54 Cedar Drive, Hastings Highlands

$799,000
54 Cedar Drive

$799,000

New
21d
DetachedBungalow

54 Cedar Drive, Hastings Highlands

Total Monthly Obligation $4,048

HausQ Valuation Report
Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
21d
Score
15
Yield
3.3%
Cash on Cash
-10.4%
Cap Rate
2.3%
5Y IRR
7.4%
10Y IRR
8.3%
Property Type-Detached
MLS® Number-X13855828
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-120 × 632 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$5,400 (2025)
Parking-4 - Detached
Basement-Full
Heating-Forced Air (Propane)
Brokerage-Century 21 Granite Realty Group Inc.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-Flexible
Neighbourhood-Herschel Ward
Title-Residential Freehold

No agent assigned

Fabulous Lakefront Home: This property sports a 3 bedroom 2 1/2 bath home on a beautifully landscaped 2.3 acre waterfront lot on beautiful Redmond Bay, just minutes from downtown Bancroft in a very private setting. This home features 3 bedrooms with a large 4 piece main bath and amazing ensuite and main floor laundry. The kitchen and dining room are open concept and the living room has a beautiful fireplace and fantastic views across the lake. You can also sit out on the large decks and enjoy the sunshine and views of the lake with a glass of wine. The large primary bedroom has a stand up propane fireplace to enjoy chilly evenings. The property has a 2 car fully insulated garage plumbed for propane heat and a large storage shed for your gardening tools. New roof in 2023 on house and new roof on garage in 2022. This is a Quality Engineered Home built in 2008 insulated to R24. Property has manicured grounds, natural shoreline and dock, fantastic for canoeing, kayaking and fishing. The unfinished basement is a blank canvas ready for you to complete. The list goes on and on. Come and have a look, you will not be disappointed!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$4,048/mo
Mortgage $3,223
Monthly Loss $3,200
Principal$848
Interest$2,375
Property Tax$450
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%11
Cash-on-Cash
-14.4%0
5-Year IRR
4.3%9
10-Year IRR
6.3%
Returns Index
5.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$26,400/yr
NOI
$13,860/yr
Net Cash Flow
-$2,068/mo
Cash Margin
-94.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.363
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
19.8/ 100

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

Comparables

Properties near 54 Cedar Drive

Time

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Data last updated within the past 24 hours.