28 Stewarts Point, Northern Bruce Peninsula

$594,000
28 Stewarts Point

$594,000

Price Change
30d
DetachedBungalow-Raised

28 Stewarts Point, Northern Bruce Peninsula

Total Monthly Obligation $2,991

Beds
3
Baths
1
Park
4
Sqft
1100-1500
DOM
30d
Score
17
Yield
3.6%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Detached
MLS® Number-X13817416
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-116.15 × 255.68 ft
Listed on site-Sep 23, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$2,634 (2026)
Parking-6 - Detached
Basement-Crawl Space, Unfinished, Walk-Out
Heating-Baseboard (Electric)
Brokerage-RE/MAX Grey Bruce Realty Inc.
Cooling-Window Unit(s)
Laundry-No
Fireplace-Living Room, Propane, Fireplace Insert, Freestanding
Pool-None
Facing-West
Exterior-Board & Batten , Concrete
Roof-Metal
Foundation-Block, Concrete
Sewer-Septic
Possession-Seller is open to immediate possession
Neighbourhood-Northern Bruce Peninsula
Title-Residential Freehold

No agent assigned

Welcome home to 28 Stewarts Point just in time for cozy cottage days and Autumn hikes on the Bruce Peninsula. Fall in love with this nostalgic cottage feel , well cared for 4 season home in the charming community of Pike Bay . This property is the definition of "Turn Key " for anyone wanting an immediate stress free transition. Tucked away from the road , enter your tree lined private driveway to a large detached garage. For the tinkering enthusiast the Garage doubles as a stocked workshop complete with cupboards, workbenches, some tools and storage. As you make your way down the path past the garage through the ivy lined trellis , take note of the mature treed yard surrounded by blooming annual gardens. Enter home through the spacious foyer and a beautiful glass door to the Great Room. The first details you will notice are the large wall to wall Western exposure windows , the centrally placed stone fire place in the living room and the naturally lit kitchen to your right . Beyond the kitchen are 3 well sized bedrooms complete with beds, bedding , night stands and dressers . Each bedroom has a closet for storage. The second bedroom hides the indoor access to the high ceilinged crawl space basement with large storage rooms and the laundry facilities. For the retro music and video lover the DVDs, CDs and Games in the 3rd are all included for hours of cottage entertainment. A 4 piece bathroom is conveniently located in between the bedrooms. As you make your way past the great room the room opens up to a wicker filled sitting area with a full wall of windows; truly a sunny Sunroom with a sliding door entrance to the upper deck. From the Sunroom your living and dining space expand to enjoy outdoor treed views and sounds of the water. The new deck is perfect for peaceful morning coffee or the chatter of friends and family BBQs. Private access waterfront has plenty of space for a dock or a gazebo to enjoy the endless sunsets to the West.

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

Closing Costs

Mortgage Amount
$475,200
Land Transfer Taxes$8,355
Legal Fees (Est.)
$
Total cash required for closing$128,655

Total Monthly Obligation

$2,991/mo
Mortgage $2,396
Monthly Loss $2,360
Principal$631
Interest$1,766
Property Tax$220
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.9%0
5-Year IRR
5.5%13
10-Year IRR
7.1%
Returns Index
7.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$21,600/yr
NOI
$12,306/yr
Net Cash Flow
-$1,371/mo
Cash Margin
-76.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
25.6/ 100

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

Comparables

Properties near 28 Stewarts Point

Time

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