1507 Old Folks Dr is a 2-bedroom, 1-bathroom detached home in Highlands East, listed for $649,999. It has 1100-1500 sq ft of living space.
1Escape to your own private waterfront retreat.
2Nestled among mature trees and set on a serene shoreline, this stunning four-season cottage offers the perfect blend of tranquility, space, and lifestyle.
3Step outside to multiple decks and seating areas overlooking the water, where you can enjoy breathtaking views, peaceful mornings, and unforgettable sunrises.
Escape to your own private waterfront retreat. Nestled among mature trees and set on a serene shoreline, this stunning four-season cottage offers the perfect blend of tranquility, space, and lifestyle. Set on pristine shores of Monmouth lake, a quiet and highly sought-after lake known for its privacy and natural surroundings. The main residence is warm and inviting, complemented by two additional structures that make this property truly special. A separate 2-bedroom bunkie provides ideal accommodations for family and guests, while the impressive detached double garage with a loft-style recreation space above-complete with a bar and pool table-creates the ultimate setting for entertaining. Step outside to multiple decks and seating areas overlooking the water, where you can enjoy breathtaking views, peaceful mornings, and unforgettable sunrises. A private dock offers easy access for swimming, boating, and all your waterfront activities. Surrounded by nature yet designed for comfort, this property is perfectly suited for year-round living or a luxurious getaway. Whether you're hosting, relaxing, or exploring the outdoors, this one-of-a-kind retreat delivers the lifestyle you've been dreaming of.
2 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $591 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1507 Old Folks Dr
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Crawl Space
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
1507 Old Folks Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$3,193
/mo
based on the purchase price of $649,999
$130,000 cash
$519,999 financed
$437,976 total interest
Principal54%$519,999
Interest46%$437,976
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
Own a home on Old Folks Drive? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 1507 Old Folks Dr with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 1507 Old Folks Dr day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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.
Similar homes for sale nearby in Highlands East
Other 2–3 bed homes for sale in Highlands East around $650K.
Average days on market48Homes sold in about 48 days on average.
Sale-to-list ratio93.9%On average, homes sold below asking.
Active listings122Homes for sale here right now.
Median vs prior 90 days+1.9%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 68 sales from Jul 24 – Oct 22, 2026 (41 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1507 Old Folks Dr
How much is 1507 Old Folks Dr listed for?
1507 Old Folks Dr is listed at $649,999 (MLS® X13727688). Summitly updates the price as soon as the MLS® record changes.
Is $649,999 a good price for 1507 Old Folks Dr?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Highlands East. 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 1507 Old Folks Dr changed?
No — 1507 Old Folks Dr is still listed at its original asking price of $649,999.
How many bedrooms and bathrooms does 1507 Old Folks Dr have?
1507 Old Folks Dr has 2 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in Highlands East.
How much would the monthly mortgage be on 1507 Old Folks Dr?
About $3,193 a month — principal and interest on $649,999 with 20% down ($130,000), 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 1507 Old Folks Dr compare with other homes in Highlands East?
Its asking price of $649,999 is about 61% above the median sold price in Highlands East over the last 90 days, $402,500, across 68 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 1507 Old Folks Dr been sold before?
Yes — Summitly has 1 earlier MLS® listing of 1507 Old Folks Dr on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 1507 Old Folks Dr?
1507 Old Folks Dr is in Highlands East, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1507 Old Folks Dr been on the market?
52 days — 1507 Old Folks Dr was listed on August 31, 2026.
What is the price per square foot of 1507 Old Folks Dr?
About $433 to $591 per square foot: the asking price of $649,999 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 1507 Old Folks Dr have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
Does 1507 Old Folks Dr have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
