10 Bay Street E 407, Blue Mountains

$799,000
10 Bay Street E 407

$799,000

New
29d
Condo Apartment1 Storey/Apt

10 Bay Street E 407, Blue Mountains

Total Monthly Obligation $4,967

Beds
3
Baths
2
Park
1
Sqft
1400-1599
DOM
29d
Score
34
Yield
9.0%
Cash on Cash
8.0%
Cap Rate
6.3%
5Y IRR
22.0%
10Y IRR
20.0%
Property Type-Condo Apartment
MLS® Number-X13822792
Beds-3
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Sep 24, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-16-30
Taxes-$3,173.9 (2025)
Maintenance-$1,280/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-Century 21 Millennium Inc.
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Stone, Wood
Possession-Immediate
Neighbourhood-Blue Mountains
Title-Residential Condo & Other

No agent assigned

Welcome home to the Riverwalk Condominium, one of Thornbury's most coveted waterfront addresses along the shores of Georgian Bay and The Beaver River. This rarely offered, turn-key 3-bedroom, 2-bathroom suite effortlessly combines active lifestyle living with complete relaxation, boasting picturesque views of both Georgian Bay and the iconic slopes of the Georgian Peaks Ski Club. Step outside your door to start your mornings strolling past the local swans along the Beaver River, heading over to Thornbury Harbour, or enjoying dinner at The Port Restaurant-all just steps away from your front entrance. Inside, the sunlit interior is thoughtfully styled with neutral décor and engineered hardwood flooring throughout. The heart of the suite is a spacious open-concept living space that seamlessly integrates a dedicated dining area, a cozy living room anchored by a gas fireplace, and a beautifully updated kitchen featuring classic white cabinetry and sleek stone countertops. The primary bedroom acts as a tranquil private retreat, complete with a generous walk-in closet and a newly updated ensuite bathroom. Convenient in-suite laundry and a large private balcony perfect for hosting guests or relaxing while taking in the surrounding scenery make this exceptional home truly move-in ready.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$4,967/mo
Mortgage $3,223
Monthly Loss $4,119
Principal$848
Interest$2,375
Property Tax$264
Condo Fees$1,280
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.4%43
Cash-on-Cash
2.8%14
5-Year IRR
18.2%86
10-Year IRR
17.3%
Returns Index
48.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
34/ 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
$71,640/yr
NOI
$43,542/yr
Net Cash Flow
$406/mo
Cash Margin
6.8%16
Cash Flow Index
16.2/ 100
Risk Profile
Weight: 20%
DSCR
1.1338
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
28.5/ 100

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

Comparables

Properties near 10 Bay Street E 407

Time

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