$449,000
↓ $30,000 from $479,000
Est. payment $1,988/moCalculate yours
268 Loch Erne Road, McDougall, ON P2A 2W7
McDougall, McDougall, ON P2A 2W7
- 3 Beds
- 1 Baths
- 1 Garage
- 700 Sq Ft
Listing courtesy of Royal LePage Team Advantage Realty MLS® X13597058
About this home
A proven income property with the kind of rural setting tenants and future owners can appreciate. Located just across the road from Vowels Lake and within easy reach of Parry Sound, this 3-bedroom, 1-bathroom home sits on 8.3 acres and has been a consistent rental property for the past 10 years. The home is currently rented for a one-year term beginning November 1, 2026, creating an opportunity for an investor looking to add an established property to their portfolio and begin earning income from day one. Surrounded by trees and set along a year-round municipally maintained road, the property offers privacy without giving up reliable four-season access. Inside, a wood stove adds warmth and character, while an attached garage, drilled well and septic system provide the practical features needed for comfortable country living. With approximately 8.3 acres to explore and Vowels Lake just across the road, the setting offers plenty of appeal beyond the numbers. Whether held as a long-term investment or considered for personal use in the future, this is a straightforward opportunity to own a versatile Northern Ontario property close to Parry Sound, with an established rental history and room to enjoy the outdoors.
Property details
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- Price Change
- Size
- 700 sqft
Interior
- Bedrooms
- 3
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- None
- Exterior
- Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Metal
- Water
- Well
- Sewer
- Septic
Lot & Parking
- Lot Size
- 332.4 x 1175.67 Feet
- Parking
- Attached garage · 5 total
- Zoning
- RR
Financial
- Property Taxes
- $1,850 (2026)
Location
- Neighbourhood
- McDougall
- Cross Street
- Lorimer Lake Road
- Direction Faces
- North
Listing
- MLS® Number
- X13597058
- Days on Market
- 87
- Listed On
- 2026-07-23
- Possession
- Negotiable
- Listed By
- Royal LePage Team Advantage Realty
Rooms
Features
Interior
- Carpet Free
- Generator - Partial
- Primary Bedroom - Main Floor
- Separate Heating Controls
- Upgraded Insulation
- Water Heater Owned
- Workbench
Property
- Golf
- Hospital
- Lake Access
- Wooded/Treed
Pool
- None
- Included
- Fridge, stove, washer, dryer, range hood, kitchen table, kitchen chairs, sofa, arm chairs, end tables, satellite dish, ceiling fans
- Excluded
- Personal belongings
- Rental items
- None
Mortgage calculator
Estimated mortgage payment
$1,988 per month
- Principal and interest
- $1,988
- Property tax
- $154
- Condo fees
- $0
- Estimated monthly cost
- $2,142
Your mortgage
- Mortgage amount
- $359,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $237,222
Cash to close
- Down payment
- $89,800
- Land transfer tax
- $5,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $95,255
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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