59 Bishop Lane, Prince Edward County

$499,900
59 Bishop Lane

$499,900

Price Change
56d
DetachedBungalow

59 Bishop Lane, Prince Edward County

Total Monthly Obligation $2,544

HausQ Valuation Report
Beds
2
Baths
2
Park
6
Sqft
700-1100
DOM
56d
Score
23
Yield
5.8%
Cash on Cash
1.6%
Cap Rate
4.9%
5Y IRR
16.8%
10Y IRR
15.6%
Property Type-Detached
MLS® Number-X13723938
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-396.36 × 205.86 ft
Listed on site-Aug 28, 2026
Style-Bungalow
Building Type-Detached
Taxes-$1,836 (2026)
Parking-6 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-EKORT REALTY LTD.
Cooling-Wall Unit(s)
Laundry-No
Fireplace-Propane
Pool-None
Facing-South
Exterior-Wood
Roof-Metal
Foundation-Piers
Sewer-Septic
Possession-Flexible
Neighbourhood-Sophiasburg Ward
Title-Residential Freehold

No agent assigned

GRANDFATHERED STA LICENSE! A rare opportunity to own this enchanting 2-bedroom, 2-bathroom cottage in beautiful Prince Edward County, complete with a grandfathered Secondary Whole Home (STA) license, water views, and an expansive 1.46-acre lot offering plenty of privacy and room to relax, entertain, and enjoy the County lifestyle. Whether you're looking for a personal retreat or an investment property with short-term rental potential or both, this property offers exceptional value and flexibility. The cottage is fully turn-key and comes completely furnished and equipped with appliances, linens, kitchen supplies and everything needed to enjoy family time or continue renting for added income. Located in one of Ontario's most sought-after destinations, you'll be close to the County's renowned wineries, celebrated restaurants, sandy beaches, charming villages, and vibrant arts scene. Cottage features include a heat pump with A/C, propane fireplace, and spacious deck with beautiful water views and sunsets, firepit area, circular driveway, new wood shed and a garden shed for added storage. Your Prince Edward County Escape Awaits !!

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,544/mo
Mortgage $2,016
Monthly Loss $2,014
Principal$531
Interest$1,486
Property Tax$153
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.3%3
5-Year IRR
12.2%52
10-Year IRR
12.4%
Returns Index
27.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$28,800/yr
NOI
$19,584/yr
Net Cash Flow
-$384/mo
Cash Margin
-16.0%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8115
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
32.5/ 100

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

Comparables

Properties near 59 Bishop Lane

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.

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Data last updated within the past 24 hours.