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Investment signal

$999,000

682 DORCAS BAY ROAD

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location 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.

About this home

A remarkable property on Dorcas Bay Road is wonderful home or cottage. This raised bungalow with beautiful views of Lake Huron on a sheltered inlet. A 4 season escape from your busy life. Relax in this cozy retreat. The primary bedroom, with a spacious private en-suite just melts your worries in the large bath tub. Relax by the water or enjoy a game of table tennis in the large rec room. A forced air propane furnace with central air will keep you comfortable year round. This amazing property has everything you are looking for. Close to Cyprus Lake and Tobermory. A wonderful place to entertain with open living space on the main floor with a charming fire place. Indulge yourself in this relaxing retreat on the Bruce Peninsula. As an Airbnb this property generates approximately $100,000.00 per year in rental income. (id:65958)

Subtype: Single Family
Architectural style: Raised bungalow
Structure: House
Community: Northern Bruce Peninsula
Common interest: Freehold
Lot dimensions: 100 x 493.5 FT
Bedrooms: 4 above grade
Parking: 5 total
Stories: 1
Fireplace: 1
On market: Apr 21, 2026
Status changed: Apr 21, 2026
Annual tax: $6,384 (2025)
Photos: 50
MLS#: X13023756
Area: NORTHERN_BRUCE_PENINSULA

Features and systems

Parking

Attached GarageGarage

Basement

Partially finishedN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveWater TreatmentGarage door opener remote(s)

Heating

Forced airPropane

Cooling

Central air conditioning

Exterior

Vinyl siding

Foundation

Concrete

View

Lake viewView of waterDirect Water View

Waterfront

Waterfront on lake

Negative cash flow ~$1,086/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

-6.52%

Cap rate

3.56%

GRM

16.6

Break-even rent

$6,143

Financing

Down payment$199,800

Loan amount$799,200

Mortgage$4,049/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$458

Insurance$80

Maintenance$833

CapEx reserve$416

Vacancy loss$250

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 $4,049/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 21, 2026.