$275,000

485B - 5139 HALSTEAD BEACH ROAD, Hamilton Township (Bewdley), Ontario, K0L 1E0

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MLS® # X11957345

2 Beds

1 Bath

FEETSQ sqft

Property Information:

Welcome to your slice of paradise! This 2-bedroom, 1-bath mobile home is more than just a property - it's a lifestyle upgrade. Tucked away in a serene setting with jaw-dropping views of Rice Lake, this home perfectly balances cozy charm with intelligent design. Located just a 20-minute drive to Port Hope, Cobourg, or Peterborough, you'll enjoy the perfect blend of tranquillity and convenience. The moment you step inside, you'll feel right at home. The open-concept living, dining, and kitchen area is ideal for hosting family dinners or simply soaking in the peace and quiet. Need storage? This home has you covered with clever built-ins and a layout that makes the most of every square inch. The primary bedroom is your cozy retreat, while the second bedroom has built-in bunk beds - perfect for visiting guests with little adventurers. The sizeable 3-piece bathroom boasts a skylight to shower in natural light, while pocket doors add style and functionality. Convenience is key, with a washer/dryer combo tucked neatly inside. And when the seasons change, you'll stay comfortable year-round thanks to forced air propane heating and central air. Outside, step onto the deck and prepare to be amazed - sunsets over Rice Lake are like living art. The fully fenced private yard offers a safe space for pets, visiting kids, or your favourite garden project, and the boat launch just down the street means endless days of fishing, boating, or paddling are right at your fingertips. Whether you're searching for a year-round home or a vacation retreat, this gem has it all: charm, convenience, and breathtaking views! (id:27)

Building Features:

Style: Detached
Building Type: Mobile Home
Amenities: Separate Hydro Meters
Architectural Style: Bungalow
Basement Type: Crawl space
Exterior Finish: Vinyl siding
Fire Protection: Smoke Detectors
Foundation Type:
Heating Type: Forced air
Heating Fuel: Propane
Cooling Type: Central air conditioning
Appliances: Dishwasher, Dryer, Microwave, Range, Stove, Washer, Window Coverings, Refrigerator

Property Features:

Property Type: Single Family
Bedrooms: 2
Bathrooms: 1
Amenities Nearby:
Community Features: Fishing
Features: Cul-de-sac, Wooded area, Lighting, Level
Fence Type: Fenced yard
Structure Type: Deck, Shed
Surface Water:
Utility Type: Cable - Installed
View Type: Lake view
Sewer: Septic System
Parking Type: No Garage
No. of Parking Spaces: 1

Rooms:

Kitchen Main Level 2.98 m x 3.94 m
Living Main Level 4.04 m x 3.94 m
Primary Bedroom Main Level 2.69 m x 4.12 m
Bedroom Main Level 2.05 m x 1.78 m
Bathroom Main Level 1.93 m x 2.36 m
Foyer Main Level 3.48 m x 1.66 m

Convert Measurement to:

Courtesy of: COLDWELL BANKER ELECTRIC REALTY

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Potential Investment Performance

Cumulative ROI

191.7%

Cumulative Market Appreciation

$75,977

Net Operating Income in Year 5

$26,535

Cash on Cash Return in Year 5

16.1%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$55,000
Mortgage Amount	$220,000
Mortgage Payment %	$1,141

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,546

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$605
Net Operating Income	$1,941

Debt Service
Mortgage Payment	$1,141

Net Cash Flow	$800

Cap Rate

8.47%

Acquistion Costs

Down Payment $55,000

Land Transfer Tax $2,600

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $59,600

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$55,000	-	-	-	-	-	-	-	-	-
Closing Costs	$4,600	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$3,422	$3,587	$3,759	$3,940	$4,130	$4,328	$4,536	$4,754	$4,983	$5,222
Total	$63,022	$3,587	$3,759	$3,940	$4,130	$4,328	$4,536	$4,754	$4,983	$5,222
Cash Invested	$63,022	$66,610	$70,370	$74,310	$78,440	$82,769	$87,306	$92,060	$97,043	$102,266

Rental Cash Flows
Rent and other income	$30,562	$31,478	$32,423	$33,396	$34,397	$35,429	$36,492	$37,587	$38,715	$39,876
Operating Expenses	-$7,263	-$7,450	-$7,641	-$7,837	-$8,039	-$8,246	-$8,458	-$8,676	-$8,900	-$9,130
Mortgage Payment	-$13,697	-$13,697	-$13,697	-$13,697	-$13,697	-$13,697	-$13,697	-$13,697	-$13,697	-$13,697
Net Cash Flow	$9,600	$10,330	$11,084	$11,860	$12,660	$13,485	$14,336	$15,213	$16,116	$17,048

Returns
Property Price Appreciation	$13,750	$14,437	$15,159	$15,917	$16,713	$17,548	$18,426	$19,347	$20,315	$21,330
Mortgage Paydown	$3,422	$3,587	$3,759	$3,940	$4,130	$4,328	$4,536	$4,754	$4,983	$5,222
Net Cash Flow	$9,600	$10,330	$11,084	$11,860	$12,660	$13,485	$14,336	$15,213	$16,116	$17,048
Total Return	$26,773	$28,355	$30,003	$31,718	$33,504	$35,363	$37,299	$39,315	$41,415	$43,601
Cumulative Return	$26,773	$55,129	$85,132	$116,850	$150,354	$185,718	$223,017	$262,332	$303,747	$347,349

Investment Metrics
Cumulative ROI	42.5%	82.8%	121.0%	157.2%	191.7%	224.4%	255.4%	285.0%	313.0%	339.7%
Cash On Cash	15.2%	15.5%	15.8%	16.0%	16.1%	16.3%	16.4%	16.5%	16.6%	16.7%