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.
Own a 72 ACRE piece of paradise .Escape to the peace and beauty of Plateau Lake. Situated approximately 11 km east of Atikokan, Ontario or about 15 minutes. The property fronts on the south shore of Plateau Lake. It enjoys about 1,036 feet of shoreline frontage on the south shore. There is a small river that flows south from Plateau Lake, through the property and down to a small lake that is about 15 acres in size. There is about 480 feet of frontage on the north shore of the small lake. The shoreline of the property consists mainly of rocky slopes and shallow soils. The vegetation consists mainly of mature White Birch, Poplar, Balsam Fir, Spruce and some White Pine. A review of the original patent reveals that this property was patented June 15, 1903. SURFACE RIGHTS COME WITH THE PROPERTY, TREE RIGHTS COME WITH THE PROPERTY except for the "Pine Trees" which are reserved to the Crown. How to get to the property. By Boat (Water access) , 1-By ATV/ARGO or by SNOWMOBILE, 3-By Float Plane. This property is zoned RD (Resource Development Zone). Plateau Lake is approximately 4 km in length and 5 km in width, it has a maximum depth of 15 meters or 49.2 feet, the lake has an average depth of 3.8 meters or 12.5 feet and is in Fisheries Management Zone 5.
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Age Groups
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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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$596/mo
Mortgage (principal + interest)$524
Property taxFrom listing: $873/yr$73
Minimum $7,000 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$28,000
Ontario land transfer taxProvincial brackets, no first-time refund$1,125
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$31,925
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Rainy River Remote Area 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.
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