496 Berford Lake Road, South Bruce Peninsula

$349,900
496 Berford Lake Road

$349,900

New
23d
DetachedBungalow-Raised

496 Berford Lake Road, South Bruce Peninsula

Total Monthly Obligation $1,935

Beds
2
Baths
2
Park
4
Sqft
700-1100
DOM
23d
Score
35
Yield
7.9%
Cash on Cash
9.8%
Cap Rate
6.7%
5Y IRR
23.5%
10Y IRR
21.2%
Property Type-Detached
MLS® Number-X13846358
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-177 × 400 ft
Listed on site-Sep 30, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$1,785 (2026)
Parking-5 - Attached
Basement-Crawl Space
Heating-Heat Pump (Propane)
Brokerage-RE/MAX Grey Bruce Realty Inc.
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block, Concrete
Sewer-Septic
Possession-Possession can be flexible
Neighbourhood-South Bruce Peninsula
Title-Residential Freehold

No agent assigned

Nestled near picturesque Berford Lake and the town of Wiarton, this charming 1.63-acre property offers a meticulously maintained 2-bedroom, 2-bathroom home or cottage that clearly reflects pride of ownership. Surrounded by mature trees, the well-treed lot provides a quiet, private setting-ideal for nature lovers seeking peace and tranquillity. The attached single-car garage and well-manicured landscaping enhance the property's serene atmosphere, making it a perfect retreat for first-time buyers, downsizers, or those looking for a peaceful retirement escape. Inside, the home features newer windows, a new (July 2026) shingled roof, in-floor heating, and hardwood flooring throughout. Upgraded insulation, along with a heat pump and air conditioning, helps ensure year-round comfort and energy efficiency. An enclosed front porch offers a cozy space to relax and take in the surrounding natural beauty. Additional highlights include a portable back-up generator for reliable backup power in the event of a power outage, a 100-foot drilled well providing a dependable water source, and ample outdoor storage. All together, this property delivers a comfortable, inviting countryside haven in a sought-after Bruce Peninsula location.

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

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$1,935/mo
Mortgage $1,411
Monthly Loss $1,564
Principal$371
Interest$1,040
Property Tax$149
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.3%41
Cash-on-Cash
2.1%12
5-Year IRR
17.4%84
10-Year IRR
16.6%
Returns Index
46.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
35/ 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
$27,540/yr
NOI
$18,501/yr
Net Cash Flow
$130/mo
Cash Margin
5.7%13
Cash Flow Index
13.4/ 100
Risk Profile
Weight: 20%
DSCR
1.0935
LTV Ratio
80.0%18
Vacancy Buffer
4.9 mo82
Risk Index
44.9/ 100

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

Comparables

Properties near 496 Berford Lake Road

Time

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