58 Verna Drive, Kawartha Lakes

$649,900
58 Verna Drive

$649,900

New
32d
DetachedBungalow

58 Verna Drive, Kawartha Lakes

Total Monthly Obligation $3,291

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
32d
Score
22
Yield
5.7%
Cash on Cash
0.6%
Cap Rate
4.7%
5Y IRR
16.0%
10Y IRR
15.0%
Property Type-Detached
MLS® Number-X13807818
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-100.03 × 200.29 ft
Listed on site-Sep 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,539 (2026)
Parking-5.5 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Electric)
Brokerage-Revel Realty Inc.
Cooling-None
Laundry-No
Fireplace-Living Room
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Block, Concrete
Sewer-Septic
Possession-Flexible
Neighbourhood-Little Britain
Title-Residential Freehold

No agent assigned

Love the lake lifestyle without the waterfront price tag? Welcome to 58 Verna Drive on sought-after Washburn Island, just steps from beautiful Lake Scugog. Set in a peaceful, family friendly community surrounded by nature, this well-maintained bungalow offers comfortable year-round living with Port Perry and Lindsay both within easy reach.The bright and inviting main floor features 3 spacious bedrooms and 2 bathrooms, including a private primary retreat with its own ensuite. The welcoming living room is anchored by a cozy fireplace and offers a walkout to the rear deck, where a private, tree lined backyard creates the perfect setting for morning coffee, summer barbecues or quiet evenings outdoors.The functional kitchen flows into the formal dining room, providing plenty of space for everyday living and entertaining family and friends. Downstairs, the full unfinished lower level is a blank canvas, ready to grow with you. Create a spacious recreation room, additional bedrooms, home office, gym or potentially an in-law setup-the possibilities are yours to explore.Outside, enjoy everything that makes Washburn Island such a special place to call home. With Lake Scugog just steps away and three nearby boat launches, days on the water can become part of everyday life whether you're boating, fishing, kayaking or simply enjoying the beauty of the Kawartha's. Year round municipal road maintenance and school bus service add everyday convenience to the country setting. Peaceful, private and close to the lake. This home offers the space to settle in, the potential to make it your own, and the Kawartha Lakes waterfront community you've been waiting for.

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

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,291/mo
Mortgage $2,622
Monthly Loss $2,602
Principal$690
Interest$1,932
Property Tax$295
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.6%3
5-Year IRR
12.0%50
10-Year IRR
12.1%
Returns Index
26.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$36,720/yr
NOI
$25,009/yr
Net Cash Flow
-$537/mo
Cash Margin
-17.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
26.8/ 100

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

Comparables

Properties near 58 Verna Drive

Time

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