375 Sea Ray Avenue 417, Innisfil

$1,149,000
375 Sea Ray Avenue 417

$1,149,000

New
28d
Condo ApartmentApartment

375 Sea Ray Avenue 417, Innisfil

Total Monthly Obligation $6,185

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
28d
Score
15
Yield
4.0%
Cash on Cash
-9.9%
Cap Rate
2.4%
5Y IRR
7.8%
10Y IRR
8.5%
Property Type-Condo Apartment
MLS® Number-N13830702
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 25, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$6,696 (2026)
Maintenance-$791.92/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBA/ASAP
Neighbourhood-Rural Innisfil
Title-Residential Condo & Other

No agent assigned

***Top-Floor Corner Penthouse | Panoramic Lake & Marina Views | Massive Wraparound Terrace*** Perched on the top floor at Friday Harbour, this exceptional corner penthouse offers sweeping southern views across Lake Simcoe, the marina, Lake Club, and surrounding forest. Floor-to-ceiling wraparound windows capture the scenery from every direction, while the expansive terrace creates an incredible outdoor setting for morning coffee, sunset entertaining, and enjoying the beauty of the resort year-round. Inside, the open-concept layout features a spacious kitchen overlooking the dining area and generous living room. Three well-appointed bedrooms and two bathrooms provide plenty of space for family and guests, while the bright interiors take full advantage of the penthouse's exceptional views. Set along the south shore of Lake Simcoe at Big Bay Point, Friday Harbour combines a spectacular natural setting with an impressive collection of resort amenities. Enjoy the marina, Lake Club, The Nest Golf Club, nature trails, the Promenade, and an exceptional selection of shops and dining, including FH Fine Food, LCBO, Starbucks, Feather + Stone Boutique, ADM Design & Décor, Sweet Harbour, ONE11 Beauty Bar, Crock A Doodle, Rogers, The Nest Pro Shop, Lake Club, Ember, Dirty Oar Public House, Parisienne, Avenue Cibi e Vini, Cantina by ZAZA, and The Gelato Shop by ZAZA.A rare opportunity to own a true corner penthouse with expansive views, exceptional outdoor space, and the complete Friday Harbour lifestyle. ***EXTRAS*** Lifestyle investment: Lake Club Fee $230.60/month , Annual Resort Fee $2733.70/year and Basic Monthly Fee $791.92/month. Buyer to pay 2% plus hst FH association fee.

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

Closing Costs

Mortgage Amount
$919,200
Land Transfer Taxes$19,455
Legal Fees (Est.)
$
Total cash required for closing$250,755

Total Monthly Obligation

$6,185/mo
Mortgage $4,635
Monthly Loss $4,965
Principal$1,220
Interest$3,415
Property Tax$558
Condo Fees$792
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.2%0
5-Year IRR
5.4%12
10-Year IRR
7.1%
Returns Index
7.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$46,320/yr
NOI
$23,089/yr
Net Cash Flow
-$2,711/mo
Cash Margin
-70.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo24
Risk Index
15.3/ 100

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

Comparables

Properties near 375 Sea Ray Avenue 417

Time

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Data last updated within the past 24 hours.