234 West Street, Central Elgin

$569,900
234 West Street

$569,900

Price Change
78d
DetachedBungalow

234 West Street, Central Elgin

Total Monthly Obligation $3,010

Beds
5
Baths
2
Park
2
Sqft
700-1100
DOM
78d
Score
19
Yield
5.1%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Detached
MLS® Number-X13643552
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-60.12 × 165 ft
Listed on site-Aug 6, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,029 (2026)
Parking-4 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-THE REALTY FIRM INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Metal
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Belmont
Title-Residential Freehold

No agent assigned

Set on an impressive lot in the welcoming community of Belmont, 234 West Street delivers exceptional space, thoughtful updates and an oversized garage that truly sets it apart. Beautifully finished from top to bottom, this versatile home offers 3+2 bedrooms, two full bathrooms and a generous living space designed to grow with your family. The updated kitchen (2021) anchors the home, while updated flooring creates a polished, move-in-ready interior. Outside, the expansive lot provides ample room to play, entertain and enjoy, but it is the oversized garage that will capture the attention of hobbyists, tradespeople and anyone dreaming of a serious workshop. Complete with its own 100-amp panel and a rear overhead door opening directly to the backyard, it offers outstanding flexibility and access. Notable improvements include a new bay window (2026), remaining windows (2021), furnace (2021), central air (2025) and an owned water heater (2022). The home is equipped with a 200-amp electrical panel, and the metal roof (2014). Spacious, stylish and refreshingly versatile-this is family living with room for bigger plans.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$455,920
Land Transfer Taxes$7,873
Legal Fees (Est.)
$
Total cash required for closing$123,353

Total Monthly Obligation

$3,010/mo
Mortgage $2,299
Monthly Loss $2,405
Principal$605
Interest$1,694
Property Tax$336
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.2%30
10-Year IRR
10.0%
Returns Index
16.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$29,004/yr
NOI
$17,575/yr
Net Cash Flow
-$834/mo
Cash Margin
-34.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
26.7/ 100

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

Comparables

Properties near 234 West Street

Time

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Data last updated within the past 24 hours.