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.
769 B Sunset Cove Rd. Lake Nipissing. First time offered this 7 year, 2700 sq' home for that perfect getaway. 30 minutes from North Bay and only 15 minutes from Callander. Located on 3.79 acres of beautifully treed lot with trails that captures the true feeling of a perfect getaway for adults and grandkids. With 454' lake frontage which consists of 2 sandy beach areas for just sitting watching the sunsets or letting the grand kids build sand castles. Outcrop of rock with viewing deck and area for floating deck for those hot lazy summer days on the water. The grand kids can enjoy the treed house overlooking the lake while enjoying the full day of adventures or play card games in the bunkie. Boathouse area for your fishing boat with dock for canoes or other small water crafts. Boat house also has attached relaxing sauna with large window over looking the water. As you enter the home you are struck by the vaulted 16' ceilings in the living room with wood burning fireplace, dining area and kitchen all overlooking the lake. Kitchen features walk in pantry and access to 19'X12' glass on 3 sides sunroom with large floor to ceiling wood burning fireplace and fire pizza open oven.15' vaulted ceiling and glass sliding doors to water front area. Primary bedroom has glass sliding doors to private patio and 4 pc ensuite with soaker tub and glass shower. Continuing on this same main level is 2nd small bedroom with another bathroom with shower, and laundry room. In the center of this main level is unique 2 storey stairwell to upper private den/office with 2 pc bath and another set of stairs to upper viewing area of the lake with bar chairs and with day bed for time to relax. The home continues with separate living area, family room with wood burning fireplace, separate kitchen and 2 more bedrooms and 1-4 pc bath. All ceilings and walls finished in knotty pine for the cottage feel. Great for grand kids getaway or Multi generational living. Don't miss out. $1,799,900.00
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Estimated Rental Income
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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$7,456/mo
Mortgage (principal + interest)$6,733
Property taxFrom listing: $8,668/yr$722
Minimum 20% ($359,980 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$359,980
Ontario land transfer taxProvincial brackets, no first-time refund$32,473
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$395,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Nipissing 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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