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.
THIS PROPERTY IS THE ONLY DEEDED PROPERTY ON HEART LAKE! Good road access from Gibson Lake Road, which is south, off of Hwy 101, to a gated private entrance. Heart lake offers clear pristine water and some sand beaches. Two cabins have been built on this property about 10-14 years ago. The cabins were located so that they are far enough away from each other that each cabin is very private. There are no electrical services to the property so you are totally OFF THE GRID. All existing cabins have been wired for generator. This property has over 7200 feet of shoreline! The lake has BROOK TROUT and SPLAKE and YELLOW PERCH. All buildings have low maintenance metal roofing. An investment property that we know is to surely go up in value over time. This is a drive to property in the UNORGANIZED township, of Sheraton. Located about 45 kilometers east of the City of Timmins and then 14 kilometers south on the Gibson Lake Road, so in total just under 60 kilometers from the City of Timmins. About a half hours scenic drive.
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Age Groups
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Owners vs Renters
Ownership data is not available.
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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$5,267/mo
Mortgage (principal + interest)$5,237
Property taxFrom listing: $358/yr$30
Minimum $115,000 down for this price; the slider moves in whole percent, starting at 9%. 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$280,000
Ontario land transfer taxProvincial brackets, no first-time refund$24,475
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$307,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Timmins 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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