1 / 25
Investment signal

$349,000

115 Roderick MacKenzie Lane

Beds

2

Baths

1

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

About this home

Welcome to this beautifully renovated 2-bedroom waterfront cottage, offering the perfect blend of modern comfort and coastal charm. Fully updated in 2018, this property is ideal as a seasonal getaway, investment opportunity, or peaceful retreat by the water. Situated on a spacious lot, the home features both a large front and backyard-perfect for outdoor living, entertaining, or simply relaxing in a serene setting. Two expansive decks provide approximately 450 sq. ft. of additional outdoor living space, ideal for sunbathing, dining, or enjoying evening bonfires. The 600 sq. ft. interior is thoughtfully designed with a bright, open-concept kitchen and living area, both capturing stunning 180-degree water. views. Enjoy watching sailboats, fishing vessels, and pleasure craft pass by, along with breathtaking sunsets and the distant glow of nearby town lights. Finished in a stylish coastal décor, the home features grey barn board-style flooring, sliding barn doors, and a timeless grey and white colour palette. The property offers two comfortable bedrooms, a full bathroom with tub, a fully equipped kitchen with fridge, stove, microwave, and dishwasher, as well as a convenient washer/dryer combo. Recent upgrades include a solar power system installed in 2024, producing approximately 99-109% of the home's energy needs, and an electric forced air heating and cooling system installed in 2022, providing both efficient heating and air conditioning. This turnkey waterfront property presents a rare opportunity to own a low-maintenance, energy-efficient cottage in a beautiful and relaxing setting. (id:65958)

Subtype
Recreational
Architectural style
Cottage, Camp
Structure
Recreational
Community
Lower Montague
Common interest
Freehold
Lot size
0.26
Lot dimensions
0.26
Bedrooms
2 above grade, 0 below grade
On market
Apr 14, 2026
Status changed
Apr 14, 2026
Photos
25
MLS#
202607360
Area
LOWER_MONTAGUE

Features and systems

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowave

Heating

Baseboard heatersElectricWall Mounted Heat Pump

Exterior

Vinyl

Flooring

LaminateVinyl

Foundation

Poured ConcreteConcrete Block

Lot

SlopingPartially cleared

Community

Recreational Facilities

Waterfront

Waterfront
Negative cash flow ~$584/mo at these assumptions

Cash on cash

-10.04%

Cap rate

3.88%

GRM

15.3

Break-even rent

$2,515

Financing

Down payment$69,800
Loan amount$279,200
Mortgage$1,713/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160
Insurance$80
Maintenance$291
CapEx reserve$145
Vacancy loss$95

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $1,713/mo at 5.49% with 20% down, 25-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 14, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.