3211 Cowan Avenue, Innisfil

$799,000
3211 Cowan Avenue

$799,000

New
3d
DetachedBungalow-Raised

3211 Cowan Avenue, Innisfil

Total Monthly Obligation $3,932

Beds
5
Baths
2
Park
7
Sqft
1500-2000
DOM
3d
Score
19
Yield
4.9%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
13.0%
Property Type-Detached
MLS® Number-N14098300
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-60.06 × 250.35 ft
Listed on site-Oct 20, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$4,012.28 (2025)
Parking-8 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER THE REAL ESTATE CENTRE
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-TBD
Neighbourhood-Rural Innisfil
Title-Residential Freehold

No agent assigned

Welcome to 3211 Cowan Avenue, a beautifully updated raised bungalow tucked away on a quiet, family-friendly cul-de-sac in Innisfil. Set on a large, private lot, this home offers plenty of space inside and out, with many important updates already completed. The bright open-concept main floor brings the kitchen, dining and living areas together. The modern kitchen features a large island, plenty of workspace and updated finishes. The renovated bathroom includes a freestanding tub, glass shower and contemporary finishes. The lower level adds even more usable space and is already largely finished. It includes two bedrooms, a full bathroom with a shower, living space and a kitchen area with upper cabinetry and rough-ins already in place. The major work has been completed, with flooring, lower kitchen cabinetry and appliances remaining to finish the space. It's ideal for a growing or multi-generational family, with future potential for a separate 2-bedroom income suite. Key updates and features include: Modern kitchen with large island, Renovated main bathroom, Finished lower-level bedrooms and full bathroom, Furnace and water heater replaced in 2025, Upgraded attic insulation, Smart thermostat, Water softener and iron filtration system, Drilled well, with no municipal water bill, All equipment owned, with no rental contracts. Outside, the large backyard offers plenty of room for kids, gardening and entertaining. The septic bed is located in the front yard, leaving the backyard open and usable, while the oversized driveway provides parking for up to 8 vehicles. All of this is just minutes from Lake Simcoe beaches, Innisfil Beach Park and Friday Harbour Resort, with convenient access to Hwy 400, the GO Station, shopping, parks and everyday amenities. A well-updated home with a large lot, flexible living space, and most of the major work already done.

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Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$3,932/mo
Mortgage $3,223
Monthly Loss $3,084
Principal$848
Interest$2,375
Property Tax$334
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.1%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$38,880/yr
NOI
$26,480/yr
Net Cash Flow
-$1,016/mo
Cash Margin
-31.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
22.2/ 100

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

Comparables

Properties near 3211 Cowan Avenue

Time

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