29 Brown Lane, Bancroft

$659,900
29 Brown Lane

$659,900

New
43d
DetachedBungalow

29 Brown Lane, Bancroft

Total Monthly Obligation $3,445

Beds
4
Baths
2
Park
6
Sqft
1100-1500
DOM
43d
Score
17
Yield
4.5%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-X13767486
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-125.65 × 82.21 ft
Listed on site-Sep 10, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,897 (2026)
Parking-8 - Detached
Basement-Partial Basement, Partially Finished
Heating-Forced Air (Propane)
Brokerage-RE/MAX COUNTRY CLASSICS LTD.
Cooling-Central Air
Laundry-No
Fireplace-Wood Stove
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Dungannon Ward
Title-Residential Freehold

No agent assigned

Tait Lake - Only 5 minutes from Bancroft and all amenities, this 4 bedroom year round home or cottage has a fabulous panoramic view overlooking Tait Lake. Facing south with 173' of waterfront it has excellent swimming in deep clean waterfront and a spacious dock to take advantage of the sun all day long. Main floor features a very functional layout with custom kitchen cupboards, dining room, living room, family room with a wood stove, 3 bedrooms, sun porch and 4 piece bathroom. The 4th bedroom is downstairs, along with a utility room, nice storage room and a laundry room that is combined with a 2 piece bathroom. Patio doors in the family room lead to the spacious back deck and a gazebo where you can enjoy the gorgeous view. Need more storage - there is a large attic space with plenty of room plus a 2 car garage and a large shed/workshop. Lots of space for all your vehicles, ATV's, sleds, lawnmowers etc. Yard is well treed and level at the house with stairs to the waterfront. This is a small quiet lake that has excellent water quality due to the limestone base and offers fantastic fishing for largemouth, smallmouth and pike. The rec trail is basically at your doorstep with access to miles of trails and the Old Hastings Snow Riders Snowmobile Club is just up the road. Dungannon Recreation centre is within walking distance and is home to many events all year long. Whether you are looking for year round living or a cottage, this property offers the best of both worlds. Garbage and recycling pick up is just a few hundred feet away at the highway. Home is very economical to heat - Propane is $1400/year and Hydro is $1200/year. Many recent upgrades include: updated kitchen in 2018, shingles on house and garage in 2021, central air in 2023, propane furnace in 2025.

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

Closing Costs

Mortgage Amount
$527,920
Land Transfer Taxes$9,673
Legal Fees (Est.)
$
Total cash required for closing$143,153

Total Monthly Obligation

$3,445/mo
Mortgage $2,662
Monthly Loss $2,744
Principal$700
Interest$1,961
Property Tax$408
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.4%20
10-Year IRR
8.6%
Returns Index
11.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$29,400/yr
NOI
$17,063/yr
Net Cash Flow
-$1,240/mo
Cash Margin
-50.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.2/ 100

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

Comparables

Properties near 29 Brown Lane

Time

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