97 Smith Lane, Huron-Kinloss

$465,000
97 Smith Lane

$465,000

New
22d
DetachedBungalow

97 Smith Lane, Huron-Kinloss

Total Monthly Obligation $2,439

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
22d
Score
25
Yield
6.2%
Cash on Cash
2.9%
Cap Rate
5.2%
5Y IRR
17.9%
10Y IRR
16.5%
Property Type-Detached
MLS® Number-X13852340
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-66 × 132 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,264.29 (2026)
Parking-2 - None
Basement-Crawl Space
Heating-Baseboard (Electric)
Brokerage-Royal LePage Exchange Realty Co.
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block, Other
Sewer-Septic
Possession-FLEXIBLE
Neighbourhood-Huron-Kinloss
Title-Residential Freehold

No agent assigned

Lovingly cared for by its current owners for 31 years, this inviting three-season cottage is being offered completely turnkey and ready for you to enjoy. Nestled in the sought-after Lurgan Beach community, this well-maintained cottage offers everything you need for memorable summers by the lake, including three bedrooms, a three-piece bathroom, kitchen, dining area, living room and a versatile seasonal room-perfect for accommodating family and friends. An efficient propane wall furnace, complemented by electric wall heaters, helps take the chill off during cooler evenings. A wraparound deck extends along the front and side of the cottage, providing the perfect spot for morning coffee, outdoor dining or relaxing with a good book. The backyard is equally appealing, featuring four well-maintained outbuildings that offer flexibility for hobbies, additional space and secure storage. Gather around the fire pit in the evening and enjoy star-filled skies as the day winds down. The family-friendly location is one of the property's standout features. Municipal parkland, complete with playground equipment for all ages, is just steps away. When it's time for a beach day, the lake is only a short walk from your door, making it easy to embrace the relaxed rhythm of cottage life. Forgot something? No problem-you'll be back in no time. And, of course, those famous Lake Huron sunsets never disappoint. Beyond its charm, the cottage offers practical peace of mind with a low-maintenance vinyl exterior, vinyl windows, and a 2023 septic system. It is becoming increasingly difficult to find such a well-maintained retreat in this location for under $500,000.If you've been dreaming of a place where the lake is close, evenings are spent around the fire and summer memories practically make themselves, this Lurgan Beach cottage is one you won't want to miss.

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

Closing Costs

Mortgage Amount
$372,000
Land Transfer Taxes$5,775
Legal Fees (Est.)
$
Total cash required for closing$100,275

Total Monthly Obligation

$2,439/mo
Mortgage $1,876
Monthly Loss $1,946
Principal$494
Interest$1,382
Property Tax$189
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.4%3
5-Year IRR
13.0%58
10-Year IRR
13.0%
Returns Index
30.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$28,800/yr
NOI
$19,156/yr
Net Cash Flow
-$279/mo
Cash Margin
-11.6%0
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8517
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
34.2/ 100

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

Comparables

Properties near 97 Smith Lane

Time

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Data last updated within the past 24 hours.