132-375 Sea Ray Avenue, Innisfil, ON

Rural Innisfil, Innisfil · MLS® N13661158

$699,900
For Sale
Listed 45 days agoNo offer date stated
2Bedrooms
2Bathrooms
2Garage
900-999Sq ft

About this home

In short

  • Located on the main level of the building, this unit provides effortless access with no stairs or elevator required, an ideal feature for everyday living and long...
  • The bright, open concept design is filled with natural light from large windows and features a modern kitchen with quality finishes, generous living space, and room...
  • Step onto the private balcony and enjoy views of the landscaped grounds, creating a peaceful outdoor retreat.
  • The primary bedroom includes a private ensuite, while the second bedroom offers flexibility for guests or a home office.
  • Residents enjoy access to world class amenities including an 18hole golf course, marina, waterfront promenade, dining, cafes, shops, beach areas, nature trails...

Welcome to refined resort living at Friday Harbour. This beautifully upgraded 2 bedroom, 2 bathroom condo offers an exceptional blend of comfort, style, and ease within one of Lake Simcoe's most prestigious waterfront communities. Located on the main level of the building, this unit provides effortless access with no stairs or elevator required, an ideal feature for everyday living and long term comfort. The bright, open concept design is filled with natural light from large windows and features a modern kitchen with quality finishes, generous living space, and room to host family and friends. Step onto the private balcony and enjoy views of the landscaped grounds, creating a peaceful outdoor retreat.The primary bedroom includes a private ensuite, while the second bedroom offers flexibility for guests or a home office. A standout feature is the inclusion of two parking spaces, a rare luxury at Friday Harbour and a significant value add rarely offered with condos of this size and price point. Ensuite laundry and a thoughtful layout further enhance convenience. Residents enjoy access to world class amenities including an 18hole golf course, marina, waterfront promenade, dining, cafes, shops, beach areas, nature trails, fitness facilities, outdoor pool, tennis courts, and year round events. Every detail is designed to support a relaxed yet elevated lifestyle. Whether used as a full time residence, weekend escape, or investment, this condo delivers low maintenance ownership in a resort setting designed for enjoyment. With summer approaching, this is the perfect time to experience the unit in person and secure your place at Friday Harbour. Opportunities like this are limited. Secure parking, visitor spaces, and a well managed community complete this exceptional offering. Book your private showing and be ready to enjoy the season ahead in one of the resort's most desirable buildings.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13661158
Bedrooms
2
Bathrooms
2
Size
900-999 sq ft
Cross streets
Friday Dr To Sea Ray Ave
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$680/mo
Exposure
South West
Property tax
$4,794 / 2025
Days on market
45
Listing brokerage
ENGEL & VOLKERS BARRIE

Rooms

Primary BedroomMain3.76 × 3.23 m

4 Pc Ensuite

Bedroom 2Main3.05 × 3.25 m
Dining RoomMain3.43 × 1.88 m
KitchenMain3.43 × 2.87 m
Living RoomMain4.11 × 3.15 m
Our TakeTeam Asgarian · Broker
A small discount is typical
$680Klikely sale price

Listed at $699,900. 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 $680K, if it sells. A realistic range is $640K to $736K.

Independent value check: $714K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $665K and $751K).

List price
$640KBelow recent closings$736KAbove recent closings

Total price vs nearby homes. Likely closing about $680K, 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
45days on market so far
$2,604/moest. rent · 266 leases
4.5%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 7.5 months of inventory: 25 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 $737/sqft against an area asking average of $668/sqft.

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 $493K. Condition and finishes remain an in-person call.

What the listing highlights5 points to weigh

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

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
  • Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
  • Primary suite: a key comfort and resale feature. Lifestyle
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Elevator: rare and valuable for accessibility and resale. Lifestyle

Based on 10 comparable homes that sold in Rural Innisfil over the past two years, from 77 closings there.

What sellers nearby are askingCurrently listed nearby in Rural Innisfil · asking prices
$637kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $731/sqft; this home lists at $737/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
700kThis home726k700k660k549k548kThis home vs active comparables

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
$3,190/mo
$151KIncome needed
4.6×Price ÷ income
$736Weekly cost
$10,473Land 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.

75%mortgage
Mortgage $3,190Property tax $400Condo fee $680Total carry $4,270

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)
$3,096per month

Mortgage amount $559,920 · 4.49% over 25 years

$139,980Down payment (20.0%)
$559,920Loan before insurance
$0CMHC premium
$4,175Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,096
Property tax
$400
Condo / maintenance fees
$680
Heating
$0
Estimated monthly cost
$4,175

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

One-time closing costs

Ontario land transfer tax
$10,473
Estimated closing costs
$10,473

Plus your down payment of $139,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,747/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

$368,848Total interest paid
$928,768Total of all payments
Principal $559,920 Interest $368,848
YearPrincipalInterestBalance
1$12,495$24,656$547,425
2$13,062$24,088$534,363
3$13,655$23,495$520,707
4$14,275$22,875$506,432
5$14,924$22,227$491,508
6$15,601$21,550$475,907
7$16,310$20,841$459,597
8$17,050$20,101$442,547
9$17,824$19,327$424,723
10$18,634$18,517$406,090
11$19,480$17,671$386,610
12$20,364$16,787$366,246
13$21,289$15,862$344,957
14$22,255$14,896$322,702
15$23,266$13,885$299,437
16$24,322$12,829$275,114
17$25,426$11,724$249,688
18$26,581$10,570$223,107
19$27,788$9,363$195,320
20$29,049$8,101$166,270
21$30,368$6,782$135,902
22$31,747$5,404$104,155
23$33,189$3,962$70,966
24$34,695$2,455$36,271
25$36,271$880$0

At the end of your 5-year term

Total paid over the term
$185,754
Principal paid down
$68,412
Interest paid
$117,342
Balance remaining
$491,508

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 266 whole-home leases in Rural Innisfil$2,604/mo
$31,248Gross annual rent
2.0%Cap rate after taxes and upkeep
$2,474 to $2,734Typical 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 266 whole-home leases in Rural Innisfil signed at a median of $2,398 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,604. 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.

4.5%
Gross yield
− Property tax $4,794− Condo fees $8,163− Insurance $600− Vacancy & upkeep $3,437Net operating income $14,254

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ENGEL & VOLKERS BARRIE. MLS®/PropTx.

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