12213 Lakeshore Road, Wainfleet

$599,900
12213 Lakeshore Road

$599,900

New
8d
DetachedBungalow

12213 Lakeshore Road, Wainfleet

Total Monthly Obligation $3,017

Beds
1
Baths
1
Park
6
Sqft
700-1100
DOM
8d
Score
20
Yield
5.0%
Cash on Cash
-2.0%
Cap Rate
4.2%
5Y IRR
14.0%
10Y IRR
13.4%
Property Type-Detached
MLS® Number-X14080680
Beds-1
Bathrooms-1
Size-700-1100 sqft
Lot Size-45.12 × 90.25 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,661.82 (2026)
Parking-6 - None
Basement-None
Heating-Other (Gas)
Brokerage-RE/MAX NIAGARA REALTY LTD, BROKERAGE
Cooling-None
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block, Piers
Sewer-Septic
Possession-Immediate
Neighbourhood-880 - Lakeshore
Title-Residential Freehold

No agent assigned

Two cottages. One property. Deeded beach access. Endless possibilities. Start living the beach life you've always dreamed of with this incredible property featuring two cottages on one lot and deeded access to one of the area's most beautiful sandy beaches. Step inside the main cottage and prepare to be impressed. Soaring vaulted ceilings and a stunning floor-to-ceiling stone feature wall with a cozy gas fireplace create a warm, inviting atmosphere that's perfect for relaxing after a day at the beach. The fireplace efficiently heats the entire cottage, making it comfortable in every season. Offering one bedroom, a 3-piece bathroom, and a bright open-concept layout with a full kitchen and breakfast bar, this charming retreat is ideal for year-round enjoyment. The property is serviced by Clearford Water, providing reliable year-round water service. The second cottage has already seen major exterior updates, including new vinyl siding and vinyl windows, and is ready for you to finish the interior to suit your needs. Whether you envision a guest cottage for family and friends, additional sleeping quarters, a home office, or an income-generating rental, the possibilities are endless. Spend your days soaking up the sun on the area's spectacular sandy beach, strolling for miles along the shoreline, enjoying a round of mini golf, or finishing the day with a famous perch dinner at DJ's. Whether you're searching for a family getaway, a year-round retreat, or an investment opportunity, this unique property offers the perfect place to create lasting memories. Your Lake Erie lifestyle starts here.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,017/mo
Mortgage $2,420
Monthly Loss $2,380
Principal$637
Interest$1,783
Property Tax$222
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.1%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$19,838/yr
Net Cash Flow
-$767/mo
Cash Margin
-30.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
27.1/ 100

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

Comparables

Properties near 12213 Lakeshore Road

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.