139 Veterans Lane, Tay

$674,900
139 Veterans Lane

$674,900

New
27d
Detached2-Storey

139 Veterans Lane, Tay

Total Monthly Obligation $3,307

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
27d
Score
21
Yield
5.3%
Cash on Cash
-0.0%
Cap Rate
4.6%
5Y IRR
15.5%
10Y IRR
14.6%
Property Type-Detached
MLS® Number-S13831596
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-79 × 187 ft
Listed on site-Sep 26, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$2,519.7 (2025)
Parking-5 - Detached
Basement-Crawl Space, Unfinished
Heating-Forced Air (Gas)
Brokerage-FARIS TEAM REAL ESTATE BROKERAGE
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Board & Batten , Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Victoria Harbour
Title-Residential Freehold

No agent assigned

Top 5 Reasons You Will Love This Home: 1) Gorgeous 2-storey century home showcasing exceptional curb appeal with a classic brick and board and batten exterior, perfectly located in the heart of Victoria Harbour, just steps to the scenic Tay Trail, Queen's Cove Marina, McKenzie Beach, and local schools, while enjoying beautiful views of Georgian Bay right from the property 2) Thoughtfully updated to offer a seamless blend of contemporary finishes and historic charm, featuring original hardwood flooring throughout the main level, an inviting and versatile living space, a convenient main level primary bedroom with a walk-in closet, a modern 3-piece bathroom with a glass-walled shower, and main level laundry 3) Heart of the home presents a beautiful sunlit kitchen complete with heated ceramic tile flooring, sleek quartz countertops, a classic farmhouse sink, stainless steel appliances, a mosaic tile backsplash, and a functional centre island ideal for morning coffee and casual entertaining 4) Step outside to a private backyard paradise thoughtfully designed for sustainability and relaxation, featuring a massive 79'x187' lot with nine raised garden beds, including established strawberries, native wildflower gardens with echinacea and goldenrod, and a perennial sanctuary filled with culinary and medicinal herbs, including lavender, spearmint, chamomile, and lemon balm 5) Excellent parking accommodations for up to five vehicles, with a detached garage and a double-wide paved driveway, while the upper level offers a spacious multi-purpose den ideal for a home office or cozy sitting area, alongside two additional bright bedrooms and a second 3-piece bathroom highlighted by a beautiful clawfoot bathtub. 1,706 fin.sq.ft

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

Closing Costs

Mortgage Amount
$539,920
Land Transfer Taxes$9,973
Legal Fees (Est.)
$
Total cash required for closing$146,453

Total Monthly Obligation

$3,307/mo
Mortgage $2,722
Monthly Loss $2,591
Principal$716
Interest$2,006
Property Tax$210
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-5.0%2
5-Year IRR
11.6%47
10-Year IRR
11.8%
Returns Index
24.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$36,000/yr
NOI
$25,380/yr
Net Cash Flow
-$607/mo
Cash Margin
-20.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
26.4/ 100

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

Comparables

Properties near 139 Veterans Lane

Time

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