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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
1-333-345-6868info@summitly.ca

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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 7 days

    5 Lake Drive

    Colborne·Ashfield-Colborne-Wawanosh, ON·N7A 0C6·Near Bluewater Hwy and West Coast Way

    • 2 beds
    Ashfield-Colborne-Wawanosh real estate›X13422184
    • 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

    Welcome to the Bluffs at Huron, Adult Land Lease Community located on the shores of Lake Huron. Offering spectacular sunsets and large clubhouse with wide range of activities to keep you active and entertained. Breathtaking bluff views and access to beach could be your very own slice of paradise! The Stormview Model NEW move-in ready bungalow with approx. 1400 square feet of light filled open concept living space. 2 beds 2 baths. Laminate flooring throughout. Radiant in floor heating throughout plus forced air gas furnace and central air conditioning to keep you comfortable year round. Kitchen features 4 modern stainless steel appliances, island and walk in pantry for ample storage. West facing Sunroom with large windows and patio doors allow plenty of natural light and easy access to concrete patio and backyard. Generous Front Living Room with options for furniture configuration. Master bedroom boasts an ensuite with walk in shower. Main bath with tub surround. Attached garage with interior and exterior doors. Ready for a quick possession, move in this year. $30,000.00 options and upgrades included! Listed price has been adjusted to include Builder Incentive of $25,000 off the purchase price, Limited Time Offer

    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
    Jun 8, 2026ListedCurrentFor sale$442,900 —X13422184This page
    Aug 6, 2025Previously listedExp$467,900 —X12331499View
    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
      Radiant
      Air conditioning
      Central Air
      Water source
      Well
      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.

    📍 5 Lake Drive
    What's nearby

    Points of interest classified by the MLS® feed.

    • Beach
    • Golf
    • Hospital
    • Lake Access
    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
    $2,176
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $244
    0.66% mill rate · ON
    The market

    How this home sits in the Ashfield-Colborne-Wawanosh market

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

    The Ashfield-Colborne-Wawanosh market right now

    Average sold price, days on market, and closed-transaction count for Ashfield-Colborne-Wawanosh — sourced from MLS®.

    • Avg sold price
      $427,723
      Last 30 days
    • Median sold price
      $432,500
      Middle of the market
    • Days on market
      75 d
      Avg from list to close
    • Closed last 30d
      22
      MLS® transactions
    Full Ashfield-Colborne-Wawanosh market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 5 Lake Drive — 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 5 Lake Drive 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 5 Lake Drive listed for?

      5 Lake Drive is listed at $442,900 on the MLS® (listing X13422184). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 5 Lake Drive 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. 1100-1500 sqft
  3. Detached
  4. Built New
  5. Asking
    $442,900
    $0 / sqft · MLS® X13422184
    Chat Zara
  6. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $312,238
    $287,259Confidence range$337,217
    Asking vs estimate
    ↑↑well-above
    +$130,662
    (+41.8%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 2 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Ashfield-Colborne-Wawanosh sell in about 75 days — this one has been listed 7 days.

    Avg sold price
    $427,723
    Median sold
    $432,500
    Avg days on market
    75
    Recently sold
    22
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    Breathtaking bluff views and access to beach could be your very own slice of paradise!
  7. The Stormview Model NEW move-in ready bungalow with approx. 1400 square feet of light filled open concept living space. 2 beds 2 baths.
  8. Kitchen features 4 modern stainless steel appliances, island and walk in pantry for ample storage.
  9. West facing Sunroom with large windows and patio doors allow plenty of natural light and easy access to concrete patio and backyard.
  10. Ask Zara a follow-up
    Other
  11. Parking & garage

    4
    Garage
    Attached
    Garage spaces
    1.5
    Parking spaces
    3.5
    Driveway
    Private Double
  12. Interior

    5
    Basement
    None
    Family room
    Y
    Kitchens
    1
    Total rooms
    8
    Laundry level
    Main Level
  13. Exterior & construction

    4
    Exterior
    Concrete Poured, Vinyl Siding
    Roof
    Asphalt Shingle
    Foundation
    Poured Concrete
    Pool
    Community, Indoor, Inground
  14. Lot & land

