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Listed 3 months ago

687 Innisfil Beach Road

Alcona, Innisfil

$2,250,000

Detached|2-Storey
3 | 3 | 6
About this home

Top 5 Reasons You Will Love This Home: 1) Prime lakefront location directly across from Innisfil Beach Park with effortless access to the sparkling shores of Lake Simcoe, delivering an exceptional year-round lifestyle and outstanding rental appeal 2) Four fully equipped and thoughtfully designed units, including a main cottage and three private self-contained cabins, offering a generous total sleeping capacity of 23, perfectly suited for lucrative short-term rentals, multi-family gatherings, or an upscale boutique retreat 3) Beautifully renovated main cottage featuring a bright open-concept layout, three spacious bedrooms and three bathrooms, oversized windows framing breathtaking lake views, and two expansive decks ideal for entertaining and relaxing by the water 4) Rare mixed-use zoning providing unmatched flexibility for residential and commercial use, with exciting potential to build up to six stories, add an additional unit, or introduce a charming café or retail space 5) Steps from sought-after local attractions, including Friday Harbour Resort, Georgian Downs, Innisfil Town Square, and Sunset Speedway, creating a strong appeal for both visitors and long-term tenants. 1,619 fin.sq.ft.

Extras

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$6,246
Lot Size146 ft x 100 ft
mls© NumberN13127888
Listed ByFARIS TEAM REAL ESTATE BROKERAGE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$11,517
Property tax
$521
Heat allowance
$150
Housing costs
$12,187 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $450,000
25-yr amortization

Income needed

$375,000

gross annual household income

Payment at 4%
$9,468 / mo
Cash down
$450,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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