431-415 Sea Ray Avenue, Innisfil, ON

Rural Innisfil, Innisfil · MLS® N12953484

$548,000
For Sale
Listed 176 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
800-899Sq ft

About this home

In short

  • Welcome To The Magnificent Resort Style living At 415 Sea Ray Ave.
  • Unit 431 Stunning View Overlooks In-ground/OutdoorPoo1 Bright Sunfilled Open Cozy, Comfy, Relaxing Balcony Modern Chef's Kitchen Quartz Countertop Centre Hall...

Welcome To The Magnificent Resort Style living At 415 Sea Ray Ave. Unit 431 * Stunning View Overlooks In-ground/OutdoorPoo1 * Bright Sunfilled Open Cozy, Comfy, Relaxing Balcony * Modern Chef's Kitchen * Quartz Countertop * Centre Hall Floor Plan With Bedrooms On Either Side And 2Luxurious Spa Like Bathrooms * Soaring 10 Feet Ceilings * Floor To Ceiling Picture Windows * Escape The Hustle And Bustle Of The Busy City And Come Check Out This Dreamy Condo * Enjoy All That The Grounds Have To Offer!!! Friday Harbour Is Definitely A Gem Nestled Amongst Amazing Golf Course And Much More!!!

Key facts

Property type
Condo Apartment, Apartment
MLS®
N12953484
Bedrooms
2
Bathrooms
2
Size
800-899 sq ft
Cross streets
Big Bay Point Rd To Friday Drive
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Concrete
Foundation
Other
Roof
Other
Maintenance
$72/mo
Exposure
North East
Property tax
$4,473 / 2025
Days on market
176
Listing brokerage
SUTTON GROUP-ADMIRAL REALTY INC.

Rooms

FoyerMain1.62 × 2.49 m

open concept · closet · laminate

KitchenMain3.42 × 2.49 m

stainless steel appl · quartz counter · open concept

Bedroom 2Main2.69 × 3.62 m

4 pc bath · closet · overlooks pool

Living RoomMain3.95 × 3.80 m

combined w/dining · overlooks pool · w/o to balcony

Primary BedroomMain2.98 × 4.81 m

3 pc ensuite · closet · overlooks pool

Dining RoomMain0.00 × 0.00 m

combined w/kitchen · centre island · breakfast bar

Our TakeTeam Asgarian · Broker
A small discount is typical
$532Klikely sale price

Listed at $548,000. Going by how homes in Rural Innisfil and the wider GTA have actually closed against their asking prices (about 97%, 10 local closings in 90 days), the likely sale price is near $532K, if it sells. A realistic range is $501K to $576K.

Independent value check: $672K. Without looking at the asking price, our model values the home itself about 23% above the ask (homes like it typically land between $625K and $706K).

List price
$501KBelow recent closings$576KAbove recent closings

Total price vs nearby homes. Likely closing about $532K, from 10 recent closings in this pocket.

The market behind the math:

10sold nearby · 90 days
$423Kmedian sold price
97%of asking, on average
−12%prices vs a year ago
~57 dayshomes like this take to sell
176days on market so far
$2,440/moest. rent · 26 leases
5.3%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 8.7 months of inventory: 29 condo apartment homes for sale in the area against 10 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $645/sqft against an area asking average of $670/sqft.

  • Park / green-space backing. The listing says this home backs onto or abuts a park or green space. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
How this estimate is builtthe short version

This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.

It never sees the asking price. The 10 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $449K. Condition and finishes remain an in-person call.

What the listing highlights2 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Read this with carewhy it’s an estimate, not an appraisal

Below comparable homes on total price, yet the price per square foot ($645/sqft) is in line with the area, which usually points to a smaller or more efficient layout.

Based on 24 homes sold in this building over the past two years, from 77 closings in Rural Innisfil.

Neighbourhood & location

Rural Innisfil, Innisfil, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$2,498/mo
$113KIncome needed
4.9×Price ÷ income
$576Weekly cost
$7,435Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

85%mortgage
Mortgage $2,498Property tax $373Condo fee $72Total carry $2,943

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of September 25, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,424per month

Mortgage amount $438,400 · 4.49% over 25 years

$109,600Down payment (20.0%)
$438,400Loan before insurance
$0CMHC premium
$2,869Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,424
Property tax
$373
Condo / maintenance fees
$72
Heating
$0
Estimated monthly cost
$2,869

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$7,435
Estimated closing costs
$7,435

Plus your down payment of $109,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,934/monthPayment at the qualifying rate

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

$288,797Total interest paid
$727,197Total of all payments
Principal $438,400 Interest $288,797
YearPrincipalInterestBalance
1$9,783$19,305$428,617
2$10,227$18,860$418,389
3$10,692$18,396$407,698
4$11,177$17,911$396,520
5$11,685$17,403$384,836
6$12,215$16,873$372,620
7$12,770$16,318$359,850
8$13,350$15,738$346,501
9$13,956$15,132$332,545
10$14,589$14,498$317,956
11$15,252$13,836$302,704
12$15,944$13,143$286,759
13$16,668$12,420$270,091
14$17,425$11,663$252,666
15$18,216$10,872$234,450
16$19,043$10,044$215,406
17$19,908$9,180$195,498
18$20,812$8,276$174,686
19$21,757$7,331$152,929
20$22,745$6,343$130,185
21$23,777$5,310$106,407
22$24,857$4,231$81,550
23$25,986$3,102$55,564
24$27,165$1,922$28,399
25$28,399$689$0

At the end of your 5-year term

Total paid over the term
$145,439
Principal paid down
$53,564
Interest paid
$91,875
Balance remaining
$384,836

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.

Let's connect

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

Rental yield
From 26 whole-home leases in Rural Innisfil$2,440/mo
$29,280Gross annual rent
3.7%Cap rate after taxes and upkeep
$2,318 to $2,562Typical rent range
~31 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 26 whole-home leases in Rural Innisfil signed at a median of $2,435 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,440. 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.

5.3%
Gross yield
− Property tax $4,473− Condo fees $868− Insurance $600− Vacancy & upkeep $3,221Net operating income $20,118

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.

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