$950,000

For sale

2831 HWY 89, Innisfil (Cookstown) - Single Family for Sale

2831 HWY 89, Innisfil (Cookstown), Ontario, L0L1L0

5 beds3 baths10 parking115 × 220 ft (25,300 sq ft) lot sizeListed 132 days ago

Overview

This 5-bedroom, 3-bathroom home in Innisfil is for sale. Its $950,000 asking price sits right in line with the $950,000 median in Innisfil.

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Description

Turn-key investment opportunity with immediate rental income! This approx. 2,400 sq. ft. raised bungalow features a separate entrance and fully finished walk-out basement-ideal for multi-unit living or extended family use. Offering 3+2 bedrooms and 3 bathrooms, the layout provides strong rental flexibility and future upside.Currently tenanted with reliable income of $2,700/month, making it an excellent addition to any investment portfolio or a great option for buyers looking to offset carrying costs.Situated on a desirable lot with a private backyard oasis, including a saltwater pool and fire pit-features that enhance tenant appeal and long-term value. Interior upgrades include a modernized kitchen, upgraded baseboards, and crown moulding, contributing to its move-in ready condition.Conveniently located minutes from Hwy 400, Tanger Outlets, and Gilford Beach, ensuring strong rental demand and lifestyle appeal. A solid income-producing property with both immediate cash flow and future potential. (id:66096)

Property Details

MLS®: N13490250
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Parking: 10
Lot Size: 115 × 220 ft (25,300 sq ft)
Frontage: 115 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Walk out, N/A
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Pool: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Games room: 2.84 x 3.54 meters
Kitchen: 7.2 x 3.85 meters
Dining room: 5.83 x 3.8 meters
Family room: 6.19 x 6.95 meters
Sunroom: 6.19 x 2.19 meters
Primary Bedroom: 5.15 x 3.72 meters
Bedroom 2: 3.34 x 3.06 meters
Bedroom 3: 3.35 x 3.7 meters
Recreational, Games room: 7.01 x 4.34 meters
Kitchen: 5.88 x 2.8 meters

Lower level

Features

Flooring: Laminate
Foundation: Poured Concrete
Exterior: Brick

Services

Water: Drilled Well
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

132d

Innisfil (Cookstown) listings, avg age

78d

List price

$950K

Haho

This 5-bed single family in Innisfil (Cookstown) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by CMI REAL ESTATE INC. · RAY OSTOVAR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L0L)

This home lists at $950,000, about 9.0× the local median household income of $106,000.

Carrying it typically needs a household income of about $185,568 (20% down, 25-yr amortization, stress-tested) — roughly 75% above the area median.

Median household income: $106,000
Population: 42,022
Median age: 46.8
Owner / renter: 89% / 11%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L0L)

$950,000

For sale

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Full Cost Breakdown

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Down Payment7.37% · $70,000

Min 7.37%50%

Mortgage payment$4,879/mo

↳ CMHC premium ($35,200 capitalized)

Property tax (est.)$533/mo

Total monthly$5,412

Cash Needed to Close

Down payment (7.37%)$70,000

Land transfer tax$15,475

Est. closing costs$5,350

Total cash needed$90,825

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