Waterfront homes are already high on the dream list — but what if they could pay you back while you enjoy them? With the right mortgage structure and short-term rental plan, a home like this one on Quirke Lake offers both lifestyle and smart financial returns.
This listing is shared courtesy of Oak Realty Ltd. and with full permission from the Sellers. Below, we’ll walk through a sample mortgage scenario (based on a $1,000,000 purchase), and project realistic Airbnb income potential based on local market rates and occupancy trends.
Scenario: Buying at $1,000,000 with 20% Down
Add estimated taxes, insurance, maintenance = $65,000–$70,000/year carrying cost
Rental Income Possibilities
Using conservative rates for a high-end lakefront short-term rental in Elliot Lake:
Assuming 30% operating costs (management, utilities, maintenance), you’d net around $52,000/year — more than covering the majority of annual ownership expenses.
Lifestyle + Financial Flexibility
Even if you only rent it out part-time, this property gives you options:
Use it as a family cottage and rent it during peak weeks
Run it full-time as an investment and block off time for personal use
Live in it seasonally while earning income the rest of the year
With 5 bedrooms, a sandy shoreline, a full walkout basement, and over 3,000 sf of usable space, this home ticks all the boxes for guests and owners.
Final Thoughts
Quirke Lake is a destination in every season. And with the right mortgage + short-term rental strategy, this home — shared with permission by Oak Realty Ltd. and the Sellers — could be a savvy move for your financial future and your lifestyle.
📩 Want to explore financing or Airbnb income strategies?
Reach out to us at yourmagnoliagroup.com or mortgagewithchar.com — we’ll help you crunch the numbers, explore local licensing, and decide if this is the lakefront opportunity for you.