51 Bayside Drive, McMurrich/Monteith

$500,000
51 Bayside Drive

$500,000

New
20d
DetachedBungalow

51 Bayside Drive, McMurrich/Monteith

Total Monthly Obligation $2,608

Beds
3
Baths
2
Park
6
Sqft
700-1100
DOM
20d
Yield
6.0%
Cash on Cash
1.9%
Cap Rate
5.0%
5Y IRR
17.1%
10Y IRR
15.9%
Property Type-Detached
MLS® Number-X13858910
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-112.53 × 256.39 ft
Listed on site-Oct 3, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$2,591 (2025)
Parking-6 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-None
Laundry-No
Fireplace-Wood Stove
Pool-None
Facing-North
Exterior-Other
Roof-Asphalt Shingle
Foundation-Piers
Sewer-Septic
Possession-Immediate
Neighbourhood-Bear Lake
Title-Residential Freehold

No agent assigned

LAKEFRONT LIVING ON BEAR LAKE - 102 FEET OF WATERFRONT! Escape to the serenity of Bear Lake with this charming 2-bedroom, 1-bathroom cottage, offering picturesque lake views and year-round enjoyment. Nestled on over half an acre, this property boasts a gentle slope to the water's edge and a 780 sq ft wrap-around deck, perfect for taking in the breathtaking scenery. The cozy cottage features a spacious living room with a stunning lake view and a wood stove for added ambiance and cost-effective heating. In addition, a separate 294 sq ft two-storey bunkie with a new upper-level deck and composting toilet offers extra space for guests or a private retreat. Whether you're seeking summer adventures on the lake or winter fun on the nearby snowmobile trails, this property is ideal for outdoor enthusiasts. Located just 40 minutes from Hidden Valley, it's easily accessible on a municipally maintained road, providing convenience and a sense of community. Bear Lake, situated in the Parry Sound District, is a hidden gem known for its clear waters, perfect for swimming, fishing, kayaking, and canoeing. Surrounded by lush forests and scenic hiking trails, it's an outdoor lover's paradise. The mix of cottages and year-round homes creates a tranquil yet vibrant atmosphere, making Bear Lake a highly desirable location for those seeking a peaceful escape. Don't miss out on this rare opportunity - schedule your private showing today and start living the lake life!

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Closing Costs

Mortgage Amount
$400,000
Land Transfer Taxes$6,475
Legal Fees (Est.)
$
Total cash required for closing$107,975

Total Monthly Obligation

$2,608/mo
Mortgage $2,017
Monthly Loss $2,077
Principal$531
Interest$1,486
Property Tax$216
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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

Comparables

Properties near 51 Bayside Drive

Time

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