16982 Lake Despair
Rainy River Remote Area, ON P0W 1C0
- 2Bedrooms
- 1Bathroom
- 0Garage
- —Sq Ft
- $215Tax
- 2,707 ftLot frontage
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 16982 Lake Despair, Rainy River Remote Area
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-07-13 | 2025-08-14 | Login to See Prices | Sold | x13256140 |
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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 16982 Lake Despair, Rainy River Remote Area
Summarized Description
- Unique off-grid island retreat on Lake Despair
- Cozy solar powered 2-bedroom cabin
- Stunning views from wrap around deck
- Private sheltered dock for lake access
- Includes multiple useful outbuildings
- Ideal for fishing and total privacy
- Perfect for creating lasting family memories
Escape to your own off-grid paradise with this Lake Despair 4 acre island featuring a cozy 2-bedroom, solar powered cabin. Originally built is 1975 with a later addition of a sitting room and 2-piece bath, it's the perfect rustic retreat. Enjoy stunning views from the wrap around deck and a sheltered dock for easy lake access. Outbuildings include a workshop, storage shed, generator shed, shower house, and outhouse. Fantastic fishing, total privacy, and yeaers of family memories make this a rare find.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $215
- Land Transfer Tax Fee
- $2,215
Rental Items
- Rental Equipment
- Assignable, dock space at landing. Approx $90/year
- Basement Type
- None
Interior Features
- Interior Extras
- Other
- Fireplace/Stove
- Yes
- Fireplace Features
- Wood
- Elevator
- No
Exterior Features
- Exterior Extras
- Deck
- Pool
- None
Building
- Building Type
- Detached
- Building Style
- Bungalow
Construction
- Exterior Finish
- Wood
- Roof
- Asphalt Shingle
- Foundation Details
- Post & Pad
- Special Designation
- Other
Lot
- Lot Front
- 2706.69 ft
- Lot Size
- 4.7
Inclusions
- Inclusions
- Boat and motor at landing and all furniture and fixtures on property besides personal effects.
Exclusions
- Exclusions
- 8 hp Yamaha motor in shed and 14’ boat, 2 kayaks, homemade cribbage table
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
Heating & Cooling
- Heat Source
- Wood
- Heat Type
- Other
- Air Conditioning
- Other
- Water
- Other
- Sewers
- Other
- Bedrooms
- 2
- Washrooms
- 1
- Kitchens
- 1
Room sizes
- Living Room15.9 x 13.8Main level
- Primary Bedroom9.4 x 7.9Main level
- Kitchen7.10 x 7.6Main level
- Bedroom 29.4 x 7.8Main level
- Dining Room7.9 x 7.7Main level
- Other—Main level
- Bathroom2 piecesMain level
Washrooms
- 2-piece, Main
- Municipality
- Rainy River Remote Area
- Main cross streets
- North from Lake Depsair landing. Ask listing Realtor for a pin drop.
- Directions
- North from Lake Depsair landing. Ask listing Realtor for a pin drop.
- MLS® number
- X13256140
- Data source
- tbay
- Status change
- 2025-08-14
- Listed on
- 2025-07-13
- Days on market
- 32 days
- Co-op commission
- 3
- Seller
- Listed by
- RE/MAX NORTHWEST REALTY LTD.
Home Market Value
Current home valuation for 16982 Lake Despair, Rainy River Remote Area, , . Listed for $249,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 16982 Lake Despair, Rainy River Remote Area
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
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$12,450
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $9,462 | $6,947 | $5,926 | $0 |
=Total mortgage | $246,012 | $231,047 | $217,576 | $199,200 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $1,201monthly | $1,128monthly | $1,062monthly | $973monthly |
Land Transfer Tax
$2,215
$2,215
Around this home
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