Gurvinder Nokwal REALTOR®
For Sale Detached 20 days on market

$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

Room Level Dimensions
Bathroom Second 27′ 0″ × 6′ 9″
Bathroom Second 12′ 0″ × 8′ 5″
Bathroom Second 12′ 0″ × 8′ 5″
Game Room Main 17′ 0″ × 11′ 6″
Bathroom Main 9′ 7″ × 4′ 6″
Primary Bedroom Second 16′ 5″ × 15′ 9″
Dining Room Main 16′ 0″ × 11′ 6″
Exercise Room Second 23′ 6″ × 55′ 9″
Kitchen Main 20′ 0″ × 12′ 0″
Powder Room Main 6′ 0″ × 6′ 0″
Great Room Main 20′ 0″ × 20′ 0″
Laundry Main 8′ 0″ × 6′ 8″
Pantry Main 12′ 0″ × 11′ 3″
Bedroom Main 13′ 6″ × 11′ 9″
Bedroom Second 13′ 0″ × 11′ 9″
Recreation Second 20′ 0″ × 11′ 0″

Features

Interior

  • Generator - Full

Pool

  • None
Included
Appliances Included, Furniture package negotiable

Mortgage calculator

Minimum for this price: $399,000 (20%)

Amortization, years

Estimated mortgage payment

$8,833 per month

Principal and interest
$8,833
Property tax
$277
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
Total, before legal fees
$435,375
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

775 556 Highway, Algoma, Unorganized, North Part, ON P6A 5K7 Algoma, Unorganized, North Part, ON P6A 5K7
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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).

$1,995,000 775 556 Highway, Algoma, Unorganized, North Part, ON P6A 5K7
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