118 Bay Lake Road, Bancroft

$299,000
118 Bay Lake Road

$299,000

New
70d
DetachedBungalow

118 Bay Lake Road, Bancroft

Total Monthly Obligation $1,739

HausQ Valuation Report
Beds
2
Baths
1
Park
6
Sqft
< 700
DOM
70d
Yield
6.3%
Cash on Cash
1.9%
Cap Rate
5.0%
5Y IRR
17.1%
10Y IRR
15.9%
Property Type-Detached
MLS® Number-X13686184
Beds-2
Bathrooms-1
Size-< 700 sqft
Lot Size-150 × 249 ft
Listed on site-Aug 14, 2026
Style-Bungalow
Building Type-Detached
Taxes-$1,900 (2025)
Parking-6 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-Century 21 Granite Realty Group Inc.
Cooling-Window Unit(s)
Laundry-No
Fireplace-Wood Stove
Pool-None
Facing-North
Exterior-Wood
Roof-Metal
Foundation-Piers
Sewer-Septic
Possession-TBD
Neighbourhood-Dungannon Ward
Title-Residential Freehold

No agent assigned

Affordable Three- season Cottage with a 12 ft access to Stimears Lake! Looking for a cozy getaway without the waterfront price tag? Welcome to 118 Bay Lake Rd! This charming three-season cottage is situated on a year-round paved municipal rd and includes a 12 foot easement access to beautiful Stimears Lake, located just across the road. The cottage offers a warm and inviting layout featuring two bedrooms, a 3-piece bathroom, a functional kitchen with dining area, a comfortable living/sitting room, and a bright sunroom perfect for relaxing with your morning coffee or unwinding after a day on the lake. Outside, you'll enjoy exceptional privacy, a firepit area for evenings under the stars, two storage buildings for all your cottage toys and tools, plus the convenience of a private well and septic system. Whether you're looking for a family retreat, a peaceful escape from the city, or an affordable way to enjoy cottage life, this property offers excellent value and endless opportunities to create lasting memories.

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Closing Costs

Mortgage Amount
$239,200
Land Transfer Taxes$2,960
Legal Fees (Est.)
$
Total cash required for closing$64,260

Total Monthly Obligation

$1,739/mo
Mortgage $1,206
Monthly Loss $1,422
Principal$317
Interest$889
Property Tax$158
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 118 Bay Lake Road

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