Some cottages make you wait for the view. This one doesn't.Walk through the door and Wollaston Lake is right there in front of you. Thoughtfully updated and fully winterized, this 3-bedroom, 2-bath cottage has been set up to be comfortable, practical and easy to enjoy in every season.The main living space is open and bright, with the kitchen, dining and living areas all oriented toward the lake and opening onto a large waterfront deck. In summer, you have 100 feet of private shoreline with deep, clear water for swimming and boating. When the weather turns cooler, the wood stove makes the family room the place you'll want to be.There's plenty of useful space beyond the cottage too. A dry boathouse keeps the waterfront gear out of the way, while the garage/workshop and large loft above give you room for projects, a games room, gym, studio or whatever else you need cottage space for.The primary bedroom has its own ensuite with a generous walk-in shower, and a Generac automatic backup generator takes some of the worry out of winter weather and power outages.But the setting is what ties it all together: big Wollaston Lake views, deep water off the shoreline and a cottage that's already set up to enjoy year-round.Come for the view. Stay because everything else works.
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $814 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 398 Gilbert Bay Lane
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
10 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
10
Interior
Basement
None
Lot & land
Lot size (sqft)
0.373
Listing & possession
Property style
Bungalow
Property class
Detached
398 Gilbert Bay Lane Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13875842$895,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 398 Gilbert Bay Lane Compares to the Wollaston Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$4,397
/mo
based on the purchase price of $895,000
$179,000 cash
$716,000 financed
$603,060 total interest
Principal54%$716,000
Interest46%$603,060
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 PropTx 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 PropTx 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 PropTx, 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 398 Gilbert Bay Lane
Market pulse · Wollaston
Median sold price$329,500Last 90 days
Average days on market53Homes sold in about 53 days on average.
Sale-to-list ratio95.4%On average, homes sold below asking.
Active listings25Homes for sale here right now.
Median vs prior 90 days−33.4%Compared with Apr 11 – Jul 10, 2026: prices down.
Based on 6 sales from Jul 10 – Oct 8, 2026 (7 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 398 Gilbert Bay Lane
How much is 398 Gilbert Bay Lane listed for?
398 Gilbert Bay Lane is listed at $895,000 (MLS® X13875842). Summitly updates the price as soon as the MLS® record changes.
Is $895,000 a good price for 398 Gilbert Bay Lane?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Wollaston. 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 398 Gilbert Bay Lane changed?
No — 398 Gilbert Bay Lane is still listed at its original asking price of $895,000.
How many bedrooms and bathrooms does 398 Gilbert Bay Lane have?
398 Gilbert Bay Lane has 3 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Wollaston.
How much would the monthly mortgage be on 398 Gilbert Bay Lane?
About $4,397 a month — principal and interest on $895,000 with 20% down ($179,000), 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 398 Gilbert Bay Lane compare with other homes in Wollaston?
Its asking price of $895,000 is about 172% above the median sold price in Wollaston over the last 90 days, $329,500, across 6 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 398 Gilbert Bay Lane been sold before?
Summitly has no earlier MLS® sale or lease of 398 Gilbert Bay Lane on record from the last two years. Older records aren't shown under TRREB rules.
Where is 398 Gilbert Bay Lane?
398 Gilbert Bay Lane is in Wollaston, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 398 Gilbert Bay Lane been on the market?
398 Gilbert Bay Lane was listed today (October 8, 2026).
What is the price per square foot of 398 Gilbert Bay Lane?
About $597 to $814 per square foot: the asking price of $895,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 398 Gilbert Bay Lane have parking or a garage?
Yes — the listing gives 10 parking spaces. Garage: Yes.
Does 398 Gilbert Bay Lane have a basement, and is it finished?
The listing says 398 Gilbert Bay Lane has no basement.
