49 ROYAL OAK Drive, Innisfil, ON
Cookstown, Innisfil · MLS® N12695994
About this home
In short
- Totally renovated, bright 2 bedroom modular home in move-in condition.
- 2 picture windows, generous living/dining space, wood-burning fireplace, skylight in kitchen.
- Must be 60+ years of age.
- Land Lease $893.66/month, includes property tax, water, land lease fee.
Totally renovated, bright 2 bedroom modular home in move-in condition. 2 picture windows, generous living/dining space, wood-burning fireplace, skylight in kitchen. New electrical fixtures, walkout to large deck, with beautiful serene view. Garden shed, crawl space for lots of storage space, Retirement community. Must be 60+ years of age. Land Lease $893.66/month, includes property tax, water, land lease fee.
Key facts
- Property type
- Other, Bungalow
- MLS®
- N12695994
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700-1100 sq ft
- Cross streets
- HIGHWAY 27 & HIGHWAY 88
- Parking
- 2 parking
- Basement
- Crawl Space
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $1,612 / 2025
- Days on market
- 249
- Listing brokerage
- SUTTON GROUP INCENTIVE REALTY INC.
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest listings on the market. Homes like this one have recently closed around $270K, which is where my estimate comes from.
Per square foot, these ask about $441/sqft; this home lists at $306/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Cookstown, Innisfil, ON
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How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Innisfil.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $220,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,204
- Property tax
- $134
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $1,339
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $2,600
- Estimated closing costs
- $2,600
Plus your down payment of $55,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $72,253
- Principal paid down
- $27,201
- Interest paid
- $45,052
- Balance remaining
- $192,799
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 8 whole-home leases in Cookstown signed at a median of $2,900 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $1,668. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP INCENTIVE REALTY INC.. MLS®/PropTx.