Listed for:Listed 19 days ago
$895,000

398 Gilbert Bay Lane

Wollaston, ON K0L 1P0

Detached House For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 398 Gilbert Bay Lane, Wollaston

No listing history available

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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 398 Gilbert Bay Lane, Wollaston

Summarized Description

  • Stunning waterfront property with private shoreline.
  • Fully winterized for year-round enjoyment.
  • Open concept living space with lake views.
  • Wood stove for cozy winter gatherings.
  • Primary bedroom features ensuite with walk-in shower.
  • Generac generator for power outages.
  • Large deck perfect for summer activities.
  • Includes dry boathouse and garage/workshop.

Some cottages make you wait for the view. This one doesn't.Walk through the door and Wollaston Lake is right there in front of you. Thoughtfully updated and fully winterized, this 3-bedroom, 2-bath cottage has been set up to be comfortable, practical and easy to enjoy in every season.The main living space is open and bright, with the kitchen, dining and living areas all oriented toward the lake and opening onto a large waterfront deck. In summer, you have 100 feet of private shoreline with deep, clear water for swimming and boating. When the weather turns cooler, the wood stove makes the family room the place you'll want to be.There's plenty of useful space beyond the cottage too. A dry boathouse keeps the waterfront gear out of the way, while the garage/workshop and large loft above give you room for projects, a games room, gym, studio or whatever else you need cottage space for.The primary bedroom has its own ensuite with a generous walk-in shower, and a Generac automatic backup generator takes some of the worry out of winter weather and power outages.But the setting is what ties it all together: big Wollaston Lake views, deep water off the shoreline and a cottage that's already set up to enjoy year-round.Come for the view. Stay because everything else works.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,440
Land Transfer Tax Fee
$14,375

Rental Items

Rental Equipment
NA

Basement Type
None

Interior Features

Laundry Level
Main Level
Interior Extras
Carpet Free, Central Vacuum, On Demand Water Heater, Generator - Full, Water Treatment, Water Softener
View
Clear, Lake, Panoramic, Trees/Woods
Security Features
Alarm System, Carbon Monoxide Detectors, Smoke Detector
Fireplace/Stove
Yes
Fireplace Features
Wood Stove
Elevator
No

Exterior Features

Exterior Extras
Awnings, Fishing, Deck, Privacy, Year Round Living
Pool
None
Property Features
Campground, Clear View, Lake Access, Lake/Pond, Sloping, Waterfront
Other Structures
Workshop

Building

Building Type
Detached
Building Style
Bungalow

Construction

Exterior Finish
Vinyl Siding
Roof
Metal
Foundation Details
Piers
Special Designation
Unknown

Lot

Lot Front
100.00 ft
Lot Depth
184.00 ft
Lot Size
0.373

Inclusions

Inclusions
Blinds, Electric Light Fixtures, Appliances, Water Heater

Exclusions

Exclusions
Sellers Personal Items, Tools, Fishing Gear, Art, Keg Fridge

Parking & Garages

Garage Type
Detached
Garage Spaces
1
Parking Spaces
9
Total Garage And Parking Spaces
10

Heating & Cooling

Heat Source
Propane
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Well
Sewers
Septic
Hydro
Yes
Telephone
Available

Bedrooms
3
Washrooms
2
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Family Room—
    Main level
  • Bedroom 2—
    Main level
  • Living Room—
    Main level
  • Bedroom 3—
    Main level
  • Kitchen—
    Main level
  • Primary Bedroom—
    Main level
  • Pantry—
    Main level

Washrooms

  • 3-piece, Main

Municipality
Wollaston
Neighbourhood
Wollaston
Main cross streets
Hwy 620 & Ridge Rd
Directions
Hwy 620, Ridge Rd, Gilbert Bay Lane
Waterfront
Direct

MLS® number
X13875842
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-08
Updated on
2026-10-08
Days on market
19 days
Possession type
Flexible
Co-op commission
2.5% + HST
Seller
Listed by
Royal Lepage Real Estate Associates

Home Market Value

Current home valuation for 398 Gilbert Bay Lane, Wollaston, Wollaston, ON. Listed for $895,000

HOMEH Estimate

?

$665,000

Estimated Sales Range

?

$572,500 - $882,433

HOMEH Estimate for 398 Gilbert Bay Lane, Wollaston

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

$665,000Low confidence
Based on 11 comparable properties
+ $230,000 (35%) above our estimate
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

$
Wollaston, ON
Minimum Down Payment Required:7.2%

5% on first $500K + 10% on $395,000 over $500K

Minimum down payment

$64,500

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$33,187$24,971$21,301$0
=Total mortgage
$862,852$830,471$782,051$716,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$4,213monthly$4,055monthly$3,818monthly$3,496monthly
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Land Transfer Tax

Provincial

$14,375

Total Land Transfer Tax

$14,375

Around this home

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