Gurvinder Nokwal REALTOR®
For Sale Rural Residential 150 days on market

$585,000 ↓ $40,000 from $625,000

Est. payment $2,590/moCalculate yours

1216 Lake Lorraine (Tory Lake) Lane, Highlands East, ON K0L 2Y0

Monmouth, Highlands East, ON K0L 2Y0

  • 2 Beds
  • 1 Baths

Listing courtesy of EXP REALTY MLS® X13156076

About this home

Set on the crystal-clear shores of peaceful Lake Lorraine, this beautifully updated 4-season waterfront cottage offers the kind of lifestyle families dream about. With southern exposure, calm mirror-like waters, and direct access to pristine spring-fed swimming, every day here feels connected to nature. The clean, weed-free shoreline and flat approach to the lake make it ideal for families, with no steep hills or endless stairs to navigate. Positioned right at the water’s edge, the cottage captures stunning lake views and sunshine throughout the day. Unlike many busy lakes, Lake Lorraine (Tory Lake) is known for its tranquility, privacy, and strong sense of community. With no public boat launch, you can enjoy peaceful mornings, minimal boat traffic, and the comfort of watching children swim, fish, kayak, or skate close to shore. Thoughtfully upgraded for true year-round living, the property has been extensively improved with new water lines, water filtration system, upgraded insulation, spray foam insulation, heated plumbing systems, two cold-weather Mitsubishi heat pumps for heating and cooling, plus a WETT-certified wood-burning fireplace for cozy evenings at the lake. Every season brings something special here, from breathtaking fall colours to nearby ATV and snowmobile trails, excellent winter skating conditions, and skiing at Sir Sam’s just 20 minutes away. Located in the highly desirable Highlands East/North Kawartha region, this property offers a quieter and more affordable alternative to Muskoka while still delivering the waterfront lifestyle buyers are searching for. The property is also Municipality Short-Term Rental License compliant and includes professionally prepared architectural expansion drawings (see attached architectural approved plans), offering incredible future potential for a custom waterfront retreat or investment opportunity. A rare opportunity to own a true year-round waterfront escape designed for making lifelong memories - see attachment

Property details

Overview

Property Type
Rural Residential
Style
Bungalow
For
For Sale
Status
Price Change
Size
< 700 sqft

Interior

Bedrooms
2
Bathrooms
1
Kitchens
1
Basement
None

Building & Systems

Heating
Heat Pump (Wood)
Cooling
Wall Unit(s)
Exterior
Wood
Foundation
Piers, Concrete, Block
Roof
Metal
Water
Other
Sewer
Septic

Lot & Parking

Lot Size
100 x 248 Feet
Parking
None garage · 4 total

Financial

Property Taxes
$1,768 (2025)

Location

Neighbourhood
Monmouth
Cross Street
County Rd. 503 & Lee's Rd.
Direction Faces
South

Listing

MLS® Number
X13156076
Days on Market
150
Listed On
2026-05-21
Possession
Flexible
Listed By
EXP REALTY

Rooms

Room Level Dimensions
Dining Room Main 4′ 9″ × 11′ 6″
Bedroom 2 Main 13′ 5″ × 7′ 10″
Bedroom Main 8′ 11″ × 10′ 2″
Kitchen Main 10′ 0″ × 7′ 1″
Living Room Main 15′ 5″ × 13′ 9″

Features

Interior

  • Carpet Free

Pool

  • None
Included
Fridge, Stove, Woodstove
Excluded
Furniture & Kayaks

Mortgage calculator

Minimum for this price: $33,500 (5.73%)

Amortization, years

Estimated mortgage payment

$2,590 per month

Principal and interest
$2,590
Property tax
$147
Estimated monthly cost
$2,738

Your mortgage

Mortgage amount
$468,000
Mortgage insurance
Not needed
Interest over 25 years
$309,076

Cash to close

Down payment
$117,000
Land transfer tax
$8,175
Total, before legal fees
$125,175
Talk to me about financing

Estimates 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

1216 Lake Lorraine (Tory Lake) Lane, Highlands East, ON K0L 2Y0 Monmouth, Highlands East, ON K0L 2Y0
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$585,000 1216 Lake Lorraine (Tory Lake) Lane, Highlands East, ON K0L 2Y0
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