159 Point Pleasant Lane, Prince Edward County

$680,000
159 Point Pleasant Lane

$680,000

New
30d
Detached2-Storey

159 Point Pleasant Lane, Prince Edward County

Total Monthly Obligation $3,525

Beds
4
Baths
2
Park
6
Sqft
2000-2500
DOM
30d
Score
17
Yield
4.3%
Cash on Cash
-6.5%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Detached
MLS® Number-X13818208
Beds-4
Bathrooms-2
Size-2000-2500 sqft
Lot Size-209.59 × 186.23 ft
Listed on site-Sep 23, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$4,884 (2025)
Parking-9 - Attached
Basement-Crawl Space
Heating-Baseboard (Electric)
Brokerage-LPT Realty
Cooling-None
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible
Neighbourhood-North Marysburg Ward
Title-Residential Freehold

No agent assigned

Your own piece of Lake Ontario shoreline in Prince Edward County.159 Point Pleasant Lane sits on approximately one acre with 201 feet of unobstructed waterfront, and a 4-bedroom, 2-bathroom home or cottage ready for its next chapter. Use it as a seasonal getaway, a place for the whole family to gather, or the starting point for a year-round retreat. Northeast-facing shoreline means the back of the home and the water face the morning light. Watch it spread across Lake Ontario, then spend the day swimming, launching the kayak, wetting a fishing line or taking the boat out. It's a setting that rewards early risers and slow afternoons alike. The existing home is comfortable (Fully winterized) and full of potential. Keep it as your easy-going cottage, refresh it over time, or go bigger and build the waterfront retreat you've been picturing. The land is a real prize, and it gives you room to make it your own. The primary bedroom is its own private retreat. It's tucked away on the second floor, apart from the rest of the home, and has its own 2-piece ensuite. Quiet and separate from the busy main living areas, a great spot to unwind and enjoy the view when the house is full of family and friends. The setting is quiet and private, away from the busiest tourist areas but all the best of the County is close by: Sandbanks beaches, golf, yacht clubs, art studios, live music, boutique shopping, restaurants, vineyards, breweries and local markets. A standout two-storey garage with loft space and two additional parking bays gives you room for boats, recreational gear, a workshop or a hobby space. It's the kind of bonus that makes a property work harder for you. Room to grow: an adjoining 1.44-acre waterfront parcel with approximately 260 feet of shoreline is also available for purchase (0 Point Pleasant Lane). Together, the two properties offer over 460 feet of waterfront, ideal for a family compound or a long-term investment.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$544,000
Land Transfer Taxes$10,075
Legal Fees (Est.)
$
Total cash required for closing$147,575

Total Monthly Obligation

$3,525/mo
Mortgage $2,743
Monthly Loss $2,803
Principal$722
Interest$2,021
Property Tax$407
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.1%1
5-Year IRR
6.9%18
10-Year IRR
8.2%
Returns Index
10.3/ 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
$28,956/yr
NOI
$16,676/yr
Net Cash Flow
-$1,353/mo
Cash Margin
-56.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
22.7/ 100

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

Comparables

Properties near 159 Point Pleasant Lane

Time

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