1216 Lake Lorraine (Tory Lake) Lane, Highlands East, ON K0L 2Y0
Highlands East, ON K0L 2Y0
Quick cost estimateKnown monthly subtotal$2,869.25 / monthLand transfer tax $8,175One-time estimate
Quick cost estimate
$2,869.25 / monthKnown monthly subtotal
- Mortgage principal & interest
- $2,721.91
- Property tax / month
- $147.34
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $8,175
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $8,175
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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About this home
Set on the crystal-clear shores of peaceful Lake Lorraine, this beautifully updated 4-season waterfront cottage offers the kind of lifestyle families dream about. With southern exposure, calm mirror-like waters, and direct access to pristine spring-fed swimming, every day here feels connected to nature. The clean, weed-free shoreline and flat approach to the lake make it ideal for families, with no steep hills or endless stairs to navigate. Positioned right at the water's edge, the cottage captures stunning lake views and sunshine throughout the day. Unlike many busy lakes, Lake Lorraine (Tory Lake) is known for its tranquility, privacy, and strong sense of community. With no public boat launch, you can enjoy peaceful mornings, minimal boat traffic, and the comfort of watching children swim, fish, kayak, or skate close to shore. Thoughtfully upgraded for true year-round living, the property has been extensively improved with new water lines, water filtration system, upgraded insulation, spray foam insulation, heated plumbing systems, two cold-weather Mitsubishi heat pumps for heating and cooling, plus a WETT-certified wood-burning fireplace for cozy evenings at the lake. Every season brings something special here, from breathtaking fall colours to nearby ATV and snowmobile trails, excellent winter skating conditions, and skiing at Sir Sam's just 20 minutes away. Located in the highly desirable Highlands East/North Kawartha region, this property offers a quieter and more affordable alternative to Muskoka while still delivering the waterfront lifestyle buyers are searching for. The property is also Municipality Short-Term Rental License compliant and includes professionally prepared architectural expansion drawings (see attached architectural approved plans), offering incredible future potential for a custom waterfront retreat or investment opportunity. A rare opportunity to own a true year-round waterfront escape designed for making lifelong memories - see attachment
Home details
- Days on market
- Not reported
- Property type
- Rural Residential
- MLS® number
- X13156076
- Source status
- Price Change
- Bedrooms
- 2
- Bathrooms
- 1
- Postal code
- K0L 2Y0
- Kitchens
- 1
- Kitchens above grade
- 1
- Family room / den
- No
- Interior size (reported range)
- < 700
- Lot size
- 0.58 acres
- Lot depth
- 248 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- 4
- Occupancy
- Vacant
- Possession type
- Immediate
- Garage
- None
- Annual property tax
- 1768.03
- Basement
- None
- Interior features
- Carpet Free
- Exterior features
- Deck, Fishing, Year Round Living
- Architectural style
- Bungalow
- Parking features
- Private
- Pool features
- None
- Fireplace
- Yes
- Waterfront
- Yes
- Elevator
- No
- Garage available
- No
- Heating system
- Heat Pump
- Heating fuel
- Wood
- Cooling
- Wall Unit(s)
- Water source
- Lake/River
- Sewer
- Septic
- View
- Lake, Water
- Direction facing
- South
- Construction materials
- Wood
- Roof
- Metal
- Foundation
- Piers, Concrete, Block
- MLS entry age (not confirmed DOM)
- 169 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Water source
- Lake/River
- Sewer
- Septic
- Heating system
- Heat Pump
- Heating fuel
- Wood
- Cooling
- Wall Unit(s)
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
Loading source-reported room dimensions…
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
- Bedrooms above grade
- 2
- Rooms above grade
- 5
- Den / family room reported
- No
Reported counts are shown independently. Room dimensions have not been inferred from these counts.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $585,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Map and neighbourhood
- Region / county
- HALIBURTON
- Municipality
- HIGHLANDS EAST
- MLS® community
- Monmouth
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Around this property
Schools, transit & everyday places
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Nearby schools
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Transit near this property
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Nearby shops & amenities
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Similar homes for sale in Highlands East
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
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How should I use the monthly cost estimate?
It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
1216 Lake Lorraine (Tory Lake) Lane, Highlands East, ON K0L 2Y0, Highlands East is listed for sale as a Rural Residential. The listing reports 2 bedrooms, 1 bathrooms, reported interior area of < 700 (units not reported), kitchens reported as 1, parking spaces reported as 4, lot size reported as 0.58 acres. Asking price: $585,000. Occupancy is reported as Vacant. Review the Home details, room measurements and utility sections below to compare reported specifications; confirm important details with the listing brokerage. MLS® X13156076.
Local context
Explore the area: Highlands East · Monmouth.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: EXP REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13156076. Information deemed reliable but not guaranteed.