14 photos

Highlight

Year Built

Days of On-Site Use

Property Type

Single Family Home

Price per Sqft

Car Garage

Property Details

Key Details

Sub Type

Detached

Listing Status

Active

Purchase Type

For Sale

Approx. Sqft

700-1100

Subdivision

Addington Highlands

MLS Listing ID

X13637338

Style

Bungalow

Bedrooms

Annual Tax Amount

$3,438

Tax Year

2026

Lot Size

0.500 Acres

Property Sub-Type

Detached

Location

Province

County

Lennox & Addington

Area

Lennox & Addington

Body of Water

Sheldrake Lake

Rooms

Family Room

Basement

Unfinished

Kitchen

Interior

Interior Features

Primary Bedroom - Main Floor, Water Heater Owned

Cooling

None

Fireplaces Number

Fireplaces Type

Wood

Inclusions

Negotiable

Exterior

Exterior Feature

Fishing, Privacy

Parking Features

Private

Pool

None

Waterfront Description

Dock

View

Lake

Roof Type

Metal

Road Frontage

Private Road

Lot Frontage

195.54

Lot Depth

299.3

Total Parking Spaces

Building

Building Age

51-99

Foundation

Block

Others

Senior Community

ParcelsYN

Listed by WAGAR AND MYATT LTD., BROKERAGE

Purchase & mortgage inputs

Purchase price $650,000

First-time home buyer

New construction / new build

Property is in the City of Toronto (adds Toronto MLTT)

Down payment 10% · $65,000

Minimum required for this price: 5% on the first $500,000, 10% on the remainder.

Interest rate (contract) 4.99%

Amortization 25 yrs

Property taxes, annual $4,200

Heating, annual $1,800

Condo fees, monthly $0

Only 50% of condo fees count toward GDS/TDS.

Other monthly debt payments $400

Car loans, credit cards, student loans, other credit obligations.

Household annual income, optional $0

Enter this to check pass/fail against required income. Leave at 0 to just see what's required.

Other closing costs $2,000

Legal fees, title insurance, home inspection, adjustments.

Qualification & closing costs

Conventional (uninsured)

Loan amount

Total mortgage (incl. premium)

Monthly payment (contract rate)

Monthly qualifying payment

Stress-test qualifying rate (MQR)0.00%

GDS ratio (at qualifying rate)0.0%

TDS ratio (at qualifying rate)0.0%

Insurance premium rate—

Insurance premium$0

Ontario PST on premium (8%, cash)$0

Ontario land transfer tax$0

Ontario first-time buyer rebate$0

Toronto municipal land transfer tax$0

Toronto first-time buyer rebate$0

Total cash needed to close$0

For information purposes only. This calculator reflects publicly available federal and Ontario mortgage rules as of mid-2026 and does not constitute financial, legal, tax or mortgage advice. Confirm current rules and your actual qualification with a licensed mortgage professional or lender before making a decision.

Minimum down payment: 5% on the first $500,000, 10% on the portion from $500,000 to $1.5 million. Properties at or above $1.5 million require at least 20% down and cannot be insured.
Maximum insured amortization is 25 years, or 30 years if you are a first-time buyer or purchasing a new build. Insured mortgages also require a minimum credit score of 600 and a traditional (non-borrowed) down payment source.
The stress test qualifying rate is the greater of your contract rate + 2%, or the 5.25% regulatory floor.
GDS (39%) and TDS (44%) are standard insurer guidelines; individual lenders may apply different limits, especially for conventional (uninsured) mortgages.
Land transfer tax figures use current Ontario and Toronto marginal rate schedules and standard first-time buyer rebates. Other municipalities in Ontario do not currently levy a municipal land transfer tax.

Prepared by Navjot Singh.

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Navjot Singh

REALTOR® | License ID: 5027745

+1(519) 505-5832 | navjot@teammosaic.ca

Residential mortgage & income qualification calculator

Purchase & mortgage inputs

Qualification & closing costs

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186 SHELDRAKE LAKE RD

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