23 Marlene Johnston Drive, East Gwillimbury

$1,599,000
23 Marlene Johnston Drive

$1,599,000

New
23d
Detached2-Storey

23 Marlene Johnston Drive, East Gwillimbury

Total Monthly Obligation $7,404

Beds
5
Baths
4
Park
2
Sqft
3000-3500
DOM
23d
Score
14
Yield
2.8%
Cash on Cash
-11.2%
Cap Rate
2.2%
5Y IRR
6.8%
10Y IRR
7.8%
Property Type-Detached
MLS® Number-N13843064
Beds-5
Bathrooms-4
Size-3000-3500 sqft
Lot Size-44.98 × 91.92 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Taxes-$6,954.71 (2026)
Parking-4 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Holland Landing
Title-Residential Freehold

No agent assigned

From its impressive proportions to its magazine-worthy finishes, this approx. 3,400 sq ft home feels every bit as exceptional as it looks. Offering 5 bedrooms, 4 bathrooms & beautifully designed living spaces throughout, the layout delivers the space a family needs with the polished finishes & thoughtful details that make it stand apart. The main floor is bright, spacious & beautifully finished, with 10 ft ceilings, hardwood floors, upgraded lighting & large windows bringing in plenty of natural light. A dedicated office provides an ideal work-from-home space, while the separate dining room is perfectly suited to everything from family dinners to entertaining. At the heart of the home is a gorgeous kitchen designed to be both impressive & incredibly functional. An oversized centre island, quartz counters, stainless steel appliances, gas cooktop, double ovens & bar fridge are complemented by a butler's pantry & an abundance of counter & storage space. Open to the family room with a gas fireplace, it's a space made for gathering, while a walkout provides easy access to the fenced backyard. Main-floor laundry with direct garage access adds everyday convenience. Upstairs, the generous proportions continue. The impressive primary suite offers plenty of room to create a true retreat, with his-and-hers closets & a large five-piece ensuite. 4 additional bedrooms provide incredible flexibility for a large or growing family, with plenty of room for children, teenagers, guests or additional work-from-home space. Built in 2022 & set on a 45-foot-wide lot with a double garage, the home also offers a full unfinished basement ready for whatever additional space your family may need in the future. Located in Holland Landing, you're close to parks, schools & everyday amenities, with the East Gwillimbury GO Station & Highways 404 & 400 all within easy reach. Designer style, serious square footage & a location that keeps you connected, this is family living done exceptionally well.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,279,200
Land Transfer Taxes$28,455
Legal Fees (Est.)
$
Total cash required for closing$349,755

Total Monthly Obligation

$7,404/mo
Mortgage $6,450
Monthly Loss $5,707
Principal$1,697
Interest$4,753
Property Tax$580
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.1%0
5-Year IRR
4.5%9
10-Year IRR
6.3%
Returns Index
6.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$44,676/yr
NOI
$28,754/yr
Net Cash Flow
-$4,054/mo
Cash Margin
-108.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.373
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
13.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 23 Marlene Johnston Drive

Time

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