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Coldwell Banker Summit Realty

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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

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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 208 daysPrice drop · $370,000 off (-11.6%)

    40 Island 810

    Baxter·Georgian Bay, ON·P0E 1E0·Near Bluewater Marina

    • 4 beds
    Georgian Bay real estate›X12131584
    • 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

    Situated on Royal Island, This 17.75 acre Island was once home to the bustling Royal Hotel. Known for its second storey Veranda, this hotel attracted guests locally and from around the world with its gorgeous views and accessible yet private location. The hotel would welcome the local steam ships from Georgian Bay, offering solid ground for adventuresome travellers to catch up on a peaceful nights rest and local cuisine. Now, The island has been broken into 7 separate lots which have recently been developed into beautiful new lake homes, each home complementing the other. Driftaway lakehouse is one of these homes. Arguably one of the best lots on the Island, the property faces West into the year round sunset, yet is protected by island dotted views from the prevailing winds. Although an Island, access to Driftaway Lakehouse is done with ease. A very short boat ride from a local Marina, brings you to a large dock, and gravel golf cart path, making weekend logistics as simple as possible. The land itself slopes upwards toward the cottage allowing for expansive views from the elevated deck spanning the entire length of the home and offering a sunken hot tub, dining area, covered porch lounge and access to the interior at six different points. The landscaping has been kept simple yet pleasing to keep maintenance to a minimum. Access to the crawlspace storage from the waterside and attached garage allow for easy winterizing and summerizing. Inside, this thoughtfully designed home offers views and natural light from each and every room. Separate bedroom wings allow for privacy and comfort, while the common space is large, welcoming, and connected to the outdoor space seamlessly. All finishes and infrastructure have been chosen and used with no regard for costs. Quality and craftsmanship were paramount in the execution of the structure. Rest assured your island property is safe, sound, and secure until the next time you're back to watch the sunset.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    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
    Jul 19, 2026Price reducedCurrentReduced$2,829,000−$370,000 (11.6%)X12131584This page
    Apr 30, 2026Previously listedNew$2,499,999 —X13065358View
    May 7, 2025ListedCurrentFor sale$3,199,000 —X12131584This page
    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

      5
      Heating
      Forced Air
      Air conditioning
      Central Air
      Fireplaces
      3
      Water source
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 40 Island 810
    What's nearby

    Points of interest classified by the MLS® feed.

    • Lake Access
    • Waterfront
    • Wooded/Treed
    • Island
    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
    $13,898
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $175
    0.07% mill rate · ON
    The market

    How this home sits in the Georgian Bay market

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

    The Georgian Bay market right now

    Average sold price, days on market, and closed-transaction count for Georgian Bay — sourced from MLS®.

    • Avg sold price
      —
      Last 30 days
    • Median sold price
      —
      Middle of the market
    • Days on market
      —
      Avg from list to close
    • Closed last 30d
      —
      MLS® transactions
    Full Georgian Bay market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 40 Island 810 — 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 40 Island 810 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 40 Island 810 listed for?

      40 Island 810 is listed at $2,829,000 on the MLS® (listing X12131584). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 40 Island 810 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. 3 baths
  2. 2000-2500 sqft
  3. Detached
  4. Built 0-5
  5. 2-4.99 ac lot
  6. Asking
    $2,829,000
    $0 / sqft · MLS® X12131584
    Chat Zara
  7. Zara AI Estimate
    Live valuation

    Not enough neighbourhood comparable data yet to estimate this listing. Chat with Zara for a private valuation.

    Ask Zara
    Market analytics

    Live market data for Georgian Bay.

    Avg sold price
    —
    Median sold
    —
    Avg days on market
    —
    Recently sold
    —
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    AI highlights by Zara
    • Known for its second storey Veranda, this hotel attracted guests locally and from around the world with its gorgeous views and accessible yet private location.
    • Arguably one of the best lots on the Island, the property faces West into the year round sunset, yet is protected by island dotted views from the prevailing winds.
    • Access to the crawlspace storage from the waterside and attached garage allow for easy winterizing and summerizing.
    • Inside, this thoughtfully designed home offers views and natural light from each and every room.
    Ask Zara a follow-up
    Other
    Sewer
    Septic
  8. Parking & garage

    3
    Garage
    Attached
    Garage spaces
    1
    Parking spaces
    3
  9. Interior

    7
    Basement
    Other
    Family room
    Y
    Kitchens
    1
    Total rooms
    12
    Laundry level
    Main Level
    Elevator
    N
    Accessibility
    N
  10. Exterior & construction

