The Property Offers Potential For Future Winterization With Appropriate Improvements, Creating An Opportunity To Extend Operations Beyond Summer And Develop Into A True Four-Season Destination. Beyond The Busy Summer Months, The Area Attracts Visitors For ATV And Snowmobile Trails, Fishing, Skiing, Foraging, Photography, Hiking And Outdoor Experiences. Imagine Welcoming Guests For A Day On The Water, Breakfast Overlooking The River, An Afternoon At Sauble Beach Or An Evening Relaxing By The River After One Of Lake Huron's Renowned Sunsets. The Sought-After Restaurant Successfully Operated For Over 40 Years, Serving Breakfast, Lunch And Dinner To Visitors And The Local Community. Closed During COVID, It Has Since Been Renovated And Is Ready To Reopen. Significant Capital Improvements Include An Upgraded Water System, Well And Pump, New Tile Bed, New Hot Water Tanks And Extensive Renovations To The Motel Rooms, Owner's Residence, Cottage And More. Nearby Shops, Attractions, Trail Systems And Sauble Falls Provincial Park Add To The Property's Appeal And Four-Season Potential. For The Next Owner, The Kit Wat Legacy Offers More Than An Established Motel And Marina-It Is An Opportunity To Build Upon A Waterfront Property, Reopen A Long-Standing Restaurant And Explore Year-Round Revenue Opportunities.
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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$14,439/mo
Mortgage (principal + interest)$12,603
Property taxFrom listing: $22,028/yr$1,836
Minimum 20% ($673,800 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$673,800
Ontario land transfer taxProvincial brackets, no first-time refund$70,700
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$747,300
First-time buyers can get up to $4,000 back on Ontario land transfer tax. South Bruce Peninsula 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.
