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New2 days ago

1087 Elm Road

Rural Innisfil, Innisfil

$739,900

Detached|Bungalow
2 | 2 | 6
About this home

Welcome to this charming 2-bedroom, 2-bathroom detached bungalow, nestled on a beautiful, private, tree-lined corner lot just a five-minute walk from the shores of Lake Simcoe, the beach and boat launch. Surrounded by mature trees and lush greenery, this inviting home offers a peaceful, cottage-like setting with the comfort of year-round living. Enjoy a spacious wooden deck, perfect for outdoor dining, entertaining or simply relaxing in the fresh air. The property also features a detached garage, two private driveways and ample parking. Located in a quiet lakeside neighbourhood, with easy access to swimming, boating, fishing and other outdoor activities. **An excellent investment opportunity with a proven track record of generating strong Airbnb rental income.** Whether you're looking for a year-round residence, a weekend getaway or an income-generating investment property, this home offers an exceptional opportunity to enjoy the Lake Simcoe lifestyle!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,870
Lot Size40.94 ft x 140.77 ft
mls© NumberN14085246
Listed BySUTTON GROUP-ADMIRAL REALTY INC.

Listing History

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  • 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%
$3,787
Property tax
$239
Heat allowance
$150
Housing costs
$4,176 / mo

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

Down payment20% · $147,980
25-yr amortization

Income needed

$129,000

gross annual household income

Payment at 4%
$3,114 / mo
Cash down
$147,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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