9 Ravine Park Drive N, Central Huron

$499,999
9 Ravine Park Drive N

$499,999

New
4d
DetachedBungalow

9 Ravine Park Drive N, Central Huron

Total Monthly Obligation $2,570

Beds
2
Baths
2
Park
2
Sqft
< 700
DOM
4d
Score
23
Yield
5.8%
Cash on Cash
1.3%
Cap Rate
4.9%
5Y IRR
16.6%
10Y IRR
15.4%
Property Type-Detached
MLS® Number-X14092688
Beds-2
Bathrooms-2
Size-< 700 sqft
Lot Size-0.113 Acres
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,134 (2025)
Parking-2 - None
Basement-Crawl Space
Heating-Baseboard (Electric)
Brokerage-K.J. Talbot Realty Incorporated
Cooling-Window Unit(s)
Laundry-No
Fireplace-Freestanding, Natural Gas
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Holding Tank
Possession-Flexible
Neighbourhood-Goderich
Title-Residential Freehold

No agent assigned

Opportunity Awaits! Lakeview Gem at Bluewater Beach, a peaceful year-round lakeside community just minutes south of Goderich. This spectacular LAKEVIEW 4 season cottage offers the perfect retreat or investment opportunity, currently operating as a successful established Airbnb with strong annual income. Featuring 2 bedrooms, 3 pc bath, open concept living space. This vinyl sided cottage with asphalt roof is tastefully decorated. Laminate flooring throughout. White painted kitchen cabinetry with large island and stone counters. Free standing gas fireplace with additional electric baseboard heat. Large windows & patio door provide tons of natural light and panoramic views of Lake Huron. Patio doors lead to a spacious 2 tier deck with gazebo, ideal for relaxing, entertaining, and watching world class sunsets. A quaint and cozy bunkie adds extra accommodations with bunk beds and a 1 pc bath-perfect for guests or added rental potential. Additional updates include a newer holding tank system (2022). Additional storage shed for extra storage space. The property backs onto parkland and green space, and is just a short walk to community beach access. Move in ready and affordably priced, this cottage offers the calm and charm of lakeside living-an ideal summer retreat or cozy winter getaway.

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

Closing Costs

Mortgage Amount
$399,999
Land Transfer Taxes$6,475
Legal Fees (Est.)
$
Total cash required for closing$107,975

Total Monthly Obligation

$2,570/mo
Mortgage $2,017
Monthly Loss $2,039
Principal$531
Interest$1,486
Property Tax$178
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.6%3
5-Year IRR
12.0%50
10-Year IRR
12.2%
Returns Index
26.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$28,800/yr
NOI
$19,286/yr
Net Cash Flow
-$410/mo
Cash Margin
-17.1%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
32.1/ 100

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

Comparables

Properties near 9 Ravine Park Drive N

Time

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