A Lake Joseph inspired, finished property on the big waters of Georgian Bay. Enjoy the best boating, fishing, swimming and exploring the 30,000 islands of Georgian Bay. Travel by boat to the local restaurants or supermarkets and enjoy the water lifestyle and beauty of the ever changing landscapes. A rare beachfront property that is shallow and ideal for families. Just 5 minutes from the marina that has a pool, your experience begins on the included 21 foot bowrider. Arrive to the island after enjoying spectacular views and waving to your neighbors as you cruise by. The 3 bedroom, 2 bath cottage has been completely gutted and transformed into a turnkey high end property. New flooring, new kitchen, new appliances, new furniture, new bathrooms and pot lights throughout. With the bonus of a Muskoka room for extra sleeping quarters or peaceful retreat. This cottage can sleep up to 10 people comfortably. The hot tub extends your days outdoors into the evenings with sounds of laughter and joy from the kids. Inside turn on Netflix and watch movies on the 75 big screen. High speed internet when working remotely is top notch. This is more than a cottage, its a lifestyle!
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $818 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 58 Methodist Island
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
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)
0.41
Listing & possession
Property style
Bungalow
Property class
Detached
58 Methodist Island Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® S13588020$899,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 58 Methodist Island Compares to the Tay Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$4,421
/mo
based on the purchase price of $899,900
$179,980 cash
$719,920 financed
$606,362 total interest
Principal54%$719,920
Interest46%$606,362
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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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 market39Homes sold in about 39 days on average.
Sale-to-list ratio94.7%On average, homes sold below asking.
Active listings145Homes for sale here right now.
Median vs prior 90 days−5.2%Compared with May 11 – Aug 9, 2026: prices down.
Based on 69 sales from Aug 9 – Nov 7, 2026 (61 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 58 Methodist Island
How much is 58 Methodist Island listed for?
58 Methodist Island is listed at $899,900 (MLS® S13588020). Summitly updates the price as soon as the MLS® record changes.
Is $899,900 a good price for 58 Methodist Island?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Tay. 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 58 Methodist Island changed?
No — 58 Methodist Island is still listed at its original asking price of $899,900.
How many bedrooms and bathrooms does 58 Methodist Island have?
58 Methodist Island has 3 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Tay.
How much would the monthly mortgage be on 58 Methodist Island?
About $4,421 a month — principal and interest on $899,900 with 20% down ($179,980), 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 58 Methodist Island compare with other homes in Tay?
Its asking price of $899,900 is about 62% above the median sold price in Tay over the last 90 days, $557,000, across 69 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 58 Methodist Island been sold before?
Summitly has no earlier MLS® sale or lease of 58 Methodist Island on record from the last two years. Older records aren't shown under TRREB rules.
Where is 58 Methodist Island?
58 Methodist Island is in Tay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 58 Methodist Island been on the market?
109 days — 58 Methodist Island was listed on July 21, 2026.
What is the price per square foot of 58 Methodist Island?
About $600 to $818 per square foot: the asking price of $899,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 58 Methodist Island have a basement, and is it finished?
The listing says 58 Methodist Island has no basement.
What is the land transfer tax on 58 Methodist Island?
About $14,473 in Ontario land transfer tax at the asking price of $899,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
