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.
A rare opportunity to own a truly spectacular piece of Northern Ontario on the shores of beautiful Dog Lake in Missanabie! Tucked away at one end of approximately 21 miles of pristine water and surrounded by Crown Land, this established off-grid lodge has been welcoming returning guests for over 20 years and operates seasonally from May through October. Accessible by both boat and train, the property features six guest cabins with indoor plumbing and kitchenettes, accommodations for up to 33 guests, additional on-site employee living quarters, and a commercial lodge complete with entertaining space, kitchen and owner/caretaker quarters above. A beautiful sandy beach, sauna, two garages, fish-cleaning station, four boats and two pontoons with motors are all part of this incredible package, offering everything needed to step in and continue operating. Dog Lake is well known for exceptional fishing, including walleye, northern pike, bass and perch, while the surrounding wilderness creates excellent opportunities for bear and moose hunting. Fully equipped for off-grid operation and offered with an extensive list of inclusions, this is an opportunity to turn the dream of owning a Northern lodge into reality without starting from the ground up. With annual land taxes under $300 and a Vendor Take-Back Mortgage option available from the seller, opportunities like this are few and far between—your Northern adventure, lifestyle and business opportunity are all waiting right here on Dog Lake.
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Estimated Rental Income
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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$2,278/mo
Mortgage (principal + interest)$2,244
Property taxFrom listing: $400/yr$33
Minimum $34,990 down for this price; the slider moves in whole percent, starting at 6%. 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$119,980
Ontario land transfer taxProvincial brackets, no first-time refund$8,473
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$131,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Algoma, Unorganized, North Part 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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