64 Lakeshore Drive, Strong

$280,000
64 Lakeshore Drive

$280,000

New
3d
DetachedBungalow

64 Lakeshore Drive, Strong

Total Monthly Obligation $1,628

Beds
4
Baths
1
Park
4
Sqft
1100-1500
DOM
3d
Score
40
Yield
8.6%
Cash on Cash
12.4%
Cap Rate
7.2%
5Y IRR
25.6%
10Y IRR
23.1%
Property Type-Detached
MLS® Number-X14099072
Beds-4
Bathrooms-1
Size-1100-1500 sqft
Lot Size-117.29 × 94 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Taxes-$1,480.2 (2026)
Parking-5 - Detached
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-Royal LePage Lakes Of Muskoka Realty
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-Immediate
Neighbourhood-Strong
Title-Residential Freehold

No agent assigned

Finally - a real starter home. Four bedrooms, a large living room, an eat-in kitchen, and a detached garage, at a price point that actually makes sense for someone getting started. Yes, there's green shag carpet. Yes, there are some impressive wood-panelled walls. But the bones are here and they're good - a solid home on a quiet lot with low taxes and nothing that needs to scare you off. This is the kind of property where you move in, make it yours over time, and build equity while you do it. A drilled well, natural gas furnace, and fibre optic internet mean the essentials are already in place and affordable to run. The yard is private, backing right onto the forest, with plenty of room for kids, dogs, or a garden. It's the kind of space that feels bigger than it is because there's nothing behind you but trees. Two minutes to the beach on Lake Bernard. Five minutes to downtown Sundridge. Everything you need is close, and you're not paying a premium to be there.

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

Closing Costs

Mortgage Amount
$224,000
Land Transfer Taxes$2,675
Legal Fees (Est.)
$
Total cash required for closing$60,175

Total Monthly Obligation

$1,628/mo
Mortgage $1,129
Monthly Loss $1,331
Principal$297
Interest$832
Property Tax$123
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.6%45
Cash-on-Cash
3.4%16
5-Year IRR
18.6%88
10-Year IRR
17.6%
Returns Index
50.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
40/ 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
$24,000/yr
NOI
$15,620/yr
Net Cash Flow
$172/mo
Cash Margin
8.6%22
Cash Flow Index
21.8/ 100
Risk Profile
Weight: 20%
DSCR
1.1540
LTV Ratio
80.0%18
Vacancy Buffer
5.8 mo90
Risk Index
49.6/ 100

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

Comparables

Properties near 64 Lakeshore Drive

Time

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