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Investment signal

$699,900

11 APPLE LANE

Save this home

Beds

5

Baths

1

Sqft

Year

Type

Single Family

Suite

Investment signal

Location nearby

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

About this home

Experience a serene setting with spectacular views of the Nine Mile River and the Lake Huron shoreline. This cozy 3+2 bedroom cottage retreat in the quaint village of Port Albert offers the best of both worlds, with lake and river views right at your front door and approximately 102' of river frontage. A fisherman's dream, a cozy weekend getaway, family cottage or investment property. This move-in ready, 1400 sq. ft. seasonal cottage features a rustic wood-lined interior, vaulted ceilings, and a free-standing wood stove. The open-concept living, dining, and kitchen area is perfect for entertaining. The updated, bright kitchen provides ample storage and patio door access to both the side deck and a covered front deck where you can enjoy panoramic views, the sound of the river, and stunning sunsets. The main floor includes a generous primary bedroom with double closets, two additional bedrooms, and a 3-piece bath with a tile-lined shower. A loft provides two additional sleeping areas, and the layout is completed by a dedicated storage room and mudroom. Outside, the property is surrounded by beautiful scenery and includes a riverside fire pit for relaxing campfires just steps away from a sandy beach. This peaceful retreat is also conveniently located a short drive from Goderich and Kincardine, offering easy access to shopping, golf, and more. (id:65958)

Subtype
Single Family
Structure
House
Community
Ashfield
Common interest
Freehold
Lot dimensions
142.6 FT
Bedrooms
5 above grade
Parking
4 total
Stories
1.5
Fireplace
1
On market
Apr 23, 2026
Status changed
Apr 28, 2026
Annual tax
$2,680
Photos
29
MLS#
X13036860
Area
ASHFIELD-COLBORNE-WAWANOSH_(ASHFIELD)

Features and systems

Parking

No Garage

Basement

None

Appliances

RefrigeratorStoveMicrowaveWater Heater

Heating

Other

Cooling

None

Exterior

Vinyl siding

Foundation

Wood/Piers

Lot

Irregular lot size

View

ViewDirect Water View

Waterfront

Waterfront on river

Security

Smoke Detectors
Negative cash flow ~$788/mo at these assumptions

Cash on cash

-6.75%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,329

Financing

Down payment$139,980
Loan amount$559,920
Mortgage$2,837/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$321
Insurance$80
Maintenance$583
CapEx reserve$292
Vacancy loss$175

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 $2,837/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 28, 2026.

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