1223 2nd ave South Avenue, Native Leased Lands

$199,900
1223 2nd ave South Avenue

$199,900

New
11d
DetachedBungalow

1223 2nd ave South Avenue, Native Leased Lands

Total Monthly Obligation $1,181

Beds
3
Baths
1
Park
8
Sqft
< 700
DOM
11d
Yield
13.8%
Cash on Cash
37.5%
Cap Rate
12.6%
5Y IRR
47.1%
10Y IRR
43.2%
Property Type-Detached
MLS® Number-X14079880
Beds-3
Bathrooms-1
Size-< 700 sqft
Lot Size-100 × 200 ft
Listed on site-Oct 12, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Parking-8 - None
Basement-None
Heating-Heat Pump (Electric)
Brokerage-Royal LePage RCR Realty
Cooling-Other, Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Board & Batten , Hardboard
Roof-Asphalt Shingle
Foundation-Post & Pad
Sewer-Septic
Possession-Immediate
Neighbourhood-Native Leased Lands
Title-Residential Freehold

No agent assigned

Cozy well cared for little cottage in an excellent location. Across the road from the beach with close access approximately 200 feet from the beach. This property has a lot of room for outdoor living, big front covered deck that wraps around the end of the cottage. New septic, sand point well and driveway have been installed August 2022.New windows and ductless heat/AC pump 2025.This property would make an excellent place to spend time with family and friends at the beach. The lease is $6300.00 a year and runs until 2036. Plus a $1300.00 service charge a year. This cottage is a three season cottage, and is shut down in the off season.

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Closing Costs

Mortgage Amount
$159,920
Land Transfer Taxes$1,724
Legal Fees (Est.)
$
Total cash required for closing$43,204

Total Monthly Obligation

$1,181/mo
Mortgage $806
Monthly Loss $969
Principal$212
Interest$594
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 1223 2nd ave South Avenue

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