56 Elmdale Drive, Prince Edward County

$699,900
56 Elmdale Drive

$699,900

Price Change
78d
DetachedBungalow

56 Elmdale Drive, Prince Edward County

Total Monthly Obligation $3,575

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
78d
Score
17
Yield
4.3%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X13644442
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-52.56 × 131.34 ft
Listed on site-Aug 6, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$4,521 (2026)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Keller Williams Energy Real Estate
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Community, Outdoor, Inground
Facing-South
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible - Immediate available
Neighbourhood-Wellington
Title-Residential Freehold

No agent assigned

What if simplifying your life felt less like downsizing-and more like moving up? Set within Wellington on the Lake, this beautifully reimagined bungalow pairs sophisticated finishes with effortless one-level living in one of Prince Edward County's most established adult lifestyle communities. Here are 5 reasons to take a closer look: ONE: A remarkable transformation. Extensively renovated in 2026, the main floor feels fresh, polished and nearly new, with richly refinished oak hardwood, soft neutral colours and thoughtful finishes throughout. TWO: A kitchen that impresses. Floor-to-ceiling slim shaker cabinetry, quartz surfaces, upgraded gold knurled hardware and exceptional storage create a space that is elegant, timeless and practical. THREE: A primary suite with real wow factor. The spacious bedroom includes a large walk-in closet and a spa-like ensuite with a curbless shower, frameless glass, built-in bench, wall to wall tile, freestanding tub and custom double vanity. FOUR: Flexible space for real life. A second main-floor bedroom, another fully renovated bathroom and main-floor laundry make everyday living easy. Downstairs offers multiple additional flexible rooms with a bar, rec room and guest space plus a 3-piece bath, while the double garage includes workshop and loft storage. FIVE: The lifestyle comes with it. Enjoy the pool, lawn bowling, tennis, bocce, shuffleboard and community activities, with golf, Lake Ontario and Wellington nearby. At home, relax under the covered gazebo overlooking the south-facing yard and open green space beyond. Stylish enough to impress, comfortable enough to feel like home, and renovated so you can simply move in and enjoy. This may be your reason to Call The County Home.

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

Closing Costs

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

Total Monthly Obligation

$3,575/mo
Mortgage $2,823
Monthly Loss $2,832
Principal$743
Interest$2,080
Property Tax$377
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.3%20
10-Year IRR
8.5%
Returns Index
11.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$30,000/yr
NOI
$17,979/yr
Net Cash Flow
-$1,325/mo
Cash Margin
-53.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.6/ 100

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

Comparables

Properties near 56 Elmdale Drive

Time

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