+ 24 photosFor Sale · Rural Residential
1216 Lake Lorraine (Tory Lake) Lane, Highlands East, ON K0L 2Y0
Highlands East · Monmouth
117 days on market
▾ PRICE CHANGE
▶ Virtual Tour2
Beds
1
Baths
4
Parking
< 700
Sq ft
—
Built
The honest picture
$585,000 list price. Neighbourhood benchmark for this home type is being prepared.
About this home
- 2 bedrooms, 1 bathroom, 4 parking spaces on Lake Lorraine waterfront
- Direct lake access with flat approach to shore and clean, weed-free waterline
- Southern exposure with lake views; spring-fed swimming
- Updated systems: new water lines, water filtration, upgraded insulation, spray foam insulation, heated plumbing, two Mitsubishi heat pumps, WETT-certified wood-burning fireplace
- No public boat launch on lake; minimal boat traffic
- Property is Municipality Short-Term Rental License compliant
- Includes architectural expansion drawings for future development
Key points summarised from the listing description.
Property details
Listed on
May 21, 2026
Days on market
117 days
Property tax
$1,768.03 (2025)
Lot
100 × 248 Feet
Style
Bungalow
Heating
Heat Pump
Cooling
Wall Unit(s)
MLS®
X13156076
Full details
Parking
GarageNone
Driveway4
Total parking4
Parking featuresPrivate
Room dimensions
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living Room | Main | 4.7 × 4.2 | — |
| Kitchen | Main | 3.05 × 2.16 | — |
| Dining Room | Main | 1.46 × 3.5 | — |
| Bedroom | Main | 2.71 × 3.1 | — |
| Bedroom 2 | Main | 4.1 × 2.4 | — |
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| September 14, 2026 | — | $585,000 ▼ | Price cut | X13156076 |
| May 21, 2026 | — | $599,888 | Listed | X13156076 |
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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 5.7% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$8,175
Legal · title · inspection$2,800
Closing costs$10,975
Down payment$117,000
Total cash to close$127,975
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.
