38 Royal Oak Drive, Innisfil, ON
Cookstown, Innisfil · MLS® N13628114
About this home
In short
- Excellent Opportunity To Own An Affordable Home In Royal Oaks Estates, A Well-Maintained Adult Lifestyle Community In Cookstown.
- This Bright And Inviting Home Features A Functional Eat-In Kitchen, Spacious Living And Dining Area, And 2 Comfortable Size Bedrooms, Main Floor Laundry, 4 Piece...
- Recent Improvements Include Mostly Freshly Painted Throughout, New Kitchen Appliances (2024), New Flooring (2024-2025), New Roof (2023), New Front Door, And Updated...
- Conveniently Located At Highways 27 & 89.
- Within 15 Minutes To Alliston, Bradford, or Barrie.
Excellent Opportunity To Own An Affordable Home In Royal Oaks Estates, A Well-Maintained Adult Lifestyle Community In Cookstown. This Bright And Inviting Home Features A Functional Eat-In Kitchen, Spacious Living And Dining Area, And 2 Comfortable Size Bedrooms, Main Floor Laundry, 4 Piece Bathroom and Large Crawl Space For Ample Storage. Recent Improvements Include Mostly Freshly Painted Throughout, New Kitchen Appliances (2024), New Flooring (2024-2025), New Roof (2023), New Front Door, And Updated Front Deck. Pride Of Ownership, Offering Move-In Ready Living With Minimal Maintenance. Land Lease Fees Include Property Taxes, Water, Sewer, And Common Area Maintenance, Providing Exceptional Value And Convenience. Conveniently Located At Highways 27 & 89. Within 15 Minutes To Alliston, Bradford, or Barrie. Approx. 40 Minutes To Toronto Via Hwy 400. Note: LAND LEASE, BUYER WILL BE SUBJECT TO LANDLORD APPROVAL.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13628114
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700-1100 sq ft
- Cross streets
- HWY 27 & HWY 89
- Parking
- 3 parking
- Driveway
- Private
- Basement
- Crawl Space
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Days on market
- 50
- Listing brokerage
- ROYAL LEPAGE RCR REALTY
Rooms
laminate · large window · eat-in kitchen
linoleum · window · b/i microwave
linoleum · large closet · w/o to deck
laminate · double closet · w/o to deck
laminate · large window · ceiling fan(s)
laminate · w/w closet · ceiling fan(s)
laminate · bay window · combined w/dining
Listed at $229,900. Comparable sales put this home around $510K, so the ask is about 55% below them. A gap this wide is more often a limit of an automated comparison than a fact about the home, so treat the figure as a starting point, not a verdict.
Total price vs nearby homes. Fair value about $510K, median of 9 comparables.
The market behind the math:
Price per square foot: this home lists at $255/sqft against an area asking average of $575/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
I take the 9 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
There were not many closely comparable homes right in Cookstown, so I widened the search to the surrounding area.
Based on 9 comparable homes that sold in Cookstown over the past two years, from 32 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $510K, which is where my estimate comes from.
Per square foot, these ask about $559/sqft; this home lists at $255/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Cookstown, Innisfil, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 $183,920 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,007
- Property tax
- $144
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $1,150
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $2,024
- Estimated closing costs
- $2,024
Plus your down payment of $45,980. 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
- $60,404
- Principal paid down
- $22,740
- Interest paid
- $37,663
- Balance remaining
- $161,180
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 5 whole-home leases in Cookstown signed at a median of $3,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $1,749. 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 ROYAL LEPAGE RCR REALTY. MLS®/PropTx.