$1,400,000
Est. payment $6,199/moCalculate yours
Parcel 24715 Gibson Lake Road S, Timmins, ON P0N 1K0
TM - Outside East, Timmins, ON P0N 1K0
- 2 Beds
- 1 Baths
Listing courtesy of HOMELIFE OPTIMUM REALTY MLS® T13591982
About this home
THIS PROPERTY IS THE ONLY DEEDED PROPERTY ON HEART LAKE! Good road access from Gibson Lake Road, which is south, off of Hwy 101, to a gated private entrance. Heart lake offers clear pristine water and some sand beaches. Two cabins have been built on this property about 10-14 years ago. The cabins were located so that they are far enough away from each other that each cabin is very private. There are no electrical services to the property so you are totally OFF THE GRID. All existing cabins have been wired for generator. This property has over 7200 feet of shoreline! The lake has BROOK TROUT and SPLAKE and YELLOW PERCH. All buildings have low maintenance metal roofing. An investment property that we know is to surely go up in value over time. This is a drive to property in the UNORGANIZED township, of Sheraton. Located about 45 kilometers east of the City of Timmins and then 14 kilometers south on the Gibson Lake Road, so in total just under 60 kilometers from the City of Timmins. About a half hours scenic drive.
Property details
Overview
- Property Type
- Other
- Style
- 1 1/2 Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 6-15
- Size
- < 700 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- None
Building & Systems
- Cooling
- None
- Exterior
- Wood
- Foundation
- Post & Pad
- Roof
- Metal
- Water
- Other
- Sewer
- Other
Lot & Parking
- Lot Size
- 100 + acres
- Parking
- None garage · 8 total
- Zoning
- unorganized so there is no zoning.
Financial
- Property Taxes
- $358 (2026)
Location
- Neighbourhood
- TM - Outside East
- Cross Street
- Hwy 101
- Direction Faces
- East
Listing
- MLS® Number
- T13591982
- Days on Market
- 88
- Listed On
- 2026-07-22
- Listed By
- HOMELIFE OPTIMUM REALTY
Features
Interior
- Primary Bedroom - Main Floor
Pool
- None
Mortgage calculator
Estimated mortgage payment
$6,199 per month
- Principal and interest
- $6,199
- Property tax
- $30
- Condo fees
- $0
- Estimated monthly cost
- $6,229
Your mortgage
- Mortgage amount
- $1,120,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $739,669
Cash to close
- Down payment
- $280,000
- Land transfer tax
- $24,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $304,475
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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