$499,000
Gore Bay, Manitoulin Island
Gore Bay, Manitoulin Island, Ontario, P0P1H0
This 2-bedroom, 1-bathroom home in Gore Bay, Manitoulin Island is for sale offering roughly 900 sq ft of space. Listed at $499,000, it is attractively priced about 15% below the $588,000 median asking price in Gore Bay, Manitoulin Island.
Welcome to 700 Ice Lake Drive, situated on the picturesque west side of Ice Lake. This beautiful property spans approximately 1.5 acres, offering ultimate privacy and a tranquil atmosphere surrounded by a variety of mature trees. As you approach the property, you'll notice the ample amenities including a double car garage, several sheds for storage, a privy, a charming gazebo by the water's edge, and a cozy bunkie perfect for guests or a quiet escape. The year-round home features a walk-out basement, adding both convenience and additional living space. The basement boasts a spacious rec room with a wood stove, creating a warm and inviting space for family gatherings or relaxation. There is also a utility/laundry room for all your practical needs. The main floor of the home is designed with an open concept layout, seamlessly integrating the kitchen, dining, and living areas. The kitchen and dining areas are adorned with ceramic tile flooring, providing a clean and modern touch. The rest of the main floor, including the two large bedrooms, features beautiful pine flooring, enhancing the home's rustic charm. The main floor is completed with a well-appointed 3-piece bathroom. This property has been meticulously maintained and the pride of ownership is evident throughout, especially in the large deck overlooking the sparkling waters of Ice Lake, perfect for outdoor entertaining or simply enjoying the view. The home is clad in attractive cedar siding, blending harmoniously with the natural surroundings. 700 Ice Lake Drive is not just a home; it's a lifestyle. Whether you're seeking a peaceful year-round residence or a weekend getaway, this property offers the best of both worlds. Don't miss the opportunity to own this slice of paradise. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 175 days on market, against an average age of 126 days across the listings currently for sale in this city
This 2-bed single family in Gore Bay, Manitoulin Island is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $499,000, about 7.8× the local median household income of $64,000.
Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 52% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0P)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice




Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.