+ 12 photos
8856 Hwy 560 W, Timiskaming, ON P0J 1G0
Timiskaming · TIM - Outside - Rural
For Sale · Investment
8856 Hwy 560 W, Timiskaming, ON P0J 1G0
Timiskaming · TIM - Outside - Rural
2 months ago
$1,000,000
—
Beds
—
Baths
—
Parking
7.41 sq ft
Sq ft
—
Built
About this home
- Turnkey resort investment operating since 1970 in Elk Lake, Unorganized West Timiskaming, Ontario
- Located on a peninsula on Long Point Lake with 4-season operation
- 13 cottages, office/residence, and 10 outbuildings for maintenance, recreation and storage
- 17 trailer spaces for seasonal RVs with potential for additional spaces
- Known for fishing, hunting and cottaging; high rebooking rate and low vacancy rate
- Solid revenues with additional revenue potential
- 7.41 sq ft of total property area
Key points are generated by Renavu from the listing description — not from, provided by, or endorsed by TRREB or PropTx.
Property details
Property tax
$2,422.9 (2024)
Lot
2116 × 500 Feet
Heating
Woodburning
Cooling
No
MLS®
T12637210
Full details
Parking
GarageOther
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| 2025-12-16 | — | $1,000,000 | For Sale | T12637210 |
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Run the numbers
True cost to close
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
This price requires at least 7.5% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$16,475
Legal · title · inspection$2,800
Closing costs$19,275
Down payment$200,000
Total cash to close$219,275
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
