29 Nida Drive, Tiny

$599,000
29 Nida Drive

$599,000

New
30d
DetachedBungalow-Raised

29 Nida Drive, Tiny

Total Monthly Obligation $3,018

Beds
4
Baths
2
Park
4
Sqft
700-1100
DOM
30d
Score
19
Yield
4.8%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Detached
MLS® Number-S13817718
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-80 × 129 ft
Listed on site-Sep 23, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$2,722 (2025)
Parking-4 - None
Basement-Full, Finished, Apartment
Heating-Forced Air (Gas)
Brokerage-Keller Williams Experience Realty
Cooling-None
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural Tiny
Title-Residential Freehold

No agent assigned

Newly renovated home with a full in-law suite, just steps to the sandy beach and waterfront park. This move-in-ready property sits in the highly sought-after Peekaboo Point area, offering a perfect blend of convenience, comfort, and cottage-country charm.Set on a generous 79 x 130 ft lot, this home provides over 1,400 sq. ft. of finished living space, ideal for first-time buyers, downsizers, or families looking for added flexibility. The moment you walk in, you're welcomed by a bright open-concept living and dining area, perfect for cozy evenings or hosting friends. The main floor features three spacious bedrooms, offering room for children, guests, or a peaceful home office.The kitchen is warm and inviting, complete with a large island and breakfast bar - the ideal spot for morning coffee or casual meals. A window over the sink overlooks the private, wooded backyard, creating a calming moment every time you're there.Downstairs, the fully finished in-law suite with separate entrance adds incredible versatility. Whether you need space for extended family, want rental income, or prefer a private area for guests, this layout offers true flexibility and peace of mind.With updates including a new furnace, new septic system, and modern finishes throughout, all the big work is done - simply move in and enjoy. Walk to the water to paddle board, swim, unwind, and truly live the good life by the lake. Close to restaurants, local shops, and the hospital, and minutes from Penetang, Midland, and everything Tiny has to offer, this home is the perfect mix of lifestyle, value, and lakeside living

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

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,018/mo
Mortgage $2,416
Monthly Loss $2,382
Principal$636
Interest$1,780
Property Tax$227
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.3%31
10-Year IRR
10.0%
Returns Index
16.5/ 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
$28,704/yr
NOI
$18,612/yr
Net Cash Flow
-$865/mo
Cash Margin
-36.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
26.7/ 100

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

Comparables

Properties near 29 Nida Drive

Time

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