Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Sioux Lookout. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $804,900 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 property rests on a sandy beach on Abram Lake and includes a very lucrative 2 bed walkout basement rental suite. Located within a 10 minute drive to the hospital close to the end of a quiet cul de sac. 3 bedrooms on the main floor with a 4 piece Jack and Jill bathroom. In the open concept living room, dining room and kitchen you will be amazed by the sunsets in the evening, easily visible through the large south west facing patio doors. You and your family will be entertained by the storms as they make their way across the lake. The breakfast-bar-kitchen island is situated next to the dining table and faces the living room looking over the lake. Entertaining is a breeze and the views always delight guests. You will love the heated garage. No need to get into a frozen car and hope it starts when it is -40C in February, your car will be warm and ready to go. Best of all, you will never need to strap a child into a frozen car seat. The garage also has plenty of extra storage for all of your camping gear, tools and beach toys. The basement suite is easily rented either long term or short term via Airbnb or to visiting locums. We have not been very aggressive with renting the suite and likely average $2000/month from it, but this could easily be increased to $5000 (or above) with minimal effort. We have prioritized visiting healthcare workers, which is why our monthly average is on the lower end. The suite is accessed from the beach side of the house and is fully self-contained with a shared laundry room. Similar to the main floor, the suite has an open concept kitchen, living and dining room. The suite can be offered as a one or 2 bedroom with the back bedroom available to be locked off and used for yourselves, if needed. The closed-in gazebo has been converted into a 3 season guest cabin/call room. This space needs to be seen to be appreciated, the views are UNPARALLELED (you feel like you are sleeping ON the lake).
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This detached home located at 288 ABRAM LAKE Road, Sioux Lookout is currently for sale and has been available on SousaSells for 759 days. This property is listed at $804,900 with an estimated mortgage of $2,679* per month. It has 5 beds, 2 bathrooms, and is 1500-2000 square feet. 288 ABRAM LAKE Road, Sioux Lookout
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 288 ABRAM LAKE Road, Sioux Lookout, ON P8T 0A7
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 Sioux Lookout.
About Purchasing a Home in Sioux Lookout, ON
For a property listed at $804,900 in Sioux Lookout, the legal minimum down payment is $55,490 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 $12,573 for this transaction. As this listing is in Sioux Lookout (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,573.
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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.