Lot 5 31M-209 Water Street

Meldrum Bay · MLS® 2127167

Land · Vacant Land · 187 days on market

listed by SCOTT MCDOUGALL, BOUSQUET REALTY, BROKERAGE

realtor's description

Trader’s Pass — Lot 5, The Heron. 202 feet of North Channel frontage on 1.50 acres at Meldrum Bay, the westernmost point of Manitoulin Island. One of the most affordable entry points to direct North Channel waterfront ownership in Ontario. The water clarity here is remarkable — clear to depth, cold, and clean on one of the great waterways of the Great Lakes. Hydro One service at the lot entrance. Provincially maintained year-round road. Registered plan of subdivision with surveyed and staked boundaries — ready to build. Full-service marina with Canada Customs and country store in Meldrum Bay. HST applicable. traderspass.ca.

property details

type: Land, Vacant Land
parking: 0
days on market: 187
MLS®: 2127167

monthly cost

$649/mo

Mortgage $649

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

estimated payment

$649/ monthly

loan $119,200

25-year amortization

down payment20% · $29,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $75,554
cash to close: $29,800; down payment; transfer tax and fees not included
total paid: $194,754

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