1507 Old Folks Drive, Highlands East, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Monmouth. Expertly crafted featuring premium shingle and wood construction, this residence presents an exceptional opportunity offered at $699,999 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
- Generous living space spanning 1100-1500 sqft on a premium 29.98 x 341.85 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with other central cooling and highly efficient other heating via wood
Description
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.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Beach, Campground, Clear View, Lake Access, Lake/Pond, Ravine
Interior Features
None
Security Features
Other
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1507 Old Folks Drive, Highlands East, ON K0L 2Y0
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Highlands East, ON
For a property listed at $699,999 in Highlands East, the legal minimum down payment is $45,000 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 $10,475 for this transaction. As this listing is in Highlands East (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,475.
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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.