415 SeaRay Avenue 128, Innisfil

$549,000
415 SeaRay Avenue 128

$549,000

New
15d
Common Element CondoApartment

415 SeaRay Avenue 128, Innisfil

Total Monthly Obligation $3,430

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
15d
Score
18
Yield
6.1%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Common Element Condo
MLS® Number-N13877038
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Common Element Condo
Age-0-5
Taxes-$5,188.14 (2026)
Maintenance-$583.5/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Unknown
Foundation-Unknown
Possession-Immediate
Neighbourhood-Rural Innisfil
Title-Residential Condo & Other

No agent assigned

Welcome to this spacious ground-floor 2-bedroom, 2-bathroom suite at Friday Harbour, featuring impressive 10-foot ceilings and upgrades throughout. The bright, open-concept layout showcases high-end finishes and a generous kitchen with an abundance of cabinetry, complemented by an upgraded oversized waterfall island, perfect for entertaining. Walk out directly to the beautifully landscaped courtyard, where you can enjoy lush gardens, the outdoor pool and hottub just steps from your door. This desirable ground-floor unit offers the perfect combination of style, comfort and resort-style living. Enjoy everything Friday Harbour has to offer, including restaurants, shopping, the LCBO, resort amenities, over 200 acres of nature trails,The Nest championship golf course, the marina and so much more. This ground-floor gem is amust-see!

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$439,200
Land Transfer Taxes$7,455
Legal Fees (Est.)
$
Total cash required for closing$118,755

Total Monthly Obligation

$3,430/mo
Mortgage $2,215
Monthly Loss $2,848
Principal$583
Interest$1,632
Property Tax$432
Condo Fees$584
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.6%26
10-Year IRR
9.7%
Returns Index
14.3/ 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
$33,600/yr
NOI
$15,650/yr
Net Cash Flow
-$910/mo
Cash Margin
-32.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.6/ 100

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

Comparables

Properties near 415 SeaRay Avenue 128

Time

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Data last updated within the past 24 hours.