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1479 LAKESIDE DRIVE
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Beds
5
Baths
6 full + 1 half
Sqft
—
Year
—
Type
Single Family
On market
377d
This exquisite and rare Regency cottage was almost completely destroyed but instead it was saved by Professor and preservation enthusiast, Shannon Kyles. "The Gryphon" was originally located in Ancaster, Ontario and was known as "The Grove." Painstakingly dismantled piece by piece, this rare treasure of a home was lovingly restored and rebuilt where it sits today; on 17 acres of natural wildlife preserve on Lake Consecon. Each tradesperson is an expert in their field of restoration, no detail has been overlooked. 200 year old windows, removed and refinished, saved from ruin and reinstalled. In 2021 an 1830s carriage house was moved from Closson Road in Prince Edward County and brought to the property, making this the ideal spot for an events based business. This historic home is built on a new foundation, with Insulated Concrete Forms on the exterior as well as new plumbing, electrical, a new slate roof in 2022, and a new geothermal unit in 2018, and a sprinkler system for added convenience. You'll have the comfort of knowing it's newly rebuilt and energy efficient with geo thermal technology. 200 year old charm without the 200 year old problems. As a licensed STA, this home offers excellent income potential with 5 bedrooms, 6 bathrooms and a complete one bedroom apartment on the lower level. If you've got the dream, this is a once in a lifetime kind of opportunity (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 2.68 × 2.69 meters | |
| Other | 5.47 × 6.02 meters | |
| Media | 5.28 × 6.06 meters | |
| Kitchen | 2.79 × 2.4 meters | |
| Bedroom 5 | 5.47 × 4.44 meters | |
| Bathroom | 3.81 × 2.92 meters | |
| Recreational, Games room | 7.28 × 6.12 meters |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 5.49 × 2.98 meters | |
| Eating area | 2.3 × 2.98 meters | |
| Dining room | 5.43 × 3.75 meters | |
| Partial bathroom | 0.95 × 2.29 meters | |
| Living room | 5.43 × 6.71 meters | |
| Primary Bedroom | 5.53 × 4.28 meters | |
| Bedroom 2 | 5.53 × 3.42 meters |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom 3 | 4.19 × 2.47 meters | |
| Bedroom 4 | 2.77 × 4.28 meters |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.59%
Cap rate
4.75%
GRM
13.9
Break-even rent
$12,208
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Prince Edward County (Ameliasburgh). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.