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Listed 1 month ago

687 Innisfil Beach Road

Alcona, Innisfil

$2,199,000

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

Top 5 Reasons You Will Love This Home: 1) Discover a once-in-a-lifetime opportunity on the shores of Lake Simcoe, offering an incredibly unique combination of waterfront lifestyle, income potential, and versatility with a main cottage and three private, self-contained cabins designed to accommodate up to 23 guests 2) Each of the four fully equipped units exudes contemporary finishes and its own inviting atmosphere, creating an exceptional setting for short-term rentals, multi-family getaways, extended family living, or the opportunity to establish a distinctive boutique retreat 3) At the heart of the property, the beautifully renovated main cottage is made for gathering, featuring three spacious bedrooms, three bathrooms, oversized windows capturing breathtaking lake views, and a modern kitchen flowing into an open-concept layout tailored to entertaining with ease, while two expansive decks extend the experience outdoors 4) Step outside and embrace an incredible lakeside lifestyle directly across from Innisfil Beach Park, where the sparkling waters of Lake Simcoe are just moments away, while Friday Harbour Resort, Georgian Downs, Innisfil Town Square, and Sunset Speedway add to the property's appeal for owners and guests 5) Adding another layer of possibility, rare mixed-use zoning provides exceptional flexibility for both residential and commercial uses, with potential to build up to six storeys, introduce an additional unit, or explore opportunities such as a café or retail space, creating an exciting foundation for the property's next chapter. 1,619 fin.sq.ft.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$6,246
Lot Size146 ft x 100 ft
mls© NumberN13768264
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%
$11,255
Property tax
$521
Heat allowance
$150
Housing costs
$11,926 / mo

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

Down payment20% · $439,800
25-yr amortization

Income needed

$367,000

gross annual household income

Payment at 4%
$9,254 / mo
Cash down
$439,800

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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