289 Elizabeth Street, Southwest Middlesex

$699,900
289 Elizabeth Street

$699,900

New
127d
DetachedBungalow

289 Elizabeth Street, Southwest Middlesex

Total Monthly Obligation $3,198

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
127d
Score
16
Yield
2.7%
Cash on Cash
-9.9%
Cap Rate
2.4%
5Y IRR
7.8%
10Y IRR
8.5%
Property Type-Detached
MLS® Number-X13462922
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-20.151 × 52.301 ft
Listed on site-Jun 18, 2026
Style-Bungalow
Building Type-Detached
Parking-4 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-THE REALTY FIRM INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-90+ days
Neighbourhood-Glencoe
Title-Residential Freehold

No agent assigned

Welcome to Glen Meadows! Located in the heart of Glencoe, a growing family-friendly community just 20 minutes from Strathroy and 40 minutes from London. Developed by Turner Glencoe's reputable and seasoned builder with a legacy dating back to 1973, we proudly present 38 distinctive lots, each offering an opportunity to craft your ideal living space. Introducing The Sierra II, a thoughtfully designed 1,983 sq ft bungalow offering the convenience of one-floor living without sacrificing space or functionality. This 3 bedroom, 2 bathroom home features an open-concept layout that seamlessly connects the kitchen, dining area, and living room, creating an ideal setting for both everyday living and entertaining. The living room is highlighted by a soaring cathedral ceiling and large window overlooking the covered rear deck and backyard. The kitchen is designed with both style and practicality in mind, showcasing stone countertops, a large centre island with seating, and a walk-in pantry for additional storage. Engineered hardwood and ceramic flooring extend throughout the main living areas, while large windows enhance the home's bright and inviting feel. Outside, the covered front porch is finished with a striking cathedral soffit that adds architectural character and curb appeal. Privately situated at the rear of the home, the primary suite features a walk-in closet and luxury 5-piece ensuite complete with double vanity, soaker tub, and separate shower. Two additional bedrooms are positioned near the front of the home and share a full bathroom, making this layout ideal for families, guests, or those seeking dedicated office space. Additional highlights include a welcoming front foyer, convenient main floor laundry and mudroom with garage access, covered front porch and attached 2-car garage. The Sierra II offers exceptional comfort, quality craftsmanship, and timeless design in one of Glencoe's newest communities. PUBLIC OPEN HOUSES ARE HOSTED AT 291 KING ST, GLENCOE

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

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,198/mo
Mortgage $2,823
Monthly Loss $2,455
Principal$743
Interest$2,080
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.0%0
5-Year IRR
4.5%10
10-Year IRR
6.3%
Returns Index
6.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$19,200/yr
NOI
$12,780/yr
Net Cash Flow
-$1,758/mo
Cash Margin
-109.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
24.1/ 100

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

Comparables

Properties near 289 Elizabeth Street

Time

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