*WATER ACCESS ONLY* Temagami Lake is one of the Premier Northern Ontario fishing lakes some call the the "hidden gem of the North" with roughly 21,000 hectares in size with the average depth of 18 meters with spots over 120 meters deep, this oxygen rich environment for cold water species like Lake Trout, Smallmouth Bass, Walleye, Northern Pike and Whitefish for great fishing in any season. Sitting on this lake in the SOUTHERN ARM OF LAKE TEMAGAMI is a private Island approximately .08 acre in size with a natural rock shelf around it and on this island is a 800 sq ft off grid cabin waiting for its next owner who is looking for their own private island adventure This open concept cottage currently has 1 bedroom and a loft area, bathroom with a sink and a compost toilet ( was removed from the bathroom but can be brought back in for use), a great room with kitchen, living room and eating area, a screened porch, outdoor shower, 2 wood stoves for heat on those cooler evenings and hot water on demand. Everything you need for your first trip to the "cabin/cottage" is already onsite as everything there comes with it. With your own private island you have waterfront on all sides of you providing sunrises and sunsets and everything in between. This cottage is water access only, both you or your realtor must have access to proper transportation across the lake in whatever season you are looking at it. There is plenty of parking at The Hub boat launch. This cottage does have solar panels that provide lights and propane on demand water heater, fridge and stove. Current sellers have enquired about a septic install and do have soil samples already done for a septic permit. Water is drawn from the Lake
1 bedroom, 1 bathroom, about 700 sq ft, works out to roughly $499 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this rural home fits your budget and timing.
Inside 12 Lake Temagami Island
Every detail from the listing, in one place.
Type
Rural Home
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0.8
Listing & possession
Property style
Bungalow
Property class
Rural Residential
12 Lake Temagami Island Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14116748$349,500
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 12 Lake Temagami Island Compares to the Temagami Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,717
/mo
based on the purchase price of $349,500
$69,900 cash
$279,600 financed
$235,497 total interest
Principal54%$279,600
Interest46%$235,497
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 12 Lake Temagami Island
Homes for sale in Temagami
Every active Temagami MLS® listing, updated all day.
Average days on market63Homes sold in about 63 days on average.
Sale-to-list ratio90.3%On average, homes sold below asking.
Active listings36Homes for sale here right now.
Based on 10 sales from Jul 28 – Oct 26, 2026. Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 12 Lake Temagami Island
How much is 12 Lake Temagami Island listed for?
12 Lake Temagami Island is listed at $349,500 (MLS® X14116748). Summitly updates the price as soon as the MLS® record changes.
Is $349,500 a good price for 12 Lake Temagami Island?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Temagami. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 12 Lake Temagami Island changed?
No — 12 Lake Temagami Island is still listed at its original asking price of $349,500.
How many bedrooms and bathrooms does 12 Lake Temagami Island have?
12 Lake Temagami Island has 1 bedroom and 1 bathroom, with about 700–1,100 square feet of living space. It is a rural home in Temagami.
How much would the monthly mortgage be on 12 Lake Temagami Island?
About $1,717 a month — principal and interest on $349,500 with 20% down ($69,900), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 12 Lake Temagami Island compare with other homes in Temagami?
Its asking price of $349,500 is about 60% above the median sold price in Temagami over the last 90 days, $217,950, across 10 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 12 Lake Temagami Island been sold before?
Summitly has no earlier MLS® sale or lease of 12 Lake Temagami Island on record from the last two years. Older records aren't shown under TRREB rules.
Where is 12 Lake Temagami Island?
12 Lake Temagami Island is in Temagami, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 12 Lake Temagami Island been on the market?
1 day — 12 Lake Temagami Island was listed on October 25, 2026.
What is the price per square foot of 12 Lake Temagami Island?
About $318 to $499 per square foot: the asking price of $349,500 over the 700–1,100 sq ft the listing gives as its size range.
Does 12 Lake Temagami Island have a basement, and is it finished?
The listing says 12 Lake Temagami Island has no basement.
What is the lot size of 12 Lake Temagami Island?
The lot is 25.995 acres, as published in the listing.
