118 Outlet Road, Prince Edward County, ON

$559,000
MLS#:X12284951
3 beds
1 baths
< 700 sqft
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 6, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Athol Ward. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $559,000 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.

  • 3 Bedrooms and 1 Bathroom
  • Generous living space spanning < 700 sqft on a premium 40.25 x 75 ft lot
  • Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Water Heater Owned
  • Efficient baseboard heating via electric

Description

Nestled along a gentle curve of East Lake, this timeless 3 bedroom cottage is a celebration of summer living in Prince Edward County. Perched above the waters edge on a quiet dead end street, the cottage is thoughtfully positioned to capture long lake views and the soft rustle of shoreline trees, offering an immersive connection to nature. The interior, wrapped in warm wood tones and grounded by wide plank floors, radiates ease and authenticity. The open-concept main level seamlessly links kitchen, dining, and living zones, creating a casual yet functional heart of this pied-à-terre making it very fun to catch up and unwind with family and friends. Step out to an airy deck and covered wrap around porch, where lake breezes drift through, inviting slow mornings and unhurried meals outdoors. Upstairs, three restful bedrooms offer quiet corners to retreat, each thoughtfully arranged beneath pitched ceilings that echo the cottages laid back vibe. A tidy bath, compact and efficient, complements the cottage's thoughtful footprint. Outside, the property unfolds into low maintenance grounds and a private dock providing opportunity for swimming, paddling, or simply listening to the rhythm of the lake. Added bonus not to be missed on this opportunity is the reinforced waterfront sea wall, and full-sized boat ramp to launch your own boat / watercraft directly from the property. This unique location allows an easy 10 minute walk to the Sandbanks Park and its outstanding beach. You are also a short drive to numerous wineries and the town of Picton. Here, good energy lingers in the character and details. A place to unplug, reconnect, and revel in the elemental joy of lakefront life, this is East Lake, as it was meant to be experienced.

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Property Summary

This detached home located at 118 Outlet Road, Prince Edward County is currently for sale and has been available on SousaSells for 368 days. This property is listed at $559,000 with an estimated mortgage of $1,861* per month. It has 3 beds, 1 bathroom, and is < 700 square feet. 118 Outlet Road, Prince Edward County is in the Athol Ward neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 25, 2025
Sold price information is available to members only
Listed Date7/15/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionWood
BasementCrawl Space
Lot Size40.25 × 75 Feet
CountyPrince Edward County
Annual Tax$2,146
Legal DescriptionPT LT B SAND BANKS BTN EAST LAKE AND LAKE ONTARIO EAST OF THE OUTLET ATHOL PT 1 47R4202; PRINCE EDWARD

Parking & Garage

Parking Total2.0
Parking Space2
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingNone

Features

Property Features

Beach, Clear View, Cul de Sac/Dead End, Hospital, Lake Access, Golf

Interior Features

Water Heater Owned

Security Features

Community Features

Location

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118 Outlet Road, Prince Edward County, ON
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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 118 Outlet Road, Prince Edward County, ON K0K 1P0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Prince Edward County.

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Interest Rate4.00%
Down Payment$167,700 (30.0%)
* Minimum Canadian down payment required for this price is $30,900.
Amortization Period30 Years
Estimated Monthly Payment$1,861Based on a loan of $391,300 over 30 years.
Purchase Price$559,000
Loan Amount$391,300
Provincial Land Transfer Tax:$7,655
Total Estimated Closing Taxes:$7,655

About Purchasing a Home in Prince Edward County, ON

For a property listed at $559,000 in Prince Edward County, the legal minimum down payment is $30,900 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 $7,655 for this transaction. As this listing is in Prince Edward County (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,655.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Athol Ward, Prince Edward County.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$447,328

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.