379 Wardell Street, Tay

$549,900
379 Wardell Street

$549,900

New
8d
DetachedBungalow-Raised

379 Wardell Street, Tay

Total Monthly Obligation $2,778

Beds
4
Baths
2
Park
6
Sqft
700-1100
DOM
8d
Score
20
Yield
5.0%
Cash on Cash
-1.8%
Cap Rate
4.2%
5Y IRR
14.1%
10Y IRR
13.5%
Property Type-Detached
MLS® Number-S14084326
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-121 × 62 ft
Listed on site-Oct 15, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$2,214.43 (2026)
Parking-8 - Detached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Port McNicoll
Title-Residential Freehold

No agent assigned

BEAUTIFUL RAISED BUNGALOW WITH AN UPGRADED KITCHEN, BATHS, FLOORING & BASEMENT WITH A DETACHED DOUBLE CAR GARAGE & A FULL GENERAC NEAR GEORGIAN BAY IN A FAMILY FRIENDLY AREA! This raised bungalow has already tackled several of the projects buyers want behind them. White cabinetry wraps the kitchen with extensive storage and counter space, stainless steel appliances keep the look current, and sliding doors put the barbecue and casual summer meals just steps away on the back deck. Three bedrooms are grouped together on the main level with a renovated 4-piece bathroom, while the finished lower level gives everyone somewhere else to go when the living room is already spoken for. Movie nights can take over the rec room, an older child can claim the fourth bedroom, or guests can stay comfortably with a renovated 3-piece bathroom nearby. The detached double-car garage gives vehicles shelter from the weather while leaving room for tools, bikes or weekend projects. The larger side deck is where you can really settle in, with room for a dining table, lounge seating and long summer evenings with friends or family. A generator adds reassurance during outages, especially if you work from home or would rather not have a storm bring the house to a standstill. Kids still play outside and between neighbouring yards here, neighbours are often out walking their dogs, community activities bring people together and the school bus stops just down the road. Georgian Bay, local parks and the Tay Shore Trail put beach days, bike rides and time by the water close to home, while Midland is less than 10 minutes away for shopping, restaurants and everyday errands. This #HomeToStay has it all!

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

Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$2,778/mo
Mortgage $2,218
Monthly Loss $2,194
Principal$584
Interest$1,634
Property Tax$185
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.2%1
5-Year IRR
10.0%35
10-Year IRR
10.5%
Returns Index
18.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,600/yr
NOI
$18,126/yr
Net Cash Flow
-$708/mo
Cash Margin
-30.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo59
Risk Index
28.9/ 100

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

Comparables

Properties near 379 Wardell Street

Time

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