12 Aletha Drive, Prince Edward County

$674,900
12 Aletha Drive

$674,900

New
67d
DetachedBungalow

12 Aletha Drive, Prince Edward County

Total Monthly Obligation $3,447

Beds
2
Baths
3
Park
4
Sqft
1500-2000
DOM
67d
Score
18
Yield
4.4%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Detached
MLS® Number-X13684576
Beds-2
Bathrooms-3
Size-1500-2000 sqft
Lot Size-52.49 × 124.67 ft
Listed on site-Aug 17, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$4,193 (2025)
Parking-6 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-Exit Realty Group
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Community
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Wellington
Title-Residential Freehold

No agent assigned

EXIT TO THE COUNTY! WELLINGTON ON THE LAKE ADULT LIFESTYLE COMMUNITY. FREEHOLD. Thoughtfully designed, well maintained, bright 1950 sq ft turnkey home. Featuring bonus 4-season sunroom with private feeling back yard. Vaulted and 9' trayed ceiling, hardwood floors, quartz countertop, beautiful finished spacious 2-bedroom 3-bathroom bungalow in the adult lifestyle community of Wellington on the Lake. This home provides open-concept main floor living with plenty of space for family and friends to stay and visit. The front entrance has a grand vaulted ceiling leading you into your formal living room/dining room space with tray ceilings, hardwood floors and tons of natural light. The large eat-in kitchen leads into the 4-season bright sunroom, your laundry is conveniently located on the main level with ease of access to the garage so you can bring your groceries directly in through your double car garage. Your large bright primary bedroom is just off the main living space, with a huge walk-in closet and 4-piece ensuite. Engage in the many activities that Wellington on the Lake offers; inground heated pool, tennis/ pickle ball, lawn bowling, shuffleboard, outdoor and indoor fitness equipment. Lots of clubs to join. Within easy walking distance to the Wellington Golf Course and the Millenium Trail. The village of Wellington offers everything you need. The County is famous for our award-winning Wineries, Breweries, Eateries, Beaches and Spas. Come EXIT to the