721 Mika Street, Innisfil

$899,000
721 Mika Street

$899,000

New
9d
Detached2-Storey

721 Mika Street, Innisfil

Total Monthly Obligation $4,571

Beds
4
Baths
3
Park
4
Sqft
2500-3000
DOM
9d
Score
17
Yield
4.4%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-N14032788
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-39.37 × 104.99 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$6,841 (2025)
Parking-6 - Attached
Basement-Unfinished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Rural Innisfil
Title-Residential Freehold

No agent assigned

Extensively Upgraded With Nearly $200,000 In Premium Upgrades, This Impressive Approx. 2,960 Sq. Ft. Home Offers Exceptional Value Just Steps From Lake Simcoe, Jackson Park, Scenic Nature Trails And Friday Harbour. Designed For Both Everyday Living And Entertaining, The Home Features 3 Spacious Bedrooms, 3 Bathrooms And A Generous Second-Floor Den Offering Flexibility As A Home Office, Additional Lounge Or Potential 4th Bedroom. The Show-Stopping Great Room Features Soaring 20-Ft Ceilings And An Abundance Of Natural Light, While The Inviting Living Room Is Elevated By A Beautiful Coffered Ceiling And Cozy Natural Gas Fireplace. The Chef-Inspired Kitchen Is Beautifully Appointed With Granite Countertops, High-End Two-Year-New Kitchenaid Appliances And A Natural Gas Stove, With Easy Access To The Backyard Patio Featuring An Additional Natural Gas Hookup For Effortless Outdoor Entertaining And Bbqs. The Serene Primary Retreat Is Complemented By A Beautifully Upgraded, Spa-Inspired Ensuite Featuring A Deep Soaker Tub And Glass Walk-In Shower-The Perfect Space To Unwind And Recharge. A Separate Side Entrance, Basement Bathroom Rough-In And Additional Driveway Parking With No Sidewalk Provide Excellent Flexibility For Multigenerational Living And Growing Families. Major Owned Upgrades Include A/C (2025), Water Softener And Chlorine Filtration System, Security System With Cameras (2025), New Fence (2025), Furnace With Built-In Humidifier, On-Demand Hot Water Heater And Two Garage Door Openers.

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

Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$4,571/mo
Mortgage $3,626
Monthly Loss $3,617
Principal$954
Interest$2,672
Property Tax$570
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$39,600/yr
NOI
$24,299/yr
Net Cash Flow
-$1,601/mo
Cash Margin
-48.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
19.0/ 100

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

Comparables

Properties near 721 Mika Street

Time

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