88 Lakeview Drive, Terrace Bay, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Terrace Bay. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $139,900 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.
- 2 Bedrooms and 1 Bathroom
- Premium 90 x 120 ft lot size
- Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- Convenient other garage included
- Notable attributes: Other
- equipped with other central cooling and highly efficient forced air heating via electric
Description
Step inside this unique 2-bedroom, 1-bath home that was originally built as a log home and still features its beautiful original log interior, offering warmth and character you won't find in many homes today. Enjoy stunning views of Lake Superior right from your living room while taking in the peaceful surroundings.The fenced yard is perfect for children, pets, or gardening, and the detached garage provides excellent storage and workspace, complete with a WETT-inspected wood stove. The basement also features a WETT-inspected wood stove, offering additional heating options.The living room fireplace is not operational, and the bathroom will require repairs, giving the next owner an opportunity to add value and make the space their own.If you've been looking for a home with character, lake views and plenty of potential this could be the perfect opportunity. Book your private viewing today!
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Property Summary
This detached home located at 88 Lakeview Drive, Terrace Bay is currently for sale and has been available on SousaSells for 2 days. This property is listed at $139,900 with an estimated mortgage of $466* per month. It has 2 beds, 1 bathroom, and is unknown square feet. 88 Lakeview Drive, Terrace Bay
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Terrace Bay.
- •2 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •Desirable Detached architecture in Terrace Bay
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 88 Lakeview Drive, Terrace Bay, ON
Q.What is the asking price for 88 Lakeview Drive, Terrace Bay, ON ?
The current listing price for 88 Lakeview Drive, Terrace Bay, ON in Terrace Bay is $139,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 1 bathroom.
Q.What property type and architectural style is 88 Lakeview Drive, Terrace Bay, ON ?
88 Lakeview Drive, Terrace Bay, ON is a Detached (Bungalow) featuring a Unfinished, Full basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.What heating and cooling systems are installed?
Heating is provided via Electric and cooling via Other.
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Pricing & Value Insights
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Terrace Bay, ON
For a property listed at $139,900 in Terrace Bay, the legal minimum down payment is $6,995 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 $1,124 for this transaction. As this listing is in Terrace Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,124.
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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.