Sold for:Sold Nov 10, 2025
$1,179,000

194 George Island

Killarney, ON P0M 2A0

Rural Residential SoldNot available

Property not available for sale or for rent.

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Sale & Price History for 194 George Island, Killarney

2025-06-20
2025-11-10
Sold
Price
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MLS#
x12239669

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 194 George Island, Killarney

Once In A Lifetime Dream At A Once In A Lifetime Property! Set on 10 acres of lush, treed waterfront land, this exceptional site offers privacy, exclusivity, and breathtaking natural beauty. Our expansive docking area includes 428 feet of pristine waterfront, stretching along the majestic shoreline and wrapping around the abutting peninsula known as Ashwood creating your very own sheltered bay and sandy beach! Our retreat is located in the famous Town of Killarney just a stones throw away by water access. A truly unique site, this is simply the Best of the Best. We are a remarkable family compound located on Killarney Channel of Lake Huron, boasting a million-dollar vista. This spectacular property is nestled within the breathtaking views of the La Cloche Mountains and graced by the pristine, crystal-blue waters. A truly rare, private lakefront estate situated in the heart of Killarney on the highly sought-after and iconic George Island. Our three-parcel site was transformed into a stunning family compound by our current owner now offering 4 independent accommodation units, each complementing the others beautifully. The main cottage welcomes you with a glass-enclosed sunroom at the entry, offering incredible views and a bright, bug-free space to unwind. As you enter the main cabin, you're greeted by a gourmet, open-concept kitchen and vaulted ceilings all framed in beautiful wood, creating a warm and welcoming environment. The main living area features a cozy family room with a wood stove, exuding character and comfort. The cottage includes two generous bedrooms with high ceilings, two updated bathrooms, and a recently added Walton-sized dining area with a two-piece bath and walk-in pantry. Many memories have been made in this light-filled family dining area, which could also be easily converted into a third primary bedroom with ensuite and closet (currently used as the pantry).Please visit my website for more details!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,595
Land Transfer Tax Fee
$20,055

Basement Type
None

Interior Features

Laundry Level
Main Level
Interior Extras
Other
Fireplace/Stove
Yes
Fireplace Features
Wood Stove
Elevator
No

Exterior Features

Pool
None
Property Features
Lake Access, Waterfront, Wooded/Treed
Other Structures
Shed

Building

Building Type
Rural Residential
Building Style
Bungalow

Construction

Exterior Finish
Wood
Roof
Asphalt Shingle
Foundation Details
Other
Special Designation
Unknown

Lot

Lot Front
428.00 ft
Lot Depth
1419.00 ft

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
0
Total Garage And Parking Spaces
0

Heating & Cooling

Heat Source
Electric
Heat Type
Baseboard
Air Conditioning
None
Water
Other
Sewers
Septic
Natural Gas
No
Hydro
Yes
Cable
No
Telephone
No

Bedrooms
5
Washrooms
3
Kitchens
1

Room sizes

  • Bedroom—
    Main level
  • Bedroom—
    Main level
  • Bedroom—
    Main level
  • Bedroom—
    Main level
  • Bedroom—
    Main level
  • Bathroom—
    Main level, 4 Pc Bath
  • Bedroom—
    Main level, 2 Pc Bath
  • Bathroom—
    Main level, 4 Pc Bath
  • Bathroom—
    Main level, 2 Pc Bath

Washrooms

  • 4-piece
  • 2-piece
  • 4-piece

Municipality
Killarney
Main cross streets
Channel Street
Zoning
WR
Directions
From HWY 64 Exit Killarney Turn off. Drive all the way into town. Boat across to George Island #194
Waterfront
Direct

MLS® number
X12239669
Data source
Toronto Regional Real Estate Board
Status change
2025-11-10
Listed on
2025-06-20
Days on market
143 days
Possession date
2025-07-25
Possession type
Flexible
Co-op commission
2.5+ Hst
Seller
Listed by
Narozanski North Realty Inc

Home Market Value

Current home valuation for 194 George Island, Killarney, , . Listed for $1,179,000

HOMEH Estimate

?

$724,000

Estimated Sales Range

?

$506,800 - $941,200

HOMEH Estimate for 194 George Island, Killarney

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$724,000Low confidence
Based on 2 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Minimum Down Payment Required:7.9%

5% on first $500K + 10% on $679,000 over $500K

Minimum down payment

$92,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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%
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%
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%
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+CMHC insurance
$43,434$32,894$28,060$0
=Total mortgage
$1,129,293$1,093,994$1,030,210$943,200
Amortization
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Payment frequency
=Mortgage payment
$5,514monthly$5,341monthly$5,030monthly$4,605monthly
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Land Transfer Tax

Provincial

$20,055

Total Land Transfer Tax

$20,055

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