Parcel 24715 Gibson Lake Road S, Timmins

$1,400,000
Parcel 24715 Gibson Lake Road S

$1,400,000

New
93d
Other1 1/2 Storey

Parcel 24715 Gibson Lake Road S, Timmins

Total Monthly Obligation $6,052

Beds
2
Baths
1
Park
8
Sqft
< 700
DOM
93d
Property Type-Other
MLS® Number-T13591982
Beds-2
Bathrooms-1
Size-< 700 sqft
Lot Size-157 Acres
Listed on site-Jul 22, 2026
Style-1 1/2 Storey
Building Type-Other
Age-6-15
Taxes-$358.09 (2026)
Parking-8 - None
Basement-None
Brokerage-HOMELIFE OPTIMUM REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Wood
Roof-Metal
Foundation-Post & Pad
Sewer-Other
Possession-Flexible
Neighbourhood-TM - Outside East
Title-Residential Freehold

No agent assigned

THIS PROPERTY IS THE ONLY DEEDED PROPERTY ON HEART LAKE! Good road access from Gibson Lake Road, which is south, off of Hwy 101, to a gated private entrance. Heart lake offers clear pristine water and some sand beaches. Two cabins have been built on this property about 10-14 years ago. The cabins were located so that they are far enough away from each other that each cabin is very private. There are no electrical services to the property so you are totally OFF THE GRID. All existing cabins have been wired for generator. This property has over 7200 feet of shoreline! The lake has BROOK TROUT and SPLAKE and YELLOW PERCH. All buildings have low maintenance metal roofing. An investment property that we know is to surely go up in value over time. This is a drive to property in the UNORGANIZED township, of Sheraton. Located about 45 kilometers east of the City of Timmins and then 14 kilometers south on the Gibson Lake Road, so in total just under 60 kilometers from the City of Timmins. About a half hours scenic drive.

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Closing Costs

Mortgage Amount
$1,120,000
Land Transfer Taxes$24,475
Legal Fees (Est.)
$
Total cash required for closing$305,975

Total Monthly Obligation

$6,052/mo
Mortgage $5,647
Monthly Loss $4,566
Principal$1,486
Interest$4,161
Property Tax$30
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near Parcel 24715 Gibson Lake Road S

Time

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