5 Elizabeth Street, Innisfil, ON
Cookstown, Innisfil · MLS® N13745346
About this home
In short
- Welcome to this 3-bedroom, 2-bathroom raised ranch, situated in the historic village of Cookstown.
- The main floor features an open-concept layout centred around the kitchen, flowing into the combined living and dining area.
- A dedicated home office or den and an additional 4-piece bathroom complete this level.
Welcome to this 3-bedroom, 2-bathroom raised ranch, situated in the historic village of Cookstown! The main floor features an open-concept layout centred around the kitchen, flowing into the combined living and dining area. Sliding doors off the dining room provide easy access to the back deck, creating a seamless connection to the outdoors. The lower level offers valuable additional living space, highlighted by a generous family room with a second walkout to the back patio and backyard. A dedicated home office or den and an additional 4-piece bathroom complete this level. A single-car garage with convenient inside entry adds to the functionality of the home, providing covered parking and additional storage. Awaiting your personal touch, this home presents a great opportunity to customize the space and make it your own. Property is being sold under Power of Sale. Sold as is, where is.
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- N13745346
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 53.51 × 114.37 ft
- Cross streets
- Somers St
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private Double
- Basement
- Full, Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding, Brick Veneer
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,259 / 2025
- Days on market
- 16
- Listing brokerage
- RE/MAX ESCARPMENT REALTY INC.
Rooms
4 Pc Bath
Sliding Doors
4 Pc Bath
Access To Garage
Sliding Doors
Listed at $560,000, which is about 20% below what comparable homes suggest.
Compared as a project. The listing presents this home as one to renovate or rebuild, so the finished homes among its comparable sales were adjusted for that before comparing.
The ask and what recent sales support disagree. When they differ this much, the asking price has been the closer guide about 87% of the time. Recent GTA homes first listed this far below their automated estimate sold at about 100% of the original ask, in a median 19 days (715 sales).
One thing to square: this home asks more than the ones for sale nearby, yet my estimate still puts it below recent closings. That usually means the nearby listings are smaller or simpler homes, so the sticker comparison undersells what this one is.
Total price vs nearby homes. Fair value about $698K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $622/sqft against an area asking average of $512/sqft. Size and $/sqft both feed the estimate above.
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.
It never sees the asking price. The 7 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $487K. 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.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal
Below comparable homes on total price, yet the price per square foot ($622/sqft) is above the area, which usually points to a smaller or more efficient layout.
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 7 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 $698K, which is where my estimate comes from.
Per square foot, these ask about $437/sqft; this home lists at $622/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 $448,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,452
- Property tax
- $355
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,807
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,675
- Estimated closing costs
- $7,675
Plus your down payment of $112,000. 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
- $147,134
- Principal paid down
- $55,392
- Interest paid
- $91,742
- Balance remaining
- $392,608
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 $1,899. 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 RE/MAX ESCARPMENT REALTY INC.. MLS®/PropTx.