191 Pirates Glen Drive E, Trent Lakes

$998,000
191 Pirates Glen Drive E

$998,000

New
29d
DetachedBungalow

191 Pirates Glen Drive E, Trent Lakes

Total Monthly Obligation $4,841

Beds
5
Baths
3
Park
6
Sqft
1100-1500
DOM
29d
Score
18
Yield
4.7%
Cash on Cash
-3.3%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Detached
MLS® Number-X13822486
Beds-5
Bathrooms-3
Size-1100-1500 sqft
Lot Size-114 × 232.15 ft
Listed on site-Sep 24, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,285.21 (2025)
Parking-10 - Detached
Basement-Finished with Walk-Out
Heating-Forced Air (Propane)
Brokerage-SUTTON GROUP-HERITAGE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Propane
Pool-None
Facing-East
Exterior-Stone, Wood
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Septic
Possession-60-90 Days
Neighbourhood-Trent Lakes
Title-Residential Freehold

No agent assigned

WATERFRONT LIVING ON THE TRENT-SEVERN WATERWAY! Welcome to 191 Pirates Glen Drive, a custom-built bungalow offering the perfect blend of year-round comfort, recreational enjoyment and exceptional waterfront living. Situated on a beautiful nearly half-acre lot with a protected channel leading directly to Pigeon Lake, this property offers an incredible boating lifestyle with access to five lakes without going through a lock. Approximately 13 years young, this thoughtfully designed home features an open-concept main level with 3 bedrooms, including a spacious primary suite, and a bright living area with gas fireplace and large windows overlooking the natural beauty surrounding the property. The custom kitchen features granite countertops and opens seamlessly to the dining and living spaces, making it ideal for family gatherings and entertaining. The finished walkout basement provides excellent additional living space with 2 more bedrooms, full bathroom, laundry and a second gas fireplace - perfect for guests, family or extended stays. Outside, the waterfront is truly special. Extensive improvements include professionally installed armour-stone shoreline, aluminum docks, marine railway, stamped-concrete patio and armour-stone fire pit, creating a beautiful setting for boating, swimming, entertaining or simply relaxing beside the water. A major highlight is the impressive 35' x 25' heated detached garage, offering exceptional space for vehicles, boats, recreational toys, workshop use and storage. The paved driveway and extensive exterior improvements add to the convenience and appeal. Whether you're looking for a full-time waterfront home, retirement retreat, four-season cottage or family getaway, this property delivers the space, privacy and lifestyle you've been waiting for. Boat from your own property. Explore the Trent-Severn Waterway. Enjoy the Kawarthas. Come home to the water.

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

Closing Costs

Mortgage Amount
$798,400
Land Transfer Taxes$16,435
Legal Fees (Est.)
$
Total cash required for closing$217,535

Total Monthly Obligation

$4,841/mo
Mortgage $4,026
Monthly Loss $3,782
Principal$1,059
Interest$2,966
Property Tax$440
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.4%1
5-Year IRR
9.7%33
10-Year IRR
10.3%
Returns Index
17.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$46,800/yr
NOI
$32,335/yr
Net Cash Flow
-$1,331/mo
Cash Margin
-34.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
19.3/ 100

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

Comparables

Properties near 191 Pirates Glen Drive E

Time

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