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Investment signal

$589,000

4 LEGION STREET

Beds

Baths

Sqft

—

Year

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Location

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About this home

Welcome to 4 Legion Street! Just steps from the water and a stone's throw from the Tobermory shops, this location will be hard to beat. The large, wrap-around porch is inviting, perfect for having a morning coffee or getting a breath of fresh air. Rarely does a property check every box for the sophisticated investor and the lifestyle seeker simultaneously. Nestled in the heart of Ontario's premier tourist destination, this fully renovated masterpiece offers the potential for entry into Tobermory's lucrative short-term rental market. This isn't just a home-it's a high-performance asset.There are also two convenient 2 unique lofts that are amazing for natural light and storage or having the grandkids visit for the summer! Whether you're searching for a cottage, investment property, or a year-round home, this beautiful Tobermory house might just be what you've been looking for! (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: Northern Bruce Peninsula
Common interest: Freehold
Lot dimensions: 75.1 x 165.6 FT
Bedrooms: 2 above grade
Parking: 5 total
Stories: 1
On market: Apr 13, 2026
Status changed: Apr 13, 2026
Annual tax: $2,168.86
Photos: 26
MLS#: X12990046
Area: NORTHERN_BRUCE_PENINSULA

Features and systems

Parking

No Garage

Basement

Crawl space

Appliances

WasherRefrigeratorWater purifierWater softenerDishwasherStoveDryerWater TreatmentWater Heater

Heating

Baseboard heatersElectric

Cooling

None

Exterior

Vinyl siding

Foundation

Poured Concrete

Lot

Carpet FreeGuest Suite

Negative cash flow ~$1,174/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

-11.96%

Cap rate

3.50%

GRM

16.6

Break-even rent

$4,186

Financing

Down payment$117,800

Loan amount$471,200

Mortgage$2,891/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$270

Insurance$80

Maintenance$491

CapEx reserve$245

Vacancy loss$148

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

Mortgage estimate

Estimated $2,891/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 13, 2026.