    6
    Exterior
    Wood
    Roof
    Metal
    Foundation
    Concrete, Insulated Concrete Form
    View
    Beach, Water, Trees/Woods, Clear
    Waterfront
    Y
    Pool
    None
  11. Lot & land

    2
    Year built
    0-5
    Zoning
    SRI1
  12. Listing & possession

    3
    Possession
    2025-05-01T00:00:00.000-00:00
    Property style
    Bungalow
    Property class
    Detached
  13. Room-by-room · 12 rooms

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

    Room dimensions

    Main level

    12 rooms
    • Bathroom
      3 Pc Bath
      9.8 × 6.6 ft
    • Bedroom 2
      13.4 × 12.1 ft
    • Primary Bedroom
      19.6 × 12.9 ft
    • Bedroom 3
      12.9 × 11.2 ft
    • Sunroom
      17.6 × 13.9 ft
    • Great Room
      18.4 × 19.0 ft
    • Mud Room
      8.2 × 6.4 ft
    • Laundry
      9.8 × 6.6 ft
    • Bedroom 4
      17.9 × 11.2 ft
    • Kitchen
      16.2 × 15.9 ft
    • Bathroom
      4 Pc Ensuite
      12.9 × 5.5 ft
    • Bathroom
      3 Pc Bath
      5.4 × 8.2 ft
    Combined estimate
    $14,073
    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
    $13,898
    /mo
    based on the purchase price of $2,829,000
    $565,800 cash
    $2,263,200 financed
    $1,906,208 total interest
    Monthly payment$13,898/ month
    Principal54%$2,263,200
    Interest46%$1,906,208

    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 and real property tax.

    Comparable detacheds that just sold in Georgian Bay

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

    • 524 Honey Harbour Road
      Sold
      Sign in for price
      524 Honey Harbour Road
      Detached
    • 185 WOODLAND Trail
      Sold
      Sign in for price
      185 WOODLAND Trail
      Detached
    • 6394 Go Home Lake Shore
      Sold
      Sign in for price
      6394 Go Home Lake Shore
      Detached
    • 17470 Georgian Bay Shore
      Sold
      Sign in for price
      17470 Georgian Bay Shore
      Detached
    • 60 Hawkins Point Road
      Sold
      Sign in for price
      60 Hawkins Point Road
      Detached
    • 495 Webster's Lane
      Sold
      Sign in for price
      495 Webster's Lane
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    40 Island 810This home4 / 320,002,500$2,829,000ask———
    524 Honey Harbour Road3 / 21,100—
    185 WOODLAND Trail4 / 21,100—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Georgian Bay

    Active listings within ±20% of this asking price.

    • 19 Huron Trail
      $2,450,000
      19 Huron Trail
      Detached 7 4
    • 257 Sweets Portage Road
      $3,150,000
      257 Sweets Portage Road
      Detached 3 3
    • 257 Big Rock Road
      $2,995,000
      257 Big Rock Road
      Detached 4 2
    • 2 IS 2390
      $2,500,000
      2 IS 2390
      Detached 5 3
    • 40 Island 810
      $2,499,999
      40 Island 810
      Detached 4 3
    • 202 Whites Falls Road
      $2,799,000
      202 Whites Falls Road
      Detached 4 5
    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.

  14. One team, no handoffs

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

  15. Showings on YOUR schedule

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

  16. Mortgage that closes

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

  17. Public listing courtesy of Forest Hill Real Estate Inc. · displayed on Summitly per MLS® data-share rules

    40 Island 810 is a 4-bedroom, 3-bath, 2000-2500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  18. When was 40 Island 810 built?

    40 Island 810 was built in 0-5. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  19. What is the property tax for 40 Island 810?

    The 'Property tax' tab in the History section shows the most recent annual tax for 40 Island 810 plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  20. How much would the monthly mortgage be on 40 Island 810?

    The affordability calculator on this page shows an estimated monthly mortgage for $2,829,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  21. Has 40 Island 810 been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 40 Island 810 with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  22. What neighbourhood is 40 Island 810 in?

    40 Island 810 is in Baxter, Georgian Bay. The 'Neighbourhood' section below links to the live Georgian Bay real estate hub with average sold price, days on market, and current inventory.

  23. Is Georgian Bay a good place to live?

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

  24. 6394 Go Home Lake Shore
    6 / 2
    1,100
    —
    17470 Georgian Bay Shore3 / 22,000—
    60 Hawkins Point Road4 / 43,000—
    495 Webster's Lane3 / 1700—