3 Heritage Way 302, Kawartha Lakes

$499,900
3 Heritage Way 302

$499,900

New
16d
Condo ApartmentApartment

3 Heritage Way 302, Kawartha Lakes

Total Monthly Obligation $3,326

Beds
2
Baths
2
Park
7
Sqft
1000-1199
DOM
16d
Score
41
Yield
10.0%
Cash on Cash
10.9%
Cap Rate
6.9%
5Y IRR
24.4%
10Y IRR
22.0%
Property Type-Condo Apartment
MLS® Number-X13871938
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,573 (2026)
Maintenance-$812.22/mo
Locker-Exclusive
Parking-7 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-Revel Realty Inc.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Possession-IMMEDIATE
Neighbourhood-Lindsay
Title-Residential Condo & Other

No agent assigned

Enjoy the ease of low-maintenance living in one of Lindsay's most sought-after condominium communities, Heritage Gardens. This spacious and meticulously maintained 2-bedroom, 2-bathroom suite offers over 1,000 square feet of comfortable living space, complete with underground parking and the peace of mind of a quiet, well-managed building-ideal for downsizers seeking convenience without compromising on space. The bright, open-concept living and dining area is filled with natural light and features a cozy gas fireplace, creating the perfect space to relax or entertain. Step outside to your private balcony, an ideal spot to enjoy your morning coffee or unwind at the end of the day. Additional highlights include in-suite laundry, a bright and versatile sunroom that makes an excellent home office or reading nook, and a spacious primary bedroom complete with a full ensuite bathroom. Residents of Heritage Gardens enjoy exclusive access to a standalone community centre featuring exceptional amenities, including an outdoor pool, shuffleboard, a games room, billiards, meeting rooms, and a woodworking shop-all just steps from your door. Ideally located close to Ross Memorial Hospital, shopping, restaurants, and everyday conveniences, this is an outstanding opportunity to enjoy carefree condominium living in a friendly, welcoming community while still enjoying the comfort, privacy, and space of a thoughtfully designed home.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$3,326/mo
Mortgage $2,016
Monthly Loss $2,796
Principal$531
Interest$1,486
Property Tax$298
Condo Fees$812
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.9%48
Cash-on-Cash
4.7%21
5-Year IRR
19.8%91
10-Year IRR
18.7%
Returns Index
54.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
41/ 100
Poor•Caution

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$50,016/yr
NOI
$29,295/yr
Net Cash Flow
$425/mo
Cash Margin
10.2%28
Cash Flow Index
27.7/ 100
Risk Profile
Weight: 20%
DSCR
1.2146
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo47
Risk Index
37.0/ 100

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

Comparables

Properties near 3 Heritage Way 302

Time

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Data last updated within the past 24 hours.