11B Salt Dock Road 303, Parry Sound

$525,000
11B Salt Dock Road 303

$525,000

Sold Conditional Escape
15d
Condo Apartment1 Storey/Apt

11B Salt Dock Road 303, Parry Sound

Total Monthly Obligation $3,523

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
15d
Score
19
Yield
7.1%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
12.9%
Property Type-Condo Apartment
MLS® Number-X13878320
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Lot Size-8.048 Acres
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-6-10
Taxes-$6,487.91 (2026)
Maintenance-$665/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Radiant (Gas)
Brokerage-Royal LePage Team Advantage Realty
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Exterior-Stone, Wood
Foundation-Concrete
Possession-Negotiable
Neighbourhood-Parry Sound
Title-Residential Condo & Other

No agent assigned

Welcome to accessible condo living at Granite Harbour in Parry Sound where comfort, convenience and nature come together. This bright third-floor 2-bedroom, 2-bathroom condo is thoughtfully designed for wheelchair accessibility and easy single-level living making everyday life simple and comfortable. Step onto your private deck and enjoy a peaceful outlook over the trees, gentle stream and rear gardens with even a glimpse of Georgian Bay. It's a comfortable place for morning coffee, an afternoon read or simply unwinding at the end of the day. Built in 2019 the condo offers a modern, practical layout with in-floor radiant heat, ductless split air conditioning, indoor parking and a dedicated locker space. The accessible design and low-maintenance setting make it especially well suited to buyers looking for comfort, ease and fewer day-to-day property responsibilities. Just outside your door enjoy nearby walking trails, the waterfront and the shops, services and amenities of Parry Sound. Close to town while still surrounded by nature, this is an easy place to settle into and enjoy.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$3,523/mo
Mortgage $2,118
Monthly Loss $2,966
Principal$557
Interest$1,560
Property Tax$541
Condo Fees$665
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.8%1
5-Year IRR
9.8%34
10-Year IRR
10.7%
Returns Index
18.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$37,248/yr
NOI
$16,655/yr
Net Cash Flow
-$730/mo
Cash Margin
-23.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.668
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
23.7/ 100

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

Comparables

Properties near 11B Salt Dock Road 303

Time

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