$899,000
↓ $51,000 from $950,000
Est. payment $3,981/moCalculate yours
2 Island 2890, Georgian Bay, ON P0E 1E0
Gibson, Georgian Bay, ON P0E 1E0
- 2 Beds
- 2 Baths
- 700 Sq Ft
Listing courtesy of RE/MAX By The Bay Brokerage MLS® X12511512
About this home
Nestled in the heart of Cognashene, lies a stunning 2-acre island in a private bay with only 3 other cottages separated by crown land. Enjoy the tranquility and stellar sunsets from an extremely well appointed 2-bedroom cottage with large loft and open concept living / kitchen. Only a few steps across the sun deck, there’s a private guest cabin so family and company will have their own space. A short walk down a rocky path gets you to yet another small Bunkie for additional sleeping. A deep water dock provides sheltered mooring for a large boat and offers great swimming and fishing. This pristine and unique Island getaway has been a well loved home away from home for a wonderful local family for more than two generations, and they are leaving the place in perfect condition for a new family like yours. Access is available by boat, airboat and snowmobile from Honey Harbour.
Property details
Overview
- Property Type
- Detached
- Style
- 1 1/2 Storey
- For
- For Sale
- Status
- Price Change
- Size
- 700 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- None
- Exterior
- Wood
- Foundation
- Concrete, Piers
- Roof
- Metal
- Water
- Other
- Sewer
- Septic
Lot & Parking
- Lot Size
- 2-4.99 acres
- Parking
- None garage
- Zoning
- SRI7
Financial
- Property Taxes
- $5,438 (2025)
Location
- Neighbourhood
- Gibson
- Cross Street
- BY BOAT ONLY
- Direction Faces
- West
Listing
- MLS® Number
- X12511512
- Days on Market
- 347
- Listed On
- 2025-11-05
- Possession
- Flexible
- Listed By
- RE/MAX By The Bay Brokerage
Rooms
Features
Interior
- Water Heater Owned
- Water Treatment
Property
- Island
- Lake Access
- Lake/Pond
- Wooded/Treed
- Waterfront
Pool
- None
- Included
- Most Furniture, Appliance
- Excluded
- All personal items. Personal Tools and Tool Box, Cedar Chest, Cherry Dining Room Table, Kayak, Generator
Mortgage calculator
Estimated mortgage payment
$3,981 per month
- Principal and interest
- $3,981
- Property tax
- $453
- Condo fees
- $0
- Estimated monthly cost
- $4,434
Your mortgage
- Mortgage amount
- $719,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $474,973
Cash to close
- Down payment
- $179,800
- Land transfer tax
- $14,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $194,255
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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