Homula Realty Brokerage
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.

245 Wallace Island, Leeds and the Thousand Islands, ON K0E 1L0

4 beds · 4 baths · 1 kitchen · 12 rooms · 2000-2500 sq ft · Detached
$2,699,000
Property tax
$10,128 / year

Rarely does a property combine luxury finishes, unmatched docking, spectacular views, and exceptional privacy in one of the St. Lawrence River's most sought-after island locations. A truly one-of-a-kind Thousand Islands waterfront estate. Experience exceptional island living on this spectacular 2.5-acre private island in the heart of the Thousand Islands. Extensively renovated, this turnkey waterfront retreat offers luxury, privacy, and world-class boating. The beautifully redesigned cottage features two primary suites with ensuites, a custom chef's kitchen with premium appliances, open-concept living spaces, spa-inspired wellness area with steam shower, sauna, hot tub, Sonos audio, Starlink internet, and seamless indoor/outdoor living with panoramic 230-degree river views. A boater's dream, the property boasts approximately 115 feet of PVC docking, a double boathouse with two lifts, four Sea-Doo lifts, protected concrete docks, a unique hidden creek marina, and an additional deep-water south dock. Extensive landscape lighting professionally designed outdoor entertaining areas, irrigated grounds, and low-maintenance construction complete this remarkable offering. You have earned a remarkable get-a-way property with stunning views of the river, the international bridge lite up at night and a summer home set amongst some of the most beautiful homes on the St Lawrence River, do not let this opportunity drift by

MLS number
X13638040
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
4
Postal code
K0E 1L0
Photos
50
Laundry
Not in the unit
38days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$539,800 · minimum here is $539,800
$11,950.59per month
Borrowed before insurance$2,159,200
Total borrowed$2,159,200
Interest over 25 years at 4.5%$1,425,976

If you rented it out

-$12,794.59per month out of pocket
Rent$0.00
Everything it costs to hold$12,794.59
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by REDMOND REALTY LTD., BROKERAGE. Listing data provided by the Toronto Regional Real Estate Board.