38 Payette Drive, Penetanguishene

$724,900
38 Payette Drive

$724,900

New
29d
Detached2-Storey

38 Payette Drive, Penetanguishene

Total Monthly Obligation $3,782

Beds
3
Baths
4
Park
4
Sqft
1500-2000
DOM
29d
Score
18
Yield
4.7%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Detached
MLS® Number-S13825218
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-36.23 × 155.29 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$5,798 (2026)
Parking-5 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-Keller Williams Experience Realty
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Insulated Concrete Form
Sewer-Sewer
Possession-Flexible
Neighbourhood-Penetanguishene
Title-Residential Freehold

No agent assigned

Welcome to this beautifully crafted custom-built home, where quality construction, thoughtful design, and energy efficiency come together in one exceptional package. Built on a durable ICF foundation, this 3-bedroom, 4-bathroom home is nestled in a desirable, family-friendly neighbourhood close to schools, parks, and everyday amenities.Step inside to an inviting open-concept main floor that's perfect for both entertaining and everyday living. The heart of the home is the stunning kitchen, featuring quartz countertops, a large centre island, stainless steel appliances, and a natural gas stove. Quality finishes continue throughout with tile and high-grade laminate flooring, and a striking open wood staircase.Upstairs, the spacious primary suite offers a walk-in closet and a private ensuite, creating the perfect place to unwind. The fully finished lower level extends your living space with a generous recreation room, laundry area, and additional 2-piece bathroom w/ shower rough-in. Outside, you'll appreciate the beautifully maintained yard complete with large deck for BBQ's and a concrete pad for outdoor play or additional dining area. In addition to the attached single-car garage, the insulated 20' x 20' detached garage offers endless possibilities as a workshop, hobby space, or extra storage.Built with quality craftsmanship and designed for comfortable family living, this move-in ready home is one you won't want to miss.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$579,920
Land Transfer Taxes$10,973
Legal Fees (Est.)
$
Total cash required for closing$157,453

Total Monthly Obligation

$3,782/mo
Mortgage $2,924
Monthly Loss $3,013
Principal$769
Interest$2,155
Property Tax$483
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.1%24
10-Year IRR
9.1%
Returns Index
13.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$33,804/yr
NOI
$20,126/yr
Net Cash Flow
-$1,247/mo
Cash Margin
-44.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
21.9/ 100

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

Comparables

Properties near 38 Payette Drive

Time

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Data last updated within the past 24 hours.