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Investment signal

$449,000

98 WEST HAM LAKE ROAD

Save this home

Beds

3

Baths

1

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Killarney. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Four-Season Waterfront Cottage with Proven Rental Income This charming 3-bedroom, 1-bathroom waterfront cottage on Ham Lake offers the perfect blend of comfort, community, and income potential. This fully winterized, four-season home or cottage delivers the ideal balance of relaxation and convenience. Inside, you'll find tongue-and-groove pine accents, a bright open-concept living area, and a well-equipped kitchen with included appliances. Large windows fill the space with natural light and showcase tranquil lake views, while the warm, rustic interior makes it perfect for family getaways or weekend escapes. Step outside to enjoy a private aluminum dock, fire pit, and gazebo overlooking the clear, spring-fed waters of Ham Lake, or unwind on the elevated deck with Muskoka chairs. The property includes parking for up to six vehicles and strong cell service, offering both comfort and practicality. Outdoor enthusiasts will appreciate the excellent fishing, ice fishing and skating in winter, and snowmobile trails within 3 km, with over 400,000 acres of Crown land next door and Georgian Bay less than 10 minutes away. Conveniently located off Hartley Bay Road, near Highway 69 and the French River Trading Post, it's within easy reach of Killarney Provincial Park and Sudbury. A rare opportunity to own a waterfront home that combines lifestyle, comfort, and investment value in the heart of Northern Ontario. (id:65958)

Subtype
Single Family
Structure
House
Common interest
Freehold
Lot dimensions
100 FT ; IRREGULAR
Bedrooms
3 above grade
Parking
6 total
Stories
1.5
Fireplace
1
On market
Apr 22, 2026
Status changed
Apr 23, 2026
Annual tax
$2,105.6
Zoning
Seasonal/ Recreation
Photos
20
MLS#
X13033084
Area
KILLARNEY

Features and systems

Parking

Detached GarageGarage

Basement

None

Appliances

WasherDryer

Heating

Baseboard heatersNot knownNot knownElectricWood

Cooling

None

Exterior

Vinyl siding

Foundation

Wood/Piers

Lot

Irregular lot sizeCarpet FreeGazebo

View

Unobstructed Water View

Waterfront

Waterfront

Utilities

Electricity
Negative cash flow ~$387/mo at these assumptions

Cash on cash

-5.17%

Cap rate

3.83%

GRM

15.6

Break-even rent

$2,807

Financing

Down payment$89,800
Loan amount$359,200
Mortgage$1,820/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$206
Insurance$80
Maintenance$374
CapEx reserve$187
Vacancy loss$120

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 $1,820/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 23, 2026.

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