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238 Lakeshore Drive N, Island Lake, AB

$185,000

Residential · MLS® A2332641
3Bedrooms
1Bathrooms
768Sq Ft
2Garage
1970Year Built
02 / Overview

PROPERTY OVERVIEW

Escape to quiet, relaxed weekends with this fully furnished three-season cabin on Lakeshore Drive N at Island Lake. Designed with simple relaxation in mind, the heart of the home features an open kitchen and dining layout that flows into a living room centered around a classic wood-burning fireplace. Whether you are drinking coffee on a crisp morning or curling up after a day on the water, the fire brings an undeniable cozy feel to the entire space. With three bedrooms...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area768 sq ft
Lot Size9,583 sq ft
ZoningR1
HeatingForced Air • Natural Gas
CoolingNone
ParkingFront Drive • Gravel Driveway • None
ExteriorNone
BasementNone
Year Built1970
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$615After mortgage & expenses
Cap Rate8.5%Based on market rents
Cash on Cash Return19.9%With 20% down payment
Est. Monthly Rent$1,494Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

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Needs Review
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Dwight Chernish · Royal LePage Premier Real Estate