85377 Mcdonald Lane, Ashfield-Colborne-Wawanosh

$629,900
85377 Mcdonald Lane

$629,900

New
31d
DetachedBungalow

85377 Mcdonald Lane, Ashfield-Colborne-Wawanosh

Total Monthly Obligation $3,264

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
31d
Score
16
Yield
3.6%
Cash on Cash
-9.2%
Cap Rate
2.6%
5Y IRR
8.4%
10Y IRR
9.0%
Property Type-Detached
MLS® Number-X13814178
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-71 × 395 ft
Listed on site-Sep 22, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$4,175 (2026)
Parking-4 - None
Basement-Crawl Space
Heating-Baseboard (Propane)
Brokerage-Coldwell Banker All Points-Festival City Realty
Cooling-None
Laundry-No
Fireplace-Propane
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Metal
Foundation-Piers
Sewer-Septic
Possession-TBD
Neighbourhood-Ashfield
Title-Residential Freehold

No agent assigned

Lake Huron waterfront with private, year-round road access on a quiet dead-end road with no traffic! Now offered at $629,900, this well-kept 3-season cottage, (with potential to turn it into a 4 season home with minimal efforts) enjoys a peaceful setting, beautiful lake views and spectacular Lake Huron sunsets. Several neighbouring properties are enjoyed as year-round residences, adding versatility to this peaceful waterfront location.One of the property's most memorable features is the charming lakeside gazebo, perfectly positioned partway down the stairs toward the water. It's your own private perch overlooking Lake Huron - an inviting place for morning coffee, an evening glass of wine, reading a book or simply sitting back and listening to the waves. A spacious upper deck and pergola provide even more room to relax, dine and entertain while taking in the waterfront setting.The shoreline is protected by a substantial steel armour retaining wall, an important feature of this Lake Huron property, with stairs leading down toward the water.Inside, you'll find 3 bedrooms, a 3-piece bath and on-site laundry. A selection of good-quality, clean furnishings and household items is included, making this an easy, turnkey cottage - bring your personal belongings and start enjoying lake life.Private, peaceful and tucked away from through traffic, this is a special Lake Huron retreat that's been thoughtfully cared for over the years. Enjoy it as the 3-season getaway it is today, with year-round road access offering possibilities for an owner wishing to explore extending its seasonal use. At its new price of $629,900, this waterfront property deserves another look.

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

Closing Costs

Mortgage Amount
$503,920
Land Transfer Taxes$9,073
Legal Fees (Est.)
$
Total cash required for closing$136,553

Total Monthly Obligation

$3,264/mo
Mortgage $2,541
Monthly Loss $2,595
Principal$669
Interest$1,872
Property Tax$348
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.8%0
5-Year IRR
4.9%11
10-Year IRR
6.7%
Returns Index
6.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$22,800/yr
NOI
$11,845/yr
Net Cash Flow
-$1,554/mo
Cash Margin
-81.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
23.6/ 100

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

Comparables

Properties near 85377 Mcdonald Lane

Time

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