1347 Old Second Road N, Springwater

$609,000
1347 Old Second Road N

$609,000

New
63d
Detached1 1/2 Storey

1347 Old Second Road N, Springwater

Total Monthly Obligation $3,001

Beds
2
Baths
1
Park
4
Sqft
1100-1500
DOM
63d
Score
20
Yield
4.7%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
13.0%
Property Type-Detached
MLS® Number-S13699038
Beds-2
Bathrooms-1
Size-1100-1500 sqft
Lot Size-485.69 × 3440.79 ft
Listed on site-Aug 21, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$2,029.27 (2026)
Parking-5 - Detached
Basement-Unfinished
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-None
Laundry-No
Fireplace-Wood Stove
Pool-None
Facing-East
Exterior-Insulbrick
Roof-Metal
Foundation-Block
Sewer-Septic
Possession-TBD
Neighbourhood-Hillsdale
Title-Residential Freehold

No agent assigned

A rare opportunity to secure 46 acres of exceptionally private, predominantly forested land in a desirable Springwater location. Set along Old Second Road North and conveniently located near the growing community of Craighurst with easy access to Highway 400, this expansive property offers an increasingly difficult-to-find combination of acreage, natural beauty, privacy and accessibility. Mature woodland blankets much of the property, while picturesque streams and ravine wind through the landscape, creating a peaceful natural setting rich with character. Enjoy hiking, cross-country skiing and ATVing on your own property, and snowmobiling nearby on OFSC trails. An existing 1 1/2-storey residence, together with several outbuildings, offers an opportunity for those with vision to explore renovation, redevelopment or the creation of an entirely new rural retreat, subject to applicable approvals. With generous road frontage, substantial acreage and a location offering convenient access to Barrie, Craighurst and the Highway 400 corridor, the possibilities here are compelling. Whether envisioned as a private country estate, recreational retreat, woodland sanctuary or long-term landholding, this is an opportunity to reimagine an extraordinary piece of rural Springwater. Property and existing structures are being offered in "as is, where is" condition. Buyers to conduct their own due diligence regarding intended use, development potential, zoning, conservation authority requirements and existing services.

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

Closing Costs

Mortgage Amount
$487,200
Land Transfer Taxes$8,655
Legal Fees (Est.)
$
Total cash required for closing$131,955

Total Monthly Obligation

$3,001/mo
Mortgage $2,457
Monthly Loss $2,354
Principal$646
Interest$1,810
Property Tax$169
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.6%33
10-Year IRR
10.2%
Returns Index
17.5/ 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
$28,920/yr
NOI
$19,499/yr
Net Cash Flow
-$832/mo
Cash Margin
-34.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
27.0/ 100

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

Comparables

Properties near 1347 Old Second Road N

Time

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