$2,890,000
Est. payment $12,796/moCalculate yours
551 & 565 Cooney Island Road, Douro-Dummer, ON K0L 2H0
Douro-Dummer, Douro-Dummer, ON K0L 2H0
- 6 Beds
- 5 Baths
- 1 Garage
- 2,500 Sq Ft
Listing courtesy of Royal Lepage Proalliance Realty MLS® X13589276
About this home
[Click Floor Plan + Brochure Icon for More Photos]. An extraordinary opportunity to own approximately 23 riverside acres with not one, but TWO homes, offering endless opportunities for multi-generational living, income potential, or your own private retreat. Set along the beautiful Indian River in Douro-Dummer, this one-of-a-kind property is rich in recreation, history, and natural beauty. Enjoy extensive river frontage with deeded access to shoreline inclusive to the bridge at 2nd Line, as well as land underwater, allowing you to fish, kayak, canoe, tube, paddleboard, or relax and take in all the peaceful surroundings. The property features two separate residences, each with its own unique appeal. 551 Cooney Island Rd is a riverside two-storey home with a covered veranda, offering 2 bedrooms, 3 bathrooms, and overlooking the water. Meanwhile, 565 Cooney Island Rd is a charming A-frame with 4 bedrooms, 2 bathrooms, soaring open-beam ceilings, and a deck overlooking the river. Ideal for extended family, guests, or short-term rental opportunities. Beyond the two homes, the property also features an insulated chicken coop, a heated workshop with an office and an additional bedroom overlooking the rapids, a stone wood-fired outdoor oven with an outdoor kitchen, a detached bunkie, and an impressive event hall/covered bridge extending over the river. These additional buildings further enhance this remarkable property. The property’s historic dam and covered bridge also present the potential for future hydroelectric generation with the appropriate turbine system. The original sawmill equipment and infrastructure remains. Modern conveniences include wells & septic systems, high-speed internet, and year-round municipal road access. Whether your vision is a family estate, recreational retreat, investment opportunity, or simply a place to enjoy nature, this remarkable property offers possibilities that are as expansive as the landscape itself.
Property details
Overview
- Property Type
- Detached
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 51-99
- Size
- 2,500 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 5
- Kitchens
- 2
- Basement
- Finished with Walk-Out, Full
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- Wall Unit(s)
- Exterior
- Stucco (Plaster)
- Foundation
- Block, Slab
- Roof
- Asphalt Shingle
- Water
- Well
- Sewer
- Septic
Lot & Parking
- Lot Size
- 10-24.99 acres
- Parking
- Detached garage · 31 total
Financial
- Property Taxes
- $3,716 (2025)
Location
- Neighbourhood
- Douro-Dummer
- Cross Street
- Douro Second Line & Cooney Island Rd
- Direction Faces
- North
Listing
- MLS® Number
- X13589276
- Days on Market
- 89
- Listed On
- 2026-07-21
- Possession
- Flexible
- Listed By
- Royal Lepage Proalliance Realty
Rooms
Features
Interior
- Guest Accommodations
- Water Heater Owned
Property
- Beach
- Lake/Pond
- Park
- Rec./Commun.Centre
- River/Stream
- Waterfront
Pool
- None
- Included
- Refrigerator x2, Stove x2, Dishwasher x2, Washer x2, Dryer x2, Window Coverings, Electric Light Fixtures
- Rental items
- N/A
Mortgage calculator
Estimated mortgage payment
$12,796 per month
- Principal and interest
- $12,796
- Property tax
- $310
- Condo fees
- $0
- Estimated monthly cost
- $13,106
Your mortgage
- Mortgage amount
- $2,312,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,526,888
Cash to close
- Down payment
- $578,000
- Land transfer tax
- $58,725
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $636,725
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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