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Investment signal

$399,000

5 - 111 NORTH SHORE ROAD

Save this home

Beds

2

Baths

1

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

AFFORDABLE GEORGIAN BAY! GORGEOUS Waterfront Views! Desirable Sandy Beach, Memorable Western Sunsets! This 3 Season, 2 bedroom Cottage Condominium Waterfront is 'Turnkey', Enjoy Designated Dock Slip, New Custom fully equipped kitchen, Features soapstone counters, Farmers sink, Stainless appliances, Includes Quality Furniture & contents, Everything you need to enjoy Cottage Life! Just bring your suitcase! Updated 4 pc bath w heated floors, Large Private sundeck with new glass railings to enjoy the Bay Views & Breezes, Spiral staircase off deck for convenient 2nd access, Easy level entry to your Cottage Bungalow, No need to worry about grass cutting or property maintenance. Only $366.14 per month includes Dockage, Property Maintenance, Water & sewer, Internet & TV, Families of all ages will love the Private Sandy Beach, Fire pit areas, Swimming pool, New PICKLE BALL courts, Tennis Courts, Gym, Great fishing & swimming, Protected waters & bay views, (Rental income potential; Opportunity to rent through Pleasant Cove Resort & help pay expenses), All while enjoying your own Waterfront Condo on Georgian Bay, Explore the 30,000 Islands, Ojibway Club, Pointe au Baril Station Restaurant & amenities, Liquor store, Nurses station, 25 mins to Parry Sound, 2.5 hours to the GTA, INVEST TODAY & MAKE YOUR COTTAGE DREAM A REALITY! (id:65958)

Subtype
Single Family
Architectural style
Bungalow
Structure
House
Community
Archipelago North
Common interest
Freehold
Bedrooms
2 above grade
Parking
2 total
Stories
1
On market
Apr 20, 2026
Status changed
Apr 20, 2026
Annual tax
$1,189 (2025)
Photos
37
MLS#
X13020888
Area
THE_ARCHIPELAGO_(ARCHIPELAGO_NORTH)

Features and systems

Parking

No Garage

Basement

Crawl space

Appliances

RefrigeratorDishwasherStoveMicrowaveWater Heater

Heating

Baseboard heatersElectric

Cooling

None

Exterior

Wood

Foundation

Wood/Piers

Lot

Irregular lot sizeCarpet Free

View

Direct Water View

Waterfront

Waterfront

Pool

Above ground pool

Utilities

Electricity
Negative cash flow ~$479/mo at these assumptions

Cash on cash

-7.20%

Cap rate

3.42%

GRM

16.6

Break-even rent

$2,504

Financing

Down payment$79,800
Loan amount$319,200
Mortgage$1,617/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$183
Insurance$80
Maintenance$333
CapEx reserve$166
Vacancy loss$100

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 $1,617/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.

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