196 PARADISE Avenue, Tay

$399,999
196 PARADISE Avenue

$399,999

New
28d
DetachedBungalow

196 PARADISE Avenue, Tay

Total Monthly Obligation $2,131

HausQ Valuation Report
Beds
2
Baths
1
Park
6
Sqft
700-1100
DOM
28d
Score
32
Yield
7.4%
Cash on Cash
8.1%
Cap Rate
6.3%
5Y IRR
22.1%
10Y IRR
20.0%
Property Type-Detached
MLS® Number-S13827100
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-92.4 × 65 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$1,712.77 (2026)
Parking-6 - None
Basement-Unfinished, Crawl Space
Heating-Forced Air (Propane)
Brokerage-ROYAL LEPAGE FIRST CONTACT REALTY
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Metal
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Port McNicoll
Title-Residential Freehold

No agent assigned

Welcome to this charming corner-lot property located close to Georgian Bay. Whether you're looking for a peaceful retreat or an investment opportunity, this property offers plenty of potential. Enjoy the nearby waterfront park and marina, perfect for taking in the serenity of the bay and enjoying a variety of recreational activities. The home offers over 770 sq. ft. of comfortable living space with 2 bedrooms and a 4-piece bathroom. Hardwood floors and an open-concept layout create an inviting space for entertaining, relaxing and making memories. Several updates have been completed, including new siding, new windows and pot lights throughout every room. The bathroom has been updated with a new tub, shower tile, flooring, vanity and toilet. The side entrance features new tile flooring, providing a practical entry during the winter months. Step outside onto the wrap-around deck and enjoy peaceful views with plenty of space for outdoor gatherings. Two driveways provide ample parking, while two sheds offer additional storage. The side shed also features an attached lean-to. A heated crawl space provides even more storage. Situated on a unique corner lot measuring approximately 92' x 125' x 65' x 70', this property offers plenty of space and possibilities, all within close proximity to Georgian Bay.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$319,999
Land Transfer Taxes$4,475
Legal Fees (Est.)
$
Total cash required for closing$85,975

Total Monthly Obligation

$2,131/mo
Mortgage $1,613
Monthly Loss $1,707
Principal$425
Interest$1,189
Property Tax$143
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.1%38
Cash-on-Cash
1.0%10
5-Year IRR
16.5%80
10-Year IRR
15.9%
Returns Index
43.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
32/ 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
$29,400/yr
NOI
$20,247/yr
Net Cash Flow
$74/mo
Cash Margin
3.0%8
Cash Flow Index
8.3/ 100
Risk Profile
Weight: 20%
DSCR
1.0531
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo76
Risk Index
41.6/ 100

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

Comparables

Properties near 196 PARADISE Avenue

Time

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Data last updated within the past 24 hours.