
588 Island 1040
Georgian Bay (Baxter), ON P0E 1E0
- 4Bedrooms
- 1Bathroom
- 0Garage
- 700–1100Sq Ft
- $1,591Tax
- 255×398 ftLot Size
- Estimated Value:$440,000See Free Estimate Report

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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 588 Island 1040, Georgian Bay, Baxter
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-22 | Login to See Prices | Sold | x13505398 |
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About 588 Island 1040, Georgian Bay, Baxter
Summarized Description
- Rare family legacy cottage on Georgian Bay
- 1.79 acres with 255 feet of waterfront
- Two newer bunkies for guests
- Includes boat ramp and expansive docks
- Screened-in porch for summer evenings
- Minutes from marinas and restaurants
- Timeless charm with modern improvements
- Perfect for creating family traditions
Welcome to Little Beausoleil Island, a rare family legacy cottage on the spectacular shores of Georgian Bay. Lovingly owned and cherished by the same family since the 1960s, this special waterfront retreat has been thoughtfully improved over the years while preserving its timeless cottage charm. Set on an exceptional 1.79-acre property with 255 feet of pristine waterfront, the main cottage features a welcoming living room with a cozy wood stove, kitchen, 4-piece bathroom, two bedrooms, and a screened-in porch perfect for relaxing summer evenings. Two newer bunkies provide plenty of space for family and guests-one with two beds, and the second offering two beds plus its own screened-in porch-comfortably sleeping 7-10+ people. Enjoy effortless waterfront living with a level walk to expansive docks, two sandy beach areas, deep water at the dock, and an included boat ramp with rollers, making it easy to launch and enjoy your watercraft. A large storage shed provides ample room for all your cottage essentials. Conveniently located on Little Beausoleil Island, just minutes from marinas, the boat launch, restaurants, and grocery stores, this is an extraordinary opportunity to own a beloved Georgian Bay retreat where memories have been made for generations and where your family can begin creating traditions of its own.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $1,591
- Land Transfer Tax Fee
- $6,473
Rental Items
- Rental Equipment
- None
- Under Contract
- None
- Basement Type
- None
Interior Features
- Interior Extras
- Water Heater Owned
- View
- Bay
- Fireplace/Stove
- Yes
- Fireplace Features
- Wood
- Elevator
- No
Exterior Features
- Exterior Extras
- Deck, Fishing, Porch, Recreational Area, Seasonal Living
- Pool
- None
- Property Features
- Island, Marina, Waterfront
- Other Structures
- Shed
Building
- Building Type
- Detached
- Building Style
- Bungalow
Construction
- Exterior Finish
- Wood
- Roof
- Asphalt Shingle
- Foundation Details
- Piers
- Special Designation
- Unknown
Lot
- Lot Front
- 255.00 ft
- Lot Depth
- 398.00 ft
- Lot Size
- 1.79
- Lot Shape
- Irregular
Inclusions
- Inclusions
- Refrigerator, Stove, Microwave, Freezer, Boat Ramp w/ Rollers, Docks. Furniture can be included.
Exclusions
- Exclusions
- Personal Items, Furniture in porch of back bunkie.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 0
Heating & Cooling
- Heat Source
- Wood
- Heat Type
- Other
- Air Conditioning
- None
- Water
- Other
- Sewers
- Septic
- Bedrooms
- 4
- Washrooms
- 1
- Kitchens
- 1
Washrooms
- 4-piece, Main
- Municipality
- Georgian Bay
- Neighbourhood
- Baxter
- Main cross streets
- Main Channel, Island 1040
- Directions
- By Boat - (Little Beausoleil) Main Channel across from Deer Island
- Waterfront
- Direct
- MLS® number
- X13505398
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-07-22
- Listed on
- 2026-06-30
- Days on market
- 22 days
- Possession type
- Immediate
- Co-op commission
- 3%
- Seller
- Listed by
- KELLER WILLIAMS EXPERIENCE REALTY
Home Market Value
Current home valuation for 588 Island 1040, Georgian Bay, Baxter, Georgian Bay, ON. Listed for $499,900
HOMEH Estimate
$440,000
Estimated Sales Range
$357,628 - $522,372
HOMEH Estimate for 588 Island 1040, Georgian Bay, Baxter
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$24,995
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $18,996 | $13,947 | $11,898 | $0 |
=Total mortgage | $493,901 | $463,857 | $436,813 | $399,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,411monthly | $2,265monthly | $2,133monthly | $1,953monthly |
Land Transfer Tax
$6,473
$6,473
Around this home
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