14 New Street, Gore Bay, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Gore Bay. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $199,900 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 95 x 140.25 ft lot
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Other
- Efficient radiant heating via oil
Description
For more info, click Brochure button below. Located in popular West Manitoulin, making it the perfect spot for exploring both West and East ends of the Island. This is a versatile 3-bedroom property for potentially first time buyers or as an potential investment. It is situated on a nice sized 95 x 140 lot, with many recent updates; newer windows, steel roof and insulation. Add your personal touches and create a fantastic rural retreat to get away from it all. A nature lovers delight as deer graze daily on the oversized lot! Hiking trails, boardwalk, and local amenities all within walking distance. The area has a ton of potential for vacation rentals, but also a quiet rural escape, all within a short distance of local amenities like cafes, boutiques, and seasonal events. Take the exciting ferry ride from Tobermory to the southern tip of Manitoulin (with your car) or drive around the Bay and onto the Northern end of the island!
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Property Summary
This detached home located at 14 New Street, Gore Bay is currently for sale and has been available on SousaSells for 610 days. This property is listed at $199,900 with an estimated mortgage of $665* per month. It has 3 beds, 1 bathroom, and is 1100-1500 square feet. 14 New Street, Gore Bay
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 14 New Street, Gore Bay, ON P0P 1H0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Gore Bay, ON
For a property listed at $199,900 in Gore Bay, the legal minimum down payment is $9,995 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 $1,724 for this transaction. As this listing is in Gore Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,724.
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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.