422 Island View Road 9, Alnwick/Haldimand

$399,900
422 Island View Road 9

$399,900

New
21d
DetachedBungalow

422 Island View Road 9, Alnwick/Haldimand

Total Monthly Obligation $2,100

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
21d
Score
35
Yield
7.5%
Cash on Cash
9.2%
Cap Rate
6.6%
5Y IRR
23.0%
10Y IRR
20.8%
Property Type-Detached
MLS® Number-X13854854
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-48.89 × 150.66 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Taxes-$1,347.68 (2026)
Parking-4 - None
Basement-None
Heating-Other (Propane)
Brokerage-RE/MAX HALLMARK EASTERN REALTY
Cooling-None
Laundry-No
Fireplace-Propane, Living Room
Pool-None
Facing-East
Exterior-Wood
Roof-Other
Foundation-Piers
Sewer-Other
Possession-TBD
Neighbourhood-Rural Alnwick/Haldimand
Title-Residential Freehold

No agent assigned

Escape to Rice Lake and discover a four-season cottage where the hard work has already been done and the best part is simply enjoying it. Welcome to 422 Island View Road #9, a Scandinavian-inspired retreat just steps from the southeastern shore of Rice Lake, complete with deeded water access via a registered right-of-way where you can leave your paddle board down at the waters edge and shared dock where you can park your boat all summer long! Thoughtfully renovated from the studs up in 2016, the interior was extensively updated with Roxul insulation, windows, drywall, flooring, plumbing and electrical, creating a fresh, comfortable cottage that still feels warm and welcoming. At its heart is an airy open-concept kitchen, living and dining space, where the propane stove makes cool fall mornings and winter weekends especially cozy. With three bedrooms plus a bright four-season sunroom with vaulted ceilings, there's plenty of room to gather, host overnight guests or simply find a quiet spot to relax. Spend your mornings with coffee in the sunroom, your afternoons swimming and boating, and your evenings unwinding after a day on Rice Lake watching the beautiful sunset from the dock. Set on approximately .21 acres, the cottage is equipped for four-season enjoyment, with fibre optic cable recently run to the property for future service. A dug well with updated pump and pressure tank, UV and sediment filtration, Biolan greywater system and Envirolet low-flow composting toilet provide a low-maintenance practical cottage water and waste setup without a traditional septic system. And when we say turn-key, we mean it. The cottage is being offered furnished, right down to an included 18' Giesler Georgian Bay cedar-strip boat and trailer. Pack your weekend bag, head to the lake and start making memories.

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

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,100/mo
Mortgage $1,613
Monthly Loss $1,676
Principal$424
Interest$1,189
Property Tax$112
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.3%41
Cash-on-Cash
2.1%12
5-Year IRR
17.4%83
10-Year IRR
16.5%
Returns Index
46.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
35/ 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
$30,000/yr
NOI
$21,152/yr
Net Cash Flow
$150/mo
Cash Margin
6.0%14
Cash Flow Index
14.1/ 100
Risk Profile
Weight: 20%
DSCR
1.0935
LTV Ratio
80.0%18
Vacancy Buffer
4.5 mo77
Risk Index
43.3/ 100

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

Comparables

Properties near 422 Island View Road 9

Time

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