38 & 40 South Crane Lake Rd is a 4-bedroom, 2-bathroom detached home in The Archipelago, listed for $1,250,000. It has 1100-1500 sq ft of living space.
1Enjoy expansive lake views with spectacular sunset exposures.
2Power in place (including Fibe internet) and new septic permit issued.
3Recently severed into two separate waterfront lots, the property provides the unique opportunity to create a family compound or each parcel is available separately.
Very rare and coveted Crane Lake land, this exceptional 3.34 acre property offers 699 feet of shoreline with the rare advantage of year-round road access. Surrounded by Crown land on both sides and the shore road allowance owned, the setting provides an unmatched level of privacy. Enjoy expansive lake views with spectacular sunset exposures. The property features two grandfathered cottages, presenting great setbacks from the water offering outstanding future potential. Power in place (including Fibe internet) and new septic permit issued. Recently severed into two separate waterfront lots, the property provides the unique opportunity to create a family compound or each parcel is available separately.
4 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $1,136 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 38 & 40 South Crane Lake Rd
Every detail from the listing, in one place.
Type
Detached
Style
Other
Living space
1100-1500 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
3.4
Listing & possession
Property style
Other
Property class
Detached
38 & 40 South Crane Lake 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
$6,141
/mo
based on the purchase price of $1,250,000
$250,000 cash
$1,000,000 financed
$842,262 total interest
Principal54%$1,000,000
Interest46%$842,262
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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Similar homes for sale nearby in The Archipelago
Other 3–5 bed homes for sale in The Archipelago around $1.3M.
Average days on market53Homes sold in about 53 days on average.
Sale-to-list ratio94.9%On average, homes sold below asking.
Active listings61Homes for sale here right now.
Median vs prior 90 days−15.2%Compared with Apr 24 – Jul 23, 2026: prices down.
Based on 30 sales from Jul 23 – Oct 21, 2026 (11 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 38 & 40 South Crane Lake Rd
How much is 38 & 40 South Crane Lake Rd listed for?
38 & 40 South Crane Lake Rd is listed at $1,250,000 (MLS® X13542574). Summitly updates the price as soon as the MLS® record changes.
Is $1,250,000 a good price for 38 & 40 South Crane Lake Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in The Archipelago. 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 38 & 40 South Crane Lake Rd changed?
Yes — it was first listed at $1,350,000 and is now $1,250,000, a drop of $100,000 (7.4%).
How many bedrooms and bathrooms does 38 & 40 South Crane Lake Rd have?
38 & 40 South Crane Lake Rd has 4 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in The Archipelago.
How much would the monthly mortgage be on 38 & 40 South Crane Lake Rd?
About $6,141 a month — principal and interest on $1,250,000 with 20% down ($250,000), 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 38 & 40 South Crane Lake Rd compare with other homes in The Archipelago?
Its asking price of $1,250,000 is about 47% above the median sold price in The Archipelago over the last 90 days, $847,500, across 30 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 38 & 40 South Crane Lake Rd been sold before?
Summitly has no earlier MLS® sale or lease of 38 & 40 South Crane Lake Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 38 & 40 South Crane Lake Rd?
38 & 40 South Crane Lake Rd is in The Archipelago, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 38 & 40 South Crane Lake Rd been on the market?
105 days — 38 & 40 South Crane Lake Rd was listed on July 8, 2026.
What is the price per square foot of 38 & 40 South Crane Lake Rd?
About $833 to $1,136 per square foot: the asking price of $1,250,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 38 & 40 South Crane Lake Rd have a basement, and is it finished?
The listing says 38 & 40 South Crane Lake Rd has no basement.
What is the lot size of 38 & 40 South Crane Lake Rd?
The lot is 3.495 acres, as published in the listing.
