1123 Secord Avenue, Billings Bridge - Riverside Park and Area

$610,000
1123 Secord Avenue

$610,000

Price Change
203d
Detached1 1/2 Storey

1123 Secord Avenue, Billings Bridge - Riverside Park and Area

Total Monthly Obligation $3,214

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
203d
Score
22
Yield
6.0%
Cash on Cash
0.9%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Detached
MLS® Number-X12955590
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-50 × 100 ft
Listed on site-Apr 3, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$4,537.86 (2025)
Parking-5 - Detached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-4601 - Billings Bridge
Title-Residential Freehold

No agent assigned

Welcome home to 1123 Secord Ave! This home has been well-maintained throughout the years. A beautiful all-brick one and a half storey, within walking distance to Bank Street, Heron Road, and Billings Bridge. Finished basement with large rec room, additional bedroom, laundry / utility room. Well landscaped property with 2 garden beds for the avid gardener. Detached oversized garage and shed provide extra storage for all your seasonal items & outdoor gear. Plenty of parking for the entire family. Close to shopping centers, restaurants, transit, parks, & recreational facilities. Commuting is a breeze with convenient access to the O-Train and OC Transpo stops. The R3A zoning allows for various uses and there is potential to convert the basement into In in-law suite or secondary dwelling unit for family members or tenants. Ideal for a family or as an investment opportunity! Flooring: Hardwood, Vinyl Laminate. Updates: Painted main level 2026, Front door system 2024, Roof shingles 2010, Goodman gas furnace 2010, Windows 2008, Main electrical panel 200 amp, garage added 60 amp ESA approved 2020. Appliances sold in an"' as is where is condition" 24 hour irrevocable on all offers, please allow 12 hours notice for all showings. No showings before 1:00 pm. Book your showing today!!

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

Closing Costs

Mortgage Amount
$488,000
Land Transfer Taxes$8,675
Legal Fees (Est.)
$
Total cash required for closing$132,175

Total Monthly Obligation

$3,214/mo
Mortgage $2,461
Monthly Loss $2,566
Principal$647
Interest$1,813
Property Tax$378
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.5%3
5-Year IRR
12.1%51
10-Year IRR
12.3%
Returns Index
26.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$36,300/yr
NOI
$23,632/yr
Net Cash Flow
-$491/mo
Cash Margin
-16.2%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo49
Risk Index
27.3/ 100

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

Comparables

Properties near 1123 Secord Avenue

Time

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Data last updated within the past 24 hours.