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Vacant Land
On market
28d
Escape the noise and embrace the tranquility of waterfront living on beautiful Manitoulin Island. Nestled within the sought-after Timberstone Shores community, this rare 3.3-acre waterfront property offers approximately 258 feet of frontage on peaceful motorless Nameless Lake, creating the perfect setting for those seeking privacy, nature, and a slower pace of life. With coveted western exposure, enjoy breathtaking sunset views and serene lakeside surroundings from your future dream home or cottage retreat. This exceptional property includes exclusive membership in the Nameless Lake Preservation Association, providing shared access to over 200 acres of protected conservation land with private hiking trails and preserved natural scenery. The lot itself is beautifully treed with a diverse mix, while existing walking paths and partial clearing work provide an excellent starting point for future development. The shoreline features a gentle slope, ideal for easy walk-in access to the lake for swimming, kayaking, and enjoying the peaceful waterfront lifestyle that makes Manitoulin Island so desirable. Located on a municipally maintained year-round road with hydro supplied by submersible power cable, this property combines convenience with unmatched natural beauty and privacy. As one of the final building lots before the expansive conservation area, the setting offers exceptional long-term value and ecosystem protection. Quiet and secluded, yet just minutes from the amenities, marina, shops, and restaurants of Gore Bay, this is a rare opportunity to secure a premier waterfront property on Manitoulin Island. Whether you envision a year-round residence, luxury cottage, or a peaceful escape, 98 Steven Street offers the perfect canvas to bring your vision to life. Reach out today to arrange your private viewing and experience this remarkable property for yourself. (id:65958)
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).
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.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Gore Bay. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.