1326 S Second Avenue S, Native Leased Lands

$180,000
1326 S Second Avenue S

$180,000

New
23d
DetachedBungalow

1326 S Second Avenue S, Native Leased Lands

Total Monthly Obligation $1,101

Beds
2
Baths
1
Park
3
Sqft
< 700
DOM
23d
Score
84
Yield
16.3%
Cash on Cash
48.5%
Cap Rate
15.0%
5Y IRR
56.9%
10Y IRR
53.0%
Property Type-Detached
MLS® Number-X13846082
Beds-2
Bathrooms-1
Size-< 700 sqft
Lot Size-147 × 300 ft
Listed on site-Sep 30, 2026
Style-Bungalow
Building Type-Detached
Parking-3 - None
Basement-None
Heating-Other (Other)
Brokerage-RE/MAX Grey Bruce Realty Inc.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Cedar
Roof-Asphalt Shingle
Foundation-Piers
Sewer-Septic
Possession-flexible
Neighbourhood-Native Leased Lands
Title-Residential Freehold

No agent assigned

Darling leased-land cabin in the sought-after French Bay neighbourhood, just a couple of minutes' stroll from one of the area's favourite stretches of sandy beach. Hear the waves from the porch, load up the wagon for a day at the beach, and catch the sunset every evening of the summer. This charming two-bedroom cottage has been updated inside and out, while talented gardeners have artistically curated the beautifully landscaped grounds with a true vision for the property. It's the kind of place you notice when you drive by. Inside, the space is compact yet current, with airy ceiling heights, an updated kitchen and bathroom, newer flooring and fresh paint. Outdoors is where this little gem truly lives large, with several inviting seating areas, a vegetable garden, firepit seating, a covered porch and wraparound deck added in 2024, a privacy fence, and a wired and insulated bunkie. Additional improvements include an approved new septic in 2023, new sandpoint, tank and filter, soffit, gutters and downspouts in 2023, and an EV charger. Beautiful in its simplicity and ready to enjoy, this is an easy little escape where the beach is close, the gardens are lovely, and the sound of the waves is part of everyday life. Native Leased Land. Current annual lease is $5250 & annual service fee is $1300

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

Closing Costs

Mortgage Amount
$144,000
Land Transfer Taxes$1,525
Legal Fees (Est.)
$
Total cash required for closing$39,025

Total Monthly Obligation

$1,101/mo
Mortgage $726
Monthly Loss $910
Principal$191
Interest$535
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
12.2%96
Cash-on-Cash
34.2%100
5-Year IRR
44.7%100
10-Year IRR
41.4%
Returns Index
99.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
84/ 100
Good•Buy

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
$21,960/yr
Net Cash Flow
$1,104/mo
Cash Margin
45.1%100
Cash Flow Index
99.8/ 100
Risk Profile
Weight: 20%
DSCR
2.5299
LTV Ratio
80.0%18
Vacancy Buffer
8.2 mo98
Risk Index
72.0/ 100

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

Comparables

Properties near 1326 S Second Avenue S

Time

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