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Beds
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Year
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Type
Vacant Land
On market
88d
New Listing. An opportunity for a family compound or developer. Freehold vacant land condominium development. The waterfront property is comprised of five vacant land units (lots) plus common area. The entire property is approximately 1.8 acres in size with 894 feet of shoreline. The lands are a gentle topography with north, east and south exposure over Regina Bay, Lake of the Woods. Each vacant land unit features underground 200-amp electrical service on individual meters and underground septic service connection. The common area is landscaped and features a waterfront docking facility, walking paths, and septic system. Unit sizes are as follows; Unit 1; 8712 sq ft with 105 feet frontage; Unit 2; 8712 sq ft with 97.5 feet frontage; Unit 3: 9583 sq ft with 97 feet frontage; Unit 4; 9147 sq ft with 84 feet frontage; Unit 5; 8276 sq ft with 90 feet frontage. Each unit is permitted one residential dwelling to a maximum size of 1200 sq ft with a maximum of 2 bedrooms and 2 baths. An attached or detached garage is permitted. Condo Declaration and Design Scheme available. Zoned R2 - Multi-Family Residential. 2025 taxes: $3408.00. 13% HST applies to the purchase price. Viewing by appointment please. (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).
Cash on cash
-6.91%
Cap rate
3.48%
GRM
16.7
Break-even rent
$3,572
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.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sioux Narrows. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.