241 Sea Ray Avenue A101, Innisfil

$498,888
241 Sea Ray Avenue A101

$498,888

New
28d
Condo ApartmentApartment

241 Sea Ray Avenue A101, Innisfil

Total Monthly Obligation $3,111

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
28d
Score
18
Yield
6.0%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Condo Apartment
MLS® Number-N13829902
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Sep 25, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,092.23 (2025)
Maintenance-$724/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX PROFESSIONALS INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Rural Innisfil
Title-Residential Condo & Other

No agent assigned

This is your chance to own a slice of luxury vacation living, just one hour from the GTA. Whether you're looking for a full-time home, weekend escape, or a smart investment, this unit checks all the boxes. Every day is like you're on vacation in this stunning 2-bedroom, 2-bathroom condo located in the heart of the vibrant Friday Harbour Resort, in sought-after building A, unit 101. This is the Green Ash model, bigger than other 2 bedrooms offered, this bright and modern unit boasts an open-concept layout with floor-to-ceiling windows and luxury finishes in 864 square feet. The kitchen features sleek cabinetry, quartz countertops, and stainless steel appliances, opening into a stylish living/dining space ideal for entertaining. The primary suite offers a spa-like 4-pc en-suite and plenty of closet space, while the second bedroom is perfect for guests or the rest of the family. Larger en-suite laundry closet and lots of storage make it easy to keep the place looking its best. The huge corner terrace is perfect for morning coffees, evening glasses of wine and will be your gateway to all the world-class amenities that Friday Harbour has to offer; including Private beach club, Boardwalk shops & restaurants, championship 18-hole Golf course, marina and more! Includes underground parking and a storage locker. Seller potentially willing to offer VTB to Buyer

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$399,110
Land Transfer Taxes$6,453
Legal Fees (Est.)
$
Total cash required for closing$107,731

Total Monthly Obligation

$3,111/mo
Mortgage $2,012
Monthly Loss $2,581
Principal$530
Interest$1,483
Property Tax$174
Condo Fees$724
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
8.1%24
10-Year IRR
9.3%
Returns Index
13.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$29,784/yr
NOI
$13,625/yr
Net Cash Flow
-$877/mo
Cash Margin
-35.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
25.4/ 100

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

Comparables

Properties near 241 Sea Ray Avenue A101

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.