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Investment signal

$629,000

68 FOREST HARBOUR Parkway

Beds

Baths

Sqft

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Year

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Location

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About this home

Rare Beachside Opportunity: Turnkey Modern Retreat with High-Yield Potential Experience the perfect blend of coastal luxury and smart investing at 68 Forest Harbour Parkway. Perfectly situated just steps from the pristine shores of Georgian Bay, this meticulously upgraded bungalow is a masterclass in modern cottage design. This isn't just a home; it’s a high-performing asset. Boasting an incredible track record for short-term rental income (full ROI data available), the property features a sleek, cottage-core aesthetic that commands premium rates year-round. The main level is bathed in natural light, featuring an open-concept living area, a chef-inspired kitchen with quartz countertops, and a seamless walk-out to an expansive west-facing deck—your front-row seat to world-class sunsets. With 3 spacious bedrooms and a spa-like bath, every inch has been optimized for guest comfort. Significant 2026-ready upgrades include a high-efficiency HVAC system, Hardie Board siding, and a metal roof for zero maintenance ownership. Whether you’re looking for a private family sanctuary or a turnkey addition to your investment portfolio, this Forest Harbour gem delivers. Walk to the beach, launch your boat nearby, or relax by the fire pit—your Georgian Bay lifestyle starts here. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: TA76 - Rural Tay
Common interest: Freehold
Living area: 1,118 square feet
Bedrooms: 3 above grade, 0 below grade
Parking: 6 total
Stories: 1
On market: Mar 10, 2026
Status changed: Apr 16, 2026
Annual tax: $1,223
Zoning: RR
Photos: 22
MLS#: 40811027
Area: WAUBAUSHENE

Features and systems

Basement

UnfinishedCrawl space

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced airPropane

Cooling

Central air conditioning

Exterior

Hardboard

Lot

Crushed stone drivewayCountry residential

Utilities

Electricity

Negative cash flow ~$1,249/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.92%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,465

Financing

Down payment$125,800

Loan amount$503,200

Mortgage$3,087/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$288

Insurance$80

Maintenance$524

CapEx reserve$262

Vacancy loss$158

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 Waubaushene. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,087/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 16, 2026.