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.
Redhorse Lake offers the finest in lake trout, bass and pike fishing. Part of a 4 chain lake, Redhorse Lake is located in the Thousand Islands, just 30 minutes to the 401 at exit 659, Lansdowne. 3 hours to Toronto, 1.5 hours to Ottawa and less than an hour to Kingston, Redhorse Lake is centrally located for ease of access. This economical cottage retreat is in excellent condition, lovingly maintained by its current owner. Good docking, private boat launch, level lot with good parking and very few steps to the lake, make this cottage retreat accessible for all ages. Shady deck and patio area, fire pit for summer sing alongs, and over 18 miles of boating to explore with access to Gananoque, Singleton and Lyndhurst Lakes. Inside you'll discover a large open living / dining space with vaulted ceilings and cozy wood stove. The primary bedroom offers vaulted ceilings and easy access to the washhouse (2 pce bath). Practical galley kitchen with dishwasher, fridge and stove included has easy access to patio and deck area. Extra sleeping is easily accomodated in the new two level bunkhouse. There's even an outdoor shower! If you are looking for an affordable 3 season cottage with good year round access, book your showing now.
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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$1,506/mo
Mortgage (principal + interest)$1,343
Property taxFrom listing: $1,959/yr$163
Minimum $17,950 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$71,800
Ontario land transfer taxProvincial brackets, no first-time refund$3,860
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$78,460
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Leeds and the Thousand Islands 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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