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Welcome to this remarkable 3-Storey detached located in the coveted neighborhood of Marmora Ward. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $2,200,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
This historic 9+1 bedroom Bed & Breakfast, built in 1905, blends Victorian charm with modern amenities, offering vast potential. Featuring a commercial kitchen, LLBO licensing, and dining capacity for up to 70 guests, the inn is primed for hosting events, from weddings to corporate retreats. The property includes an indoor pool and a dedicated on-site staff apartment, enhancing its functionality. Located in the quaint town of Marmora & Lake, the inn stands as a historical focal point, preserving its original elegance. Conveniently situated just off Highway 7 and minutes from local amenities, the property benefits from dual zoning both residential and commercial making it a versatile investment opportunity. Established clientele and a wide array of possibilities make this Bed and Breakfast a top choice for anyone seeking a thriving business with endless potential.
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The current listing price for 29 Bursthall Street, Marmora and Lake, ON in Marmora Ward, Marmora and Lake is $2,200,000.
This property features 9 bedrooms and 8 bathrooms across approximately 5000 + sqft.
29 Bursthall Street, Marmora and Lake, ON is a Detached (3-Storey) featuring a Unfinished basement.
Key property features include: Library, Park, Place Of Worship.
Interior highlights include: In-Law Capability, Guest Accommodations.
Yes, this property offers parking space for 11.0 vehicles (Detached).
Heating is provided via Electric and cooling via None.
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Data-driven valuation for 29 Bursthall Street, Marmora and Lake, ON K0K 2M0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Marmora and Lake.
About Purchasing a Home in Marmora and Lake, ON
For a property listed at $2,200,000 in Marmora and Lake, the legal minimum down payment is $440,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $41,475 for this transaction. As this listing is in Marmora and Lake (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $41,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.