10279 Cope Lake WAO, Highlands East

$324,900
10279 Cope Lake WAO

$324,900

New
63d
DetachedBungalow

10279 Cope Lake WAO, Highlands East

Total Monthly Obligation $1,837

Beds
2
Baths
1
Park
2
Sqft
< 700
DOM
63d
Score
29
Yield
7.4%
Cash on Cash
7.3%
Cap Rate
6.1%
5Y IRR
21.4%
10Y IRR
19.4%
Property Type-Detached
MLS® Number-X13701436
Beds-2
Bathrooms-1
Size-< 700 sqft
Lot Size-112 × 298.74 ft
Listed on site-Aug 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$1,813.67 (2026)
Parking-2 - None
Basement-None
Heating-Other (Wood)
Brokerage-RE/MAX Professionals North
Cooling-None
Laundry-No
Fireplace-Freestanding, Wood Stove, Living Room
Pool-None
Facing-South
Exterior-Wood
Roof-Metal
Foundation-Piers
Sewer-None
Possession-Flexible
Neighbourhood-Cardiff Ward
Title-Residential Freehold

No agent assigned

Welcome to 10279 Cope Lake, an exceptional water access only retreat offering complete solitude and a wonderful, welcoming lake community. Set on a beautiful 0.85 acre lot that backs directly onto pristine Crown land for endless exploring, this property boasts 112 feet of deep clean waterfront. Enjoy a large dock with deep water that is absolutely perfect for swimming and diving, gracefully connected to the cottage by beautiful stone steps. The charming 600 square foot main cottage features two comfortable bedrooms and a 2 piece bathroom. The beautifully updated eat in kitchen flows effortlessly into the open concept living room, highlighted by a stunning freestanding wood burning fireplace and large windows framing uninterrupted lake views. Step outside to a spectacular, completely redone wrap around deck spanning the front, side, and back of the cottage with multiple sitting areas to take in the scenery. Relax in the backyard gazebo overlooking the yard and lovely gardens, or accommodate extra guests in the massive 230 square foot tastefully finished bunkie offering abundant sleeping space. Forget the high hydro delivery fees and experience true off grid living without sacrificing a single comfort! This retreat is fully equipped with a complete solar panel system featuring high end batteries, high speed internet, satellite TV, a fantastic outdoor shower with hot water on demand, and a clean outhouse featuring a premium Cinderella incinerating toilet. Cope Lake is a remarkably calm and quiet body of water with only about 20 properties, surrounded by vast stretches of Crown land and offering excellent smallmouth bass and rainbow trout fishing. Offered fully turn key with only a small list of exclusions, there is absolutely nothing left to do. Simply bring your bathing suit and groceries, and start living your ultimate off grid luxury dream today!

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

Closing Costs

Mortgage Amount
$259,920
Land Transfer Taxes$3,349
Legal Fees (Est.)
$
Total cash required for closing$69,829

Total Monthly Obligation

$1,837/mo
Mortgage $1,311
Monthly Loss $1,492
Principal$345
Interest$966
Property Tax$151
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.7%34
Cash-on-Cash
-0.6%7
5-Year IRR
15.3%73
10-Year IRR
14.9%
Returns Index
38.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
29/ 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
$24,000/yr
NOI
$15,286/yr
Net Cash Flow
-$37/mo
Cash Margin
-1.8%3
Cash Flow Index
3.3/ 100
Risk Profile
Weight: 20%
DSCR
0.9725
LTV Ratio
80.0%18
Vacancy Buffer
5.2 mo85
Risk Index
42.6/ 100

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

Comparables

Properties near 10279 Cope Lake WAO

Time

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