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Investment signal

$598,000

2073 KATE AVENUE

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Beds

Baths

Sqft

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Year

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Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Innisfil (Alcona). 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 2073 Kate Ave - a versatile investment opportunity in a quiet, mature neighbourhood near Lake Simcoe. This unique property features two separate structures situated on a generous 60'x200' corner lot, offering flexibility for a variety of uses. The main house offers brand new kitchen cabinets with quartz countertops, 2 bedrooms, a 4-piece bath, an open-concept kitchen and family room. Included is a combined washer/dryer unit with all kitchen appliances. Large windows provide an abundance of natural light. The second structure is currently outfitted with utilities and includes a 4 piece bath, kitchen appliances and a washer/dryer unit. The living space offers excellent flexibility - ideal for personal use, extended family, home office, or workshop, and can be converted back to a garage depending on buyer needs.Additional features include a covered front porch, large shared storage shed, individual garden sheds, ample parking, and mature trees providing privacy and strong curb appeal on a sought after street surrounded by newer custom build homes! Conveniently located within walking distance to Lake Simcoe private beaches, library, parks, and recreation facilities, and close to schools and all amenities. A rare opportunity offering multiple-use potential and long-term upside in a desirable area. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: Alcona
Common interest: Freehold
Lot dimensions: 60 x 200 FT
Bedrooms: 2 above grade
Parking: 6 total
Stories: 1
On market: Apr 2, 2026
Status changed: Apr 13, 2026
Annual tax: $3,260
Photos: 31
MLS#: N12952360
Area: INNISFIL_(ALCONA)

Features and systems

Parking

No Garage

Basement

None

Heating

Heat PumpBaseboard heatersNot knownElectricElectric

Cooling

None

Exterior

Wood

Foundation

Unknown

Negative cash flow ~$676/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

-6.78%

Cap rate

3.51%

GRM

16.6

Break-even rent

$3,711

Financing

Down payment$119,600

Loan amount$478,400

Mortgage$2,424/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$274

Insurance$80

Maintenance$498

CapEx reserve$249

Vacancy loss$150

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 $2,424/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 13, 2026.