51 Lakeside Drive, Innisfil

$648,000
51 Lakeside Drive

$648,000

New
29d
DetachedBungalow

51 Lakeside Drive, Innisfil

Total Monthly Obligation $3,269

Beds
3
Baths
2
Park
6
Sqft
1100-1500
DOM
29d
Score
20
Yield
5.0%
Cash on Cash
-2.4%
Cap Rate
4.1%
5Y IRR
13.6%
10Y IRR
13.1%
Property Type-Detached
MLS® Number-N13822648
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-76.29 × 165 ft
Listed on site-Sep 24, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,359.39 (2026)
Parking-6 - None
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Aluminum Siding
Roof-Shingles
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural Innisfil
Title-Residential Freehold

No agent assigned

Welcome to this beautifully and professionally upgraded home located right across from Lake Simcoe/Kempenfelt Bay with remarkable lake views! Enjoy being just steps to a swimmable beach, a boat/watercraft launch, and a short walk to the public fishing dock, the perfect setting for year-round lakeside living. Situated on a premium 76.29 ft x 165 ft lot, this property offers exceptional potential. The home features 3 bedrooms + den and 2 washrooms, including a spacious primary bedroom with a 3-piece ensuite. The den is ideal for a home office. Enjoy a brand-new kitchen with stainless-steel appliances and quartzite countertops and backsplash, a natural wood-burning fireplace, cathedral ceilings, a cozy sunroom, and large windows that fill the home with natural light. To outline some recent upgrades in addition to the major renovation: the 200 Amp electrical panel (2026), new roof (2023), added R-50 insulation (2025), new gutters (2026), upgraded plumbing (2026). This versatile layout is perfect for downsizers, cottagers, or anyone seeking peaceful living close to nature while remaining conveniently near great schools, shopping, Barrie South GO train station (approx. 20 min drive), and other amenities in Barrie and Innisfil. This lovely home is also minutes from Friday Harbour Resort, offering access to a world-class marina, golf course, dining, entertainment, boutique shops, and scenic trails. Step outside to your private backyard oasis, complete with a fire pit and mature trees ideal for relaxing or entertaining. Whether you prefer tranquil evenings at home or the vibrant lifestyle at Friday Harbour, this property delivers the best of both worlds. Don't miss!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$518,400
Land Transfer Taxes$9,435
Legal Fees (Est.)
$
Total cash required for closing$140,535

Total Monthly Obligation

$3,269/mo
Mortgage $2,614
Monthly Loss $2,581
Principal$688
Interest$1,926
Property Tax$280
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.4%1
5-Year IRR
9.8%34
10-Year IRR
10.4%
Returns Index
18.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$32,136/yr
NOI
$21,063/yr
Net Cash Flow
-$859/mo
Cash Margin
-32.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
25.3/ 100

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

Comparables

Properties near 51 Lakeside Drive

Time

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