62 Mill Lake Trail, McDougall

$849,900
62 Mill Lake Trail

$849,900

New
10d
Detached3-Storey

62 Mill Lake Trail, McDougall

Total Monthly Obligation $4,094

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
10d
Score
16
Yield
3.5%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Detached
MLS® Number-X14032854
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-278 ft (front)
Listed on site-Oct 13, 2026
Style-3-Storey
Building Type-Detached
Taxes-$3,485 (2025)
Parking-4 - None
Basement-Finished with Walk-Out
Heating-Heat Pump (Electric)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Piers
Sewer-Septic
Possession-Immediate
Neighbourhood-McDougall
Title-Residential Freehold

No agent assigned

Welcome to 62 Mill Lake Trail - a private, four-season waterfront retreat on beautiful Mill Lake, featuring over 275 feet of owned shoreline and west-facing exposure for spectacular sunsets. Tucked away at the end of the road, this exceptional property offers a peaceful natural setting with a sandy beach, multiple walkout decks, generous outdoor entertaining spaces, an outdoor shower and a floating swim dock. The fully winterized, turnkey cottage features 3 bedrooms, 2 bathrooms and a finished lower-level recreation room, complemented by tasteful granite accents throughout. Recent upgrades include a new septic system, modern appliances and a high-efficiency heat pump for year-round comfort. Enjoy exceptional privacy, with no neighbours on one side, plus cleared space offering potential for a future garage or bunkie, subject to municipal approvals. Mill Lake connects to the scenic three-lake chain, providing opportunities for boating, fishing, paddling and exploring the area's quiet shorelines and bays. Conveniently located approximately 15 minutes from Parry Sound, with easy access to Highway 400, nearby snowmobile and cross-country ski trails, golf courses, shopping and dining. Whether you're seeking a family cottage, a year-round residence or a private waterfront escape, this special property offers the perfect setting to relax, reconnect and enjoy waterfront living in every season. Property is being sold in "as is, where is" condition, with no representations or warranties made by the Seller.

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

Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$4,094/mo
Mortgage $3,428
Monthly Loss $3,192
Principal$902
Interest$2,526
Property Tax$290
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.1%0
5-Year IRR
6.1%14
10-Year IRR
7.5%
Returns Index
8.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$30,000/yr
NOI
$19,015/yr
Net Cash Flow
-$1,844/mo
Cash Margin
-73.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.0/ 100

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

Comparables

Properties near 62 Mill Lake Trail

Time

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Data last updated within the past 24 hours.