Lot 12 31M-209 Water Street

Meldrum Bay · MLS® 2127168

Land · Vacant Land · 187 days on market

listed by SCOTT MCDOUGALL, BOUSQUET REALTY, BROKERAGE

realtor's description

Trader’s Pass — Lot 12, The Kingfisher. The largest listed lot in the development — 310 feet of North Channel frontage on 2.80 acres of mature forest at Meldrum Bay, Manitoulin Island. This is a genuinely exceptional waterfront property: over a quarter-mile of shoreline depth, 310 feet of direct exposure to the North Channel of Lake Huron, and complete privacy in every direction. Hydro One at the lot entrance. Provincially maintained year-round road. Registered plan of subdivision — zoning confirmed, boundaries surveyed and staked. For buyers who want the finest lot in the development at a price that would not exist in Muskoka or Georgian Bay. HST applicable. traderspass.ca.

property details

type: Land, Vacant Land
parking: 0
days on market: 187
MLS®: 2127168

monthly cost

$850/mo

Mortgage $850

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$850/ monthly

loan $156,000

25-year amortization

down payment20% · $39,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $98,879
cash to close: $39,000; down payment; transfer tax and fees not included
total paid: $254,879

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.