131 Bay Street, Drummond/North Elmsley

$685,000
131 Bay Street

$685,000

New
45d
DetachedBungalow

131 Bay Street, Drummond/North Elmsley

Total Monthly Obligation $3,280

Beds
3
Baths
1
Park
4
Sqft
1100-1500
DOM
45d
Yield
5.2%
Cash on Cash
-0.0%
Cap Rate
4.6%
5Y IRR
15.5%
10Y IRR
14.6%
Property Type-Detached
MLS® Number-X13754686
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-53.2 × 142.23 ft
Listed on site-Sep 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$1,701.51 (2026)
Parking-5 - Detached
Basement-Crawl Space
Heating-Forced Air (Propane)
Brokerage-ENGEL & VOLKERS OTTAWA
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete, Block
Sewer-Septic
Possession-TBD
Neighbourhood-908 - Drummond N Elmsley (Drummond) Twp
Title-Residential Freehold

No agent assigned

Nestled along the scenic shores of the Mississippi River in Carleton Place, this bungalow is your opportunity to enjoy true waterfront living with direct access to the Mississippi Lake. Surrounded by beautifully landscaped grounds, this charming 3-bedroom home was fully renovated in 2018/2019 and offers breathtaking water views and exceptional indoor and outdoor living spaces to enjoy the calm surroundings. The bright living room is filled with natural light from a large window and flows seamlessly into the kitchen, which features shaker cabinetry with ample storage and matching white appliances. The formal dining area provides an inviting space for family meals and entertaining, while the stunning four-season sunroom serves as the home's centrepiece. Sliding glass doors and large windows offer a full view of the water, creating an indoor-outdoor feel and direct access to the deck. The home offers three bedrooms and a 4-piece bathroom that includes a tub and shower. The detached garage provides exceptional flexibility, whether for parking, as a workshop space, or storage. Designed to maximize its exceptional waterfront exposure, the deck offers the perfect place to relax and entertain, while the property's landscaped gardens, dedicated fire pit area, and private dock enhance this home's peaceful, cottage-like setting. Thanks to its proximity to the vibrant downtown core, there are plenty of activities after your ride up the river, including visiting local shops, cafés, and restaurants, and enjoying parks and nearby walking trails, golf courses, and recreational facilities! Whether to enjoy as a cottage getaway or as a full-time residence, this home along the Mississippi is the perfect place to make long-lasting memories!

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Closing Costs

Mortgage Amount
$548,000
Land Transfer Taxes$10,175
Legal Fees (Est.)
$
Total cash required for closing$148,675

Total Monthly Obligation

$3,280/mo
Mortgage $2,763
Monthly Loss $2,553
Principal$727
Interest$2,036
Property Tax$142
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 131 Bay Street

Time

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