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.
Welcome to 7196 Outer Drive, Port Franks where you will find a very special 4,744 sq ft home allowing for endless possibilities all within steps of a gorgeous private beach on Lake Huron! Currently operating as a 2,524 sq ft B&B plus 2,220 sq ft owner suite. Could also be the perfect family compound that fits everybody and more while everyone gets their own space. Beautifully landscaped property with concrete parking areas that can fit upwards of 30 cars plus two double attached garages. Front yard overlooking the picturesque L Lake offers large stamped concrete area to enjoy some incredible scenery. The B&B main floor offers spacious room allowing for living, dining and kitchen. Plus, an elongated bistro style dinette area & more Incredible L Lake views. This main floor offers a separate office area, full bathroom and laundry. The second level offers three bedrooms their own ensuites. Two with L lake views and the third with its very own screened porch. The spacious owner suite offers 2,220 square feet all on one level. Allowing for an expansive great room with dining, living, kitchen and rec. Owner suite has laundry room with two sets of washer dryer. Nicely updated four-piece bathroom with double vanity. Two large bedrooms both having a gas fireplace and L lake views. The one bedroom has access to private 24x40 rooftop deck with two gazebos and more views of nature. Stepping into the backyard oasis you will find a hot tub and heated 36x14 pool. Lots of different seating areas to enjoy between the multi-level levels of decking witch include a 8x24 wind sail deck, 90x9 sunning deck and a 27x19 treetop deck. All offer the most stunning views of L Lake and nature! All of this with so many possibilities and different ways to enjoy ownership while still being only steps from the most gorgeous private sandy beach on Lake Huron in Port Franks. This is a one-of-a-kind property and home combination that must be seen to appreciate everything it offers.
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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$4,992/mo
Mortgage (principal + interest)$4,489
Property taxFrom listing: $6,037/yr$503
Minimum $95,000 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$240,000
Ontario land transfer taxProvincial brackets, no first-time refund$20,475
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$263,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Lambton Shores 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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