2978 Line 34 Line, Perth East

$599,900
2978 Line 34 Line

$599,900

Price Change
150d
Detached1 1/2 Storey

2978 Line 34 Line, Perth East

Total Monthly Obligation $3,048

Beds
3
Baths
1
Park
2
Sqft
1500-2000
DOM
150d
Score
22
Yield
5.5%
Cash on Cash
0.1%
Cap Rate
4.6%
5Y IRR
15.7%
10Y IRR
14.7%
Property Type-Detached
MLS® Number-X13174472
Beds-3
Bathrooms-1
Size-1500-2000 sqft
Lot Size-70 × 258.94 ft
Listed on site-May 26, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$3,037 (2025)
Parking-3 - Detached
Basement-Unfinished
Heating-Radiant (Gas)
Brokerage-Sutton Group - First Choice Realty Ltd.
Cooling-None
Laundry-No
Fireplace-Living Room
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-North Easthope
Title-Residential Freehold

No agent assigned

Welcome to this enchanting country retreat, beautifully positioned just outside of Stratford's city limits! This property seamlessly blends character, functionality, and a highly sought-after location. Step into the bright, welcoming living room, complete with custom built-ins and a cozy fireplace perfect for quiet evenings. The heart of the home features an open-concept kitchen and dining area, offering plenty of cabinetry and a great layout for entertaining. Designed with main-floor accessibility in mind, the main level hosts two comfortable bedrooms. Both feature elegant garden doors that open directly onto a spacious deck, looking out over a substantial, sprawling yard and a rustic hobby barn. Upstairs, discover a private third bedroom alongside a generous hallway landing-the ultimate flex space for a home office, reading nook, or creative makerspace. Outdoors, the property truly shines. Relax in the covered sunroom attached to the detached garage, providing a serene oasis to enjoy peaceful country views. This is the ideal blend of rural privacy and city convenience. Schedule your viewing today to experience this picture-perfect lifestyle!

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,048/mo
Mortgage $2,420
Monthly Loss $2,411
Principal$637
Interest$1,783
Property Tax$253
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.2%2
5-Year IRR
11.5%47
10-Year IRR
11.8%
Returns Index
24.3/ 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
$33,204/yr
NOI
$22,347/yr
Net Cash Flow
-$558/mo
Cash Margin
-20.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7713
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
27.9/ 100

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

Comparables

Properties near 2978 Line 34 Line

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.