    1
    Year built
    New
  15. Listing & possession

    3
    Occupancy
    30, 60, 90 Days
    Property style
    Bungalow
    Property class
    Detached
  16. Room-by-room · 7 rooms

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

    Room dimensions

    Main level

    7 rooms
    • Sunroom
      w/o to patio · open concept · sliding doors
      10.0 × 14.6 ft
    • Dining Room
      Open Concept
      15.7 × 14.6 ft
    • Bedroom 2
      closet · window
      8.8 × 11.3 ft
    • Living Room
      Open Concept
      14.8 × 14.6 ft
    • Kitchen
      open concept · stainless steel appl
      9.1 × 14.6 ft
    • Bathroom
      3 pc ensuite · window
      5.2 × 6.3 ft
    • Primary Bedroom
      walk-in closet(s) · ensuite bath
      13.3 × 14.2 ft
  17. Marina
  18. Rec./Commun.Centre
  19. Combined estimate
    $2,420
    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
    $2,176
    /mo
    based on the purchase price of $442,900
    $88,580 cash
    $354,320 financed
    $298,430 total interest
    Monthly payment$2,176/ month
    Principal54%$354,320
    Interest46%$298,430

    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.

    Comparable detacheds that just sold in Ashfield-Colborne-Wawanosh

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

    • 5 WINDWARD Way
      Sold
      Sign in for price
      5 WINDWARD Way
      Detached
    • 32 Albert Street
      Sold
      Sign in for price
      32 Albert Street
      Detached
    • 79 Albert Street
      Sold
      Sign in for price
      79 Albert Street
      Detached
    • 83405 Cedar Bank Drive
      Sold
      Sign in for price
      83405 Cedar Bank Drive
      Detached
    • 85435 Mcdonald Lane
      Sold
      Sign in for price
      85435 Mcdonald Lane
      Detached
    • 53 Arthur Lane
      Sold
      Sign in for price
      53 Arthur Lane
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    5 Lake DriveThis home2 / 211,001,500$442,900ask———
    5 WINDWARD Way2 / 21,100—
    32 Albert Street1 / 11,100—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Ashfield-Colborne-Wawanosh

    Active listings within ±20% of this asking price.

    • 242 Lake Breeze Drive
      $412,900
      242 Lake Breeze Drive
      Detached 2 2
    • 297 Lake Breeze Drive
      $502,900
      297 Lake Breeze Drive
      Detached 2 2
    • 73 William Street
      $479,900
      73 William Street
      Detached 4 3
    • 52 Cherokee Lane
      $399,999
      52 Cherokee Lane
      Detached 3 2
    • 24 Huron Heights Drive
      $499,900
      24 Huron Heights Drive
      Detached 2 2
    • 80 LAKE BREEZE Drive
      $479,000
      80 LAKE BREEZE Drive
      Detached 2 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.

  20. One team, no handoffs

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

  21. Showings on YOUR schedule

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

  22. Mortgage that closes

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

  23. Public listing courtesy of PMA BRETHOUR REAL ESTATE CORPORATION INC. · displayed on Summitly per MLS® data-share rules

    5 Lake Drive is a 2-bedroom, 2-bath, 1100-1500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  24. When was 5 Lake Drive built?

    5 Lake Drive was built in New. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  25. What is the property tax for 5 Lake Drive?

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

  26. How much would the monthly mortgage be on 5 Lake Drive?

    The affordability calculator on this page shows an estimated monthly mortgage for $442,900 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  27. Has 5 Lake Drive been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 5 Lake Drive with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  28. What neighbourhood is 5 Lake Drive in?

    5 Lake Drive is in Colborne, Ashfield-Colborne-Wawanosh. The 'Neighbourhood' section below links to the live Ashfield-Colborne-Wawanosh real estate hub with average sold price, days on market, and current inventory.

  29. Is Ashfield-Colborne-Wawanosh a good place to live?

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

  30. 79 Albert Street
    3 / 2
    1,500
    —
    83405 Cedar Bank Drive3 / 1700—
    85435 Mcdonald Lane5 / 21,100—
    53 Arthur Lane3 / 21,500—