120 Drumgoole Lane, Loyalist

$875,000
120 Drumgoole Lane

$875,000

Extension
212d
Detached2-Storey

120 Drumgoole Lane, Loyalist

Total Monthly Obligation $4,318

Beds
4
Baths
2
Park
6
Sqft
1500-2000
DOM
212d
Score
18
Yield
4.5%
Cash on Cash
-4.4%
Cap Rate
3.6%
5Y IRR
12.1%
10Y IRR
11.9%
Property Type-Detached
MLS® Number-X12918442
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-163 × 218 ft
Listed on site-Mar 25, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$4,966.28 (2026)
Parking-8 - Detached
Basement-Crawl Space, Unfinished
Heating-Forced Air (Electric)
Brokerage-RE/MAX FINEST REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Fireplace Insert, Living Room, Wood, Wood Stove
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Amherst Island
Title-Residential Freehold

No agent assigned

Set on just over 0.6 acres with more than 163 feet of clean Lake Ontario shoreline, this Amherst Island waterfront property offers a rare combination of privacy, usable shoreline, and excellent boating access with a north-east exposure sheltered from prevailing southerly and westerly winds. The 90-foot rolling steel dock extends into deeper water and is well-suited for sailboats. Launch, dock, lift (lift not included), and haul out directly from your own property. With open water and steady conditions along this shoreline, it's an ideal setting for sailors, as well as kayaking and canoeing around Amherst Island. There's also a mooring nearby. The lot is well-treed and gently landscaped, with multiple outdoor spaces to enjoy nature, including a large deck, a screened porch overlooking the lake, and a campfire area near the shoreline. Inside, the home is bright and functional. The main floor offers a large kitchen, family room, and a sunroom that serves as the summer living and dining space, bringing in lake views. Two bedrooms, a full bathroom, and main-floor laundry support easy one-level living. In the summer, the screen porch will be a popular place to relax. Upstairs are two additional bedrooms and a second full bathroom, providing space for family or guests. A separate bunkie offers flexible use as a guest space, studio, or quiet retreat. The detached two-car garage and workshop is ideal for projects, storage, or toys. This home features a 200-amp service, a whole-house generator, and a 50-amp EV charger outlet. Located just a short ferry ride from Millhaven, Amherst Island is one of Eastern Ontario's best-kept secrets. Known for its welcoming community, natural beauty, and quiet lifestyle, the island offers a rare opportunity to enjoy waterfront living just 25 minutes from Kingston.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$700,000
Land Transfer Taxes$13,975
Legal Fees (Est.)
$
Total cash required for closing$190,475

Total Monthly Obligation

$4,318/mo
Mortgage $3,530
Monthly Loss $3,390
Principal$929
Interest$2,601
Property Tax$414
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
8.8%28
10-Year IRR
9.6%
Returns Index
15.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$39,576/yr
NOI
$26,152/yr
Net Cash Flow
-$1,350/mo
Cash Margin
-40.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
20.2/ 100

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

Comparables

Properties near 120 Drumgoole Lane

Time

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