684 Lakelands Avenue, Innisfil

$949,000
684 Lakelands Avenue

$949,000

Price Change
29d
Detached2-Storey

684 Lakelands Avenue, Innisfil

Total Monthly Obligation $4,630

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
29d
Score
16
Yield
3.9%
Cash on Cash
-6.9%
Cap Rate
3.1%
5Y IRR
10.1%
10Y IRR
10.3%
Property Type-Detached
MLS® Number-N13822150
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-47.11 × 100 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$5,127 (2026)
Parking-6 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER THE REAL ESTATE CENTRE
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-West
Exterior-Shingle , Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-tba
Neighbourhood-Alcona
Title-Residential Freehold

No agent assigned

*Directly across from a waterfront park with dock, seating & step-in access to Lake Simcoe - enjoy true lakeside living without the waterfront price tag. This extensively renovated home offers approx. 1,800 sq. ft. above grade, with high-end finishes throughout: 7" wide-plank hardwood, 10' solid wood doors, pot lights, premium lighting, a dramatic 20' foyer & custom staircase with iron spindles. The showpiece custom oak kitchen features ceiling-height cabinetry, quartz countertops, full-height custom backsplash, high-end appliances including an induction cooktop & an oversized 12-person island designed for entertaining. The living space is anchored by a new gas fireplace with custom mantle. Upstairs offers spacious bedrooms, including a primary suite with a large ensuite & custom walk-in closets; bathrooms feature custom cabinetry, quartz surfaces & glass showers. Major updates extend well beyond cosmetics with a new furnace, A/C, all-new windows & doors, new fence, decks, asphalt driveway & interlocking. PLUS a basement now approx. 90% finished - drywalled, taped & mudded, with 1 bedroom, an open office area, living/recreation space & a full 4-pc bathroom rough-in ready for finishing touches. Double garage, new driveway, interlock patio & flagstone outdoor space. The property would also make for a strong vacation rental, offering flexibility for personal use or a potential income. Walk across the street & step into Lake Simcoe (Eastern ave park) an exceptional combination of design, location & lifestyle.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$759,200
Land Transfer Taxes$15,455
Legal Fees (Est.)
$
Total cash required for closing$206,755

Total Monthly Obligation

$4,630/mo
Mortgage $3,828
Monthly Loss $3,623
Principal$1,007
Interest$2,821
Property Tax$427
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.1%18
10-Year IRR
8.3%
Returns Index
10.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$37,128/yr
NOI
$23,788/yr
Net Cash Flow
-$1,846/mo
Cash Margin
-59.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
18.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 684 Lakelands Avenue

Time

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