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Investment signal

$1,799,000

1023 KINGSRIDGE COURT

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Beds

Baths

3 full + 1 half

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lake of Bays (Franklin). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 1023 Kingsridge Ct, This spacious 4 Bed 2.5 bath boasts ample natural lighting and a massive open concept layout, Ground level master bedroom with walk-in closet and a full 4 piece en-suite, Additional bedrooms on the upper level with a large basement with additional potential for more living space. Thousands in upgrades, a fully enclosed Muskoka outdoor room for you and your guests to enjoy, nestled at the top of a dead end street surrounded by trees and conservation forest, this retreat is ideal for luxury cottage living and also boasts a huge opportunity for short-term rental income. (id:65958)

Subtype: Single Family
Community: Franklin
Common interest: Condo/Strata
Bedrooms: 4 above grade
Parking: 10 total
Condo/HOA fee: $175 monthly
Stories: 2
Fireplace: Yes
On market: Mar 13, 2026
Status changed: Apr 20, 2026
Annual tax: $4,015.84
Photos: 33
MLS#: X12880908
Area: LAKE_OF_BAYS_(FRANKLIN)

Features and systems

Parking

Attached GarageGarage

Basement

UnfinishedFull

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveHood FanGarage door opener remote(s)

Heating

Forced airPropane

Cooling

Central air conditioning

Exterior

BrickAluminum siding

Flooring

Hardwood

Lot

Cul-de-sacSlopingRavineConservation/green beltBalcony

Community

Pets Allowed With Restrictions

View

Fee includes

Common Area Maintenance

Negative cash flow ~$1,896/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.32%

Cap rate

3.60%

GRM

16.7

Break-even rent

$10,995

Financing

Down payment$359,800

Loan amount$1,439,200

Mortgage$7,292/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$825

Insurance$80

Maintenance$1,499

CapEx reserve$750

Vacancy loss$450

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $7,292/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.