Homula Realty Brokerage
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1507 Old Folks Drive, Highlands East, ON K0L 2Y0

2 beds · 1 bath · 1 kitchen · 5 rooms · 4 parking spaces · 1100-1500 sq ft · Laundry on the main level level · Detached
$649,999
Property tax
$2,855 / year

Escape to your own private waterfront retreat. Nestled among mature trees and set on a serene shoreline, this stunning four-season cottage offers the perfect blend of tranquility, space, and lifestyle. Set on pristine shores of Monmouth lake, a quiet and highly sought-after lake known for its privacy and natural surroundings. The main residence is warm and inviting, complemented by two additional structures that make this property truly special. A separate 2-bedroom bunkie provides ideal accommodations for family and guests, while the impressive detached double garage with a loft-style recreation space above-complete with a bar and pool table-creates the ultimate setting for entertaining. Step outside to multiple decks and seating areas overlooking the water, where you can enjoy breathtaking views, peaceful mornings, and unforgettable sunrises. A private dock offers easy access for swimming, boating, and all your waterfront activities. Surrounded by nature yet designed for comfort, this property is perfectly suited for year-round living or a luxurious getaway. Whether you're hosting, relaxing, or exploring the outdoors, this one-of-a-kind retreat delivers the lifestyle you've been dreaming of.

MLS number
X13727688
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
K0L 2Y0
Photos
30
Laundry
Main Level level
13days · 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

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

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.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 694 people.

$66,500Median household income
94.7%Own their home
98.6%Detached houses
60Median age
9.2%Born outside Canada
22.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35460077 — the few blocks around this address, home to 694 people. It describes the area, not this property.

694Population
54.4Average age
1.9Household size
$80,800Average household income
$66,500Median household income
95%Own their home
5%Rent
0%Condominiums
9%Born outside Canada
22%University degree
$576,000Average home value
16%Low income
22%Never married
Under $5,0002%
$10,000 to $14,9991%
$15,000 to $19,9993%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9994%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9999%
$60,000 to $69,9999%
$70,000 to $79,9997%
$80,000 to $89,9997%
$90,000 to $99,9994%
$100,000 and over19%
$100,000 to $124,9996%
$125,000 to $149,9998%
$150,000 to $199,9992%
$200,000 and over2%

Percentages are of the 450 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

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

$130,000 · minimum here is $40,000
$2,878.05per month
Borrowed before insurance$519,999
Total borrowed$519,999
Interest over 25 years at 4.5%$343,417

If you rented it out

-$3,115.97per month out of pocket
Rent$0.00
Everything it costs to hold$3,115.97
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 KELLER WILLIAMS REFERRED URBAN REALTY. Listing data provided by the Toronto Regional Real Estate Board.