985 North Bay Drive, Kawartha Lakes

$940,000
985 North Bay Drive

$940,000

New
22d
DetachedBungalow

985 North Bay Drive, Kawartha Lakes

Total Monthly Obligation $4,529

Beds
3
Baths
1
Park
5
Sqft
700-1100
DOM
22d
Yield
3.2%
Cash on Cash
-9.8%
Cap Rate
2.5%
5Y IRR
7.9%
10Y IRR
8.6%
Property Type-Detached
MLS® Number-X13846994
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-60.48 × 411.18 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$4,343.92 (2026)
Parking-5 - None
Basement-Crawl Space
Heating-Baseboard (Electric)
Brokerage-Signature Elite Realty Ltd.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Wood
Roof-Metal
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Bexley
Title-Residential Freehold

No agent assigned

Some places make it surprisingly easy to forget what day it is. At 985 North Bay Drive, it's coffee on the deck with the lake spread out in front of you, an afternoon swim that turns into a whole afternoon by the water, and the privacy to settle in without feeling like you're sharing your weekend with the neighbours. Set on a private, level lot, this year-round bungalow offers three bedrooms, one bathroom, and an open-concept kitchen, dining and living area with big views of Balsam Lake. The large deck off the living room gives everyone a place to gather for meals, catch up, or simply sit and watch the water. Just across the road, 60 feet of shoreline offers shallow, clean water with a sandy, firm bottom for easy wading. The waterfront boathouse has hydro, a fridge, a table and chairs, and a Murphy bed-space for lake gear, a game of cards, and those conversations that carry on long after everyone's dried off. When it's time for a change of scenery, access to Balsam Lake Provincial Park is at the end of the road, with a beach, trails and a play area to explore. Spend the day out together, then come home to your own quiet spot by the lake.

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

Closing Costs

Mortgage Amount
$752,000
Land Transfer Taxes$15,275
Legal Fees (Est.)
$
Total cash required for closing$204,775

Total Monthly Obligation

$4,529/mo
Mortgage $3,792
Monthly Loss $3,531
Principal$998
Interest$2,794
Property Tax$362
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

Assumptions & Inputs
$/mo
%
$
yr
%

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

Comparables

Properties near 985 North Bay Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.