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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 138 daysPrice drop · $60,000 off (-7.5%)

    1878 Island 1040

    Baxter·Georgian Bay, ON·P0E 1E0·Near N/A

    • 3 beds
    Georgian Bay real estate›X12828292
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    In about 1.5 hours from the GTA, you can be in Honey Harbour and then it's a 5 minute straight shot from the nearest marinas to this property by boat. The 1400 square foot cottage features 3 bedrooms, 2 bathrooms and a bright and open living / dining / kitchen area. Lover's Bay is a quiet inlet off the main channel where there is virtually no boat traffic even though it's so close to the inner harbour. The cottage is perched atop a vast granite hill and was designed to take advantage of the natural light and expansive views. There is excellent deep water at the dock for diving and swimming and if you are a watersports enthusiast, there are great locations for that in the immediate vicinity. Georgian Bay offers unlimited boating so you can take a day trip over to the town of Midland or, if you're looking for a longer boat ride, you could head up to Henry's or Parry Sound. If you want to use your cottage in the winter, this one is fully winterized and can be accessed by snowmobile or even on foot in the winter once the ice is safe. There are even services to get you there and back by scoot or hovercraft in the winter and water taxis in the summer.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jul 14, 2026Price reducedCurrentReduced$739,000−$60,000 (7.5%)X12828292This page
    Feb 27, 2026ListedCurrentFor sale$799,000 —X12828292This page
    Aug 18, 2025Previously listedExp$799,000 —X12351582View
    Mar 12, 2025Previously listedTer$899,000 —X12014509View
    Mar 20, 2024Previously listedExp$1,100,000 —X10434289View
    Jun 15, 2023Previously listedExp$1,100,000 —X6161096View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Baseboard
      Air conditioning
      None
      Water source
      Other
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 1878 Island 1040
    What's nearby

    Points of interest classified by the MLS® feed.

    • Island
    • Marina
    • Wooded/Treed
    • Waterfront
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $3,630
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $331
    0.54% mill rate · ON
    The market

    How this home sits in the Georgian Bay market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Georgian Bay market right now

    Average sold price, days on market, and closed-transaction count for Georgian Bay — sourced from MLS®.

    • Avg sold price
      —
      Last 30 days
    • Median sold price
      —
      Middle of the market
    • Days on market
      —
      Avg from list to close
    • Closed last 30d
      —
      MLS® transactions
    Full Georgian Bay market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 1878 Island 1040 — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 1878 Island 1040 and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 1878 Island 1040 listed for?

      1878 Island 1040 is listed at $739,000 on the MLS® (listing X12828292). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 1878 Island 1040 have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 2 baths
  2. 1500-2000 sqft
  3. Detached
  4. .50-1.99 ac lot
  5. Asking
    $739,000
    $0 / sqft · MLS® X12828292
    Chat Zara
  6. Zara AI Estimate
    Live valuation

    Not enough neighbourhood comparable data yet to estimate this listing. Chat with Zara for a private valuation.

    Ask Zara
    Market analytics

    Live market data for Georgian Bay.

    Avg sold price
    —
    Median sold
    —
    Avg days on market
    —
    Recently sold
    —
    See comparable sales
    Walk through online
    Listing agent has provided two interactive tours
    Open virtual tourWatch video tour
    The 1400 square foot cottage features 3 bedrooms, 2 bathrooms and a bright and open living / dining / kitchen area.
  7. The cottage is perched atop a vast granite hill and was designed to take advantage of the natural light and expansive views.
  8. Ask Zara a follow-up
    Septic
  9. Parking & garage

    3
    Garage
    None
    Parking spaces
    0
    Driveway
    None
  10. Interior

    5
    Basement
    None
    Family room
    N
    Kitchens
    1
    Total rooms
    9
    Laundry level
    Main Level
  11. Exterior & construction

    6
    Exterior
    Metal/Steel Siding
    Roof
    Metal
    Foundation
    Piers
    View
    Bay, Forest, Marina, Panoramic, Water, Trees/Woods
    Waterfront
    Y
    Pool
    None
  12. Lot & land

    1
    Zoning
    SRI1
  13. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    1 Storey/Apt
    Property class
    Detached
  14. Room-by-room · 9 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Ground level

    9 rooms
    • Pantry
      9.9 × 3.6 ft
    • Utility Room
      11.6 × 5.7 ft
    • Living Room
      24.6 × 11.1 ft
    • Bedroom
      11.7 × 8.3 ft
    • Bedroom
      11.7 × 8.3 ft
    • Bathroom
      3 Pc Bath
      9.9 × 7.9 ft
    • Bedroom
      11.7 × 10.8 ft
    • Kitchen
      Combined w/Dining
      24.6 × 11.1 ft
    • Bathroom
      2 Pc Ensuite
      7.0 × 3.3 ft
    Combined estimate
    $3,961
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $3,630
    /mo
    based on the purchase price of $739,000
    $147,800 cash
    $591,200 financed
    $497,946 total interest
    Monthly payment$3,630/ month
    Principal54%$591,200
    Interest46%$497,946

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Georgian Bay

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 18152 Georgian Bay Shore
      Sold
      Sign in for price
      18152 Georgian Bay Shore
      Detached
    • 60 Hawkins Point Road
      Sold
      Sign in for price
      60 Hawkins Point Road
      Detached
    • 495 Webster's Lane
      Sold
      Sign in for price
      495 Webster's Lane
      Detached
    • 609 South Bay Road
      Sold
      Sign in for price
      609 South Bay Road
      Detached
    • 385 Crooked Bay Road
      Sold
      Sign in for price
      385 Crooked Bay Road
      Detached
    • 838 Kings Farm Road
      Sold
      Sign in for price
      838 Kings Farm Road
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    1878 Island 1040This home3 / 215,002,000$739,000ask———
    18152 Georgian Bay Shore2 / 2700—
    60 Hawkins Point Road4 / 43,000—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Georgian Bay

    Active listings within ±20% of this asking price.

    • 13626 Georgian Bay Shore
      $699,000
      13626 Georgian Bay Shore
      Detached 6 2
    • 7594 Severn River Shore
      $699,000
      7594 Severn River Shore
      Detached 3 1
    • 1146 Honey Harbour Road
      $799,999
      1146 Honey Harbour Road
      Detached 3 2
    • 4 ISLAND 20 YELLOWHEAD Island
      $679,000
      4 ISLAND 20 YELLOWHEAD Island
      Detached 3 2
    • 151 Macey Bay Road
      $849,000
      151 Macey Bay Road
      Detached 3 2
    • 157 Baxter Loop Road
      $649,900
      157 Baxter Loop Road
      Detached 3 2
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  15. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  16. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  17. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  18. Public listing courtesy of Royal LePage In Touch Realty · displayed on Summitly per MLS® data-share rules

    1878 Island 1040 is a 3-bedroom, 2-bath, 1500-2000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  19. When was 1878 Island 1040 built?

    The year built for 1878 Island 1040 isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  20. What is the property tax for 1878 Island 1040?

    The 'Property tax' tab in the History section shows the most recent annual tax for 1878 Island 1040 plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  21. How much would the monthly mortgage be on 1878 Island 1040?

    The affordability calculator on this page shows an estimated monthly mortgage for $739,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  22. Has 1878 Island 1040 been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 1878 Island 1040 with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  23. What neighbourhood is 1878 Island 1040 in?

    1878 Island 1040 is in Baxter, Georgian Bay. The 'Neighbourhood' section below links to the live Georgian Bay real estate hub with average sold price, days on market, and current inventory.

  24. Is Georgian Bay a good place to live?

    Georgian Bay is one of ON's actively-tracked Summitly markets. The full Georgian Bay real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  25. 495 Webster's Lane
    3 / 1
    700
    —
    609 South Bay Road3 / 31,500—
    385 Crooked Bay Road4 / 1700—
    838 Kings Farm Road2 / 21,500—