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Lots & Land in Kapuskasing
About 197 Ouellette Bay Road
Huge vacant land located in the remi lake area. Accessible year-round, this property offers you the perfect place to built your dream home. There is approximately 30 acres of open field ready to farm and approximately 120 acres of mature standing timber with a mix of conifers and deciduous trees. There is also 3 cold storage if you need a place to park your winter and summer toys. STORAGE 1, 24X38. STORAGE 2, 24X33. STORAGE 3, 16X32. Great location great piece of land only minutes away from remi lake.
Kapuskasing land priced at $195,000 — book a tour to see if it fits your search.
Inside 197 Ouellette Bay Rd
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
6455702.84
Listing & possession
Property class
Vacant Land
197 Ouellette Bay Rd 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
$958
/mo
based on the purchase price of $195,000
$39,000 cash
$156,000 financed
$131,393 total interest
Principal54%$156,000
Interest46%$131,393
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.
For homeowners nearby
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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.
Average days on market47Homes sold in about 47 days on average.
Sale-to-list ratio93.3%On average, homes sold below asking.
Active listings80Homes for sale here right now.
Median vs prior 90 days+7.8%Compared with May 6 – Aug 4, 2026: prices up.
Based on 48 sales from Aug 4 – Nov 2, 2026 (31 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 197 Ouellette Bay Rd
How much is 197 Ouellette Bay Rd listed for?
197 Ouellette Bay Rd is listed at $195,000 (MLS® T13582416). Summitly updates the price as soon as the MLS® record changes.
Has the price of 197 Ouellette Bay Rd changed?
Yes — it was first listed at $210,000 and is now $195,000, a drop of $15,000 (7.1%).
How many bedrooms and bathrooms does 197 Ouellette Bay Rd have?
The listing for 197 Ouellette Bay Rd doesn't publish its bedroom and bathroom count. It is a lot in Kapuskasing.
How much would the monthly mortgage be on 197 Ouellette Bay Rd?
About $958 a month — principal and interest on $195,000 with 20% down ($39,000), 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 197 Ouellette Bay Rd compare with other homes in Kapuskasing?
Its asking price of $195,000 is about 22% below the median sold price in Kapuskasing over the last 90 days, $250,000, across 48 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 197 Ouellette Bay Rd been sold before?
Summitly has no earlier MLS® sale or lease of 197 Ouellette Bay Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 197 Ouellette Bay Rd?
197 Ouellette Bay Rd is in Kapuskasing, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 197 Ouellette Bay Rd been on the market?
105 days — 197 Ouellette Bay Rd was listed on July 20, 2026.
What is the lot size of 197 Ouellette Bay Rd?
The lot is 100 acres, as published in the listing.
What is the land transfer tax on 197 Ouellette Bay Rd?
About $1,675 in Ontario land transfer tax at the asking price of $195,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 197 Ouellette Bay Rd or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 197 Ouellette Bay Rd?
The listing for 197 Ouellette Bay Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Kapuskasing.