3771 Riva Avenue, Innisfil

$1,378,000
3771 Riva Avenue

$1,378,000

New
9d
Att/Row/Townhouse2-Storey

3771 Riva Avenue, Innisfil

Total Monthly Obligation $6,749

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
9d
Score
20
Yield
5.3%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.9%
Property Type-Att/Row/Townhouse
MLS® Number-N14031728
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-20 × 77 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$9,780.66 (2026)
Parking-4 - Built-In
Basement-None
Heating-Forced Air (Gas)
Brokerage-GOLDFARB REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Hardboard, Brick
Roof-Metal
Foundation-Slab
Sewer-Sewer
Possession-60-89 days
Neighbourhood-Rural Innisfil
Title-Residential Freehold

No agent assigned

Experience the ease of waterfront living at Friday Harbour Resort in this extensively upgraded three-bedroom Marina Townhome, ideally located along the Lake Club marina channel, just the third block from the Lake Club. Morning sunshine and views up the channel toward the Boardwalk create a beautiful waterfront setting, while the nature preserve behind the home offers a peaceful contrast, with two bedrooms overlooking the greenery. The location makes resort living effortless: stroll to the Lake Club, Boardwalk, restaurants, shops and amenities, with little need to take the car out. Radiant in-floor heating on the main level adds comfort throughout the cooler months. Thoughtfully customized during construction, the home offers approximately $100,000 in original purchaser-selected upgrades & designer selected finishes. Features include Torlys waterproof flooring throughout the main living areas and bedrooms, 7-inch contemporary baseboards, a staircase with stained wood treads and glass railings, and upgraded Safe'n'Sound interior doors. The kitchen showcases Dove White Paris Kitchens cabinetry, soft-close doors and drawers, additional pull-out storage, integrated waste bins and a Blanco undermount sink. Bathrooms feature upgraded vanities, Caesarstone countertops, porcelain tile and quartz shower finishes. Extensive recessed LED lighting, Lutron motorized solar shades on the main floor and blackout blinds upstairs, a smart thermostat, Cat 6 wiring and audio pre-wiring add comfort and convenience. Step outside to the marina channel and dock, equipped with an upgraded utility pedestal supplying electricity, freshwater and lighting. From morning coffee in the sunshine to a walk along the Boardwalk or time out on the water, this home makes it easy to enjoy everything Friday Harbour has to offer. Condo Fee/POTL includes high speed internet. Lake Club Fee: $238.08/month; Basic Resort Fee: $3,377.43/year; One-Time Entry Fee: 2% of PP + HST.

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

Closing Costs

Mortgage Amount
$1,102,400
Land Transfer Taxes$24,035
Legal Fees (Est.)
$
Total cash required for closing$301,135

Total Monthly Obligation

$6,749/mo
Mortgage $5,558
Monthly Loss $5,286
Principal$1,463
Interest$4,096
Property Tax$815
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.1%2
5-Year IRR
11.6%47
10-Year IRR
11.8%
Returns Index
24.4/ 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
$73,128/yr
NOI
$51,535/yr
Net Cash Flow
-$1,264/mo
Cash Margin
-20.7%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7713
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
17.7/ 100

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

Comparables

Properties near 3771 Riva Avenue

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