51 NOVELLA Road, Vaughan

$899,000
51 NOVELLA Road

$899,000

New
2d
Att/Row/Townhouse2-Storey

51 NOVELLA Road, Vaughan

Total Monthly Obligation $4,369

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
2d
Score
19
Yield
4.8%
Cash on Cash
-2.5%
Cap Rate
4.0%
5Y IRR
13.6%
10Y IRR
13.0%
Property Type-Att/Row/Townhouse
MLS® Number-N14101688
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-19.69 × 109.91 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,418 (2025)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-MANORLEAD GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Concord
Title-Residential Freehold

No agent assigned

Welcome to 51 Novella Road! Nestled in Concord's top-tier Dufferin Hills, this turnkey 3 Bed + Loft townhouse delivers space, style, and seamless modern living.From the moment you enter through the brand-new front door, you're greeted by fresh paint, modern lighting, and carpet-free living with newly refinished hardwood floors and an elegant oak staircase. The open-concept main level effortlessly connects the functional kitchen to the bright living areas, leading out through a new patio door into your private backyard.Upstairs, explore three oversized bedrooms plus a versatile loft space-ideal for work or play. The primary suite serves as your personal retreat with a walk-in closet and a double-sink ensuite, while the second bedroom also features its own walk-in closet. Need more room? The fully finished basement adds a large rec room and a 4th bedroom! Complete with an extended driveway, direct garage entry, top-rated schools, and instant access to the GO Train, transit, and highways.

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%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$4,369/mo
Mortgage $3,626
Monthly Loss $3,415
Principal$954
Interest$2,672
Property Tax$368
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.2%37
10-Year IRR
10.7%
Returns Index
19.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$43,560/yr
NOI
$30,286/yr
Net Cash Flow
-$1,102/mo
Cash Margin
-30.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
20.9/ 100

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

Comparables

Properties near 51 NOVELLA Road

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.