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Manitou Beach · Single Family · under $600,000 · 3+ bed · 2+ bath. Alerts only send when there are new or meaningfully updated matching homes.
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202-206 Elizabeth AVENUE
If you are looking for a property in the beautiful Resort Village of Manitou Beach with an established thriving retail & entertainment component this is it! Or maybe you're looking for just a home with a massive yard, numerous outbuildings & beautiful garden for your personal enjoyment - this is it! For the last 10 years the current owner has developed a unique property centred around art & culture & it has become a destination for all walks of life. There are numerous small inviting spaces being used for the display & sale of independent artists works & the grounds are a delight to explore for all ages. Music has also been a draw through the years for locals & travellers alike & the property features a stage that is often graced with talented musicians for all to enjoy. Recently an outdoor wedding chapel & dining component have been addedl. The property has been granted mixed use & is operating a modest food and beverage business, a 2 bedroom vacation rental and a long term rental suite. Why not make this property your personal place as it has been developed to accommodate so many possibilities & is a must see to fully appreciate all it has to offer. It is the property being sold, but the opportunity to continue on with the same concept and consignment vendors is an option & with the infrastructure that has been put in place the transition could be somewhat seamless. Maybe you have your own passion project you have been waiting to develop in an environment that is health & art centric. Live, work & play in the Resort Village of Manitou Beach offering the healing waters & many amenities not available in other resorts, such as reverse osmosis water & full sewer system. No hauling water and no septic! There are too may details about this amazing property to list & only a personal tour will paint the whole picture. Call for more details & to make arrangements for your personal tour, you won't be disappointed! Click the video link for exterior footage! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Kitchen/Dining room | 14.4 × 7.3 feet | |
| Bedroom | 11.5 × 7.5 feet | |
| Den | 10 × 7.1 feet | |
| 3pc Bathroom | — | |
| Laundry room | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 10 × 8.7 feet | |
| Kitchen/Dining room | 15.3 × 13.8 feet | |
| Bedroom | 11.3 × 8.2 feet | |
| Bedroom | 9.7 × 8.4 feet | |
| 4pc Bathroom | — |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 24 × 13.7 feet | |
| Bedroom | 12.9 × 9.1 feet | |
| 4pc Bathroom | — | |
| Laundry room | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.24%
Cap rate
4.62%
GRM
13.9
Break-even rent
$3,419
Financing
Operating expenses (monthly)
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Approximation 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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Mar 5, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.