$1,995,000
Est. payment $8,833/moCalculate yours
775 556 Highway, Algoma, Unorganized, North Part, ON P6A 5K7
Algoma, Unorganized, North Part, ON P6A 5K7
- 3 Beds
- 4 Baths
- 4 Garage
- 5,000 Sq Ft
Listing courtesy of Sotheby's International Realty Canada MLS® X13836944
About this home
An exceptional waterfront estate on Lower Island Lake, 775 Highway 556 offers a scale and presence rarely found in the surrounding market. Set on approximately 0.93 acre with an extraordinary 500 feet of shoreline wrapping around a prominent point, the property enjoys expansive water views and an immersive connection to the lake from multiple sides. At approximately 5,900 square feet, the custom residence delivers a distinctive Northern Ontario lodge aesthetic defined by substantial timber detailing, natural stone, soaring architectural lines and extensive lakeside glazing. Generous principal rooms provide exceptional space for family and entertaining, while the home’s thoughtful orientation places the waterfront at the centre of the experience. Outside, extensive decking and covered outdoor living areas transition seamlessly toward beautifully maintained grounds and the shoreline beyond. The point configuration creates an impressive sense of waterfront presence, with established landscaping, docking and multiple vantage points from which to enjoy the peaceful Lower Island Lake setting. Adding considerably to the offering are two double garages, providing outstanding capacity for vehicles, boats, recreational equipment, workshop space or collections-a particularly valuable complement to a property designed for four-season Northern Ontario living. Generous craft room plus additional recreational areas perfectly complement the living space. Substantial in every respect, this is far more than a conventional lake house. It is a complete waterfront estate combining approximately 5,900 square feet of living space, remarkable shoreline, extensive infrastructure and unmistakable lodge character within one cohesive property. 775 Highway 556 represents a rare opportunity to acquire a difficult-to-replicate waterfront holding just outside Sault Ste. Marie-equally suited to year-round living, an extended family retreat or a lasting Northern Ontario legacy property.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 5,000 sqft
Interior
- Bedrooms
- 3
- Bathrooms
- 4
- Kitchens
- 1
- Basement
- Crawl Space
Building & Systems
- Heating
- Forced Air (Propane)
- Cooling
- Central Air
- Exterior
- Wood , Log
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Well
- Sewer
- Septic
Lot & Parking
- Lot Size
- 500 x 180 Feet
- Parking
- Attached garage · 14 total
Financial
- Property Taxes
- $3,327 (2026)
Location
- Cross Street
- 556 & 552
- Direction Faces
- East
Listing
- MLS® Number
- X13836944
- Days on Market
- 20
- Listed On
- 2026-09-28
- Possession
- Flexible
- Listed By
- Sotheby's International Realty Canada
Rooms
Features
Interior
- Generator - Full
Pool
- None
- Included
- Appliances Included, Furniture package negotiable
Mortgage calculator
Estimated mortgage payment
$8,833 per month
- Principal and interest
- $8,833
- Property tax
- $277
- Condo fees
- $0
- Estimated monthly cost
- $9,111
Your mortgage
- Mortgage amount
- $1,596,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,054,029
Cash to close
- Down payment
- $399,000
- Land transfer tax
- $36,375
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $435,375
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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