701 Happy Vale Drive, Innisfil

$799,000
701 Happy Vale Drive

$799,000

New
18d
DetachedBungalow-Raised

701 Happy Vale Drive, Innisfil

Total Monthly Obligation $3,949

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
18d
Score
20
Yield
5.0%
Cash on Cash
-2.0%
Cap Rate
4.2%
5Y IRR
14.0%
10Y IRR
13.3%
Property Type-Detached
MLS® Number-N13861100
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-61.88 × 134.6 ft
Listed on site-Oct 5, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-16-30
Taxes-$4,218 (2025)
Parking-6 - Attached
Basement-Finished with Walk-Out, Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE FIRST CONTACT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas, Rec Room
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Alcona
Title-Residential Freehold

No agent assigned

I am pleased to present to you an exceptional real estate opportunity: a turn-key all-brick family home located just steps away from the beautiful Innisfil Beach & Park, offering easy access to great beaches and a boat ramp Accessing Lake Simcoe. This spacious and bright raised bungalow is ideally situated within walking distance to the lake and mere minutes from schools, shopping centers, golf courses, YMCA, and scenic trails. The home boasts a large family-size kitchen that opens directly onto an expansive deck, perfect for entertaining guests while overlooking south-facing fenced yard complete with fire pit. The updated main floor features a modern4-piece bathroom and a private primary bedroom, and a 3 sided gas fireplace between living room and dining room providing comfort and convenience for your family. Additionally, the fully finished basement includes, Recreation room, bedroom, 4-piece bath, and a gas fireplace, all basement windows are large, providing lots of natural light. There is great potential for a two-bedroom basement apartment, accessible through its own separate entrance, offering versatility for extended family living or rental income. This residence combines the charm of a brick bungalow with contemporary updates and an ideal location near the lake and community amenities. It represents a fantastic opportunity for those seeking a move-in-ready home in a vibrant neighbourhood.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$3,949/mo
Mortgage $3,223
Monthly Loss $3,101
Principal$848
Interest$2,375
Property Tax$352
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.6%2
5-Year IRR
10.4%38
10-Year IRR
10.9%
Returns Index
20.3/ 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
$40,104/yr
NOI
$27,376/yr
Net Cash Flow
-$942/mo
Cash Margin
-28.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
22.4/ 100

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

Comparables

Properties near 701 Happy Vale Drive

Time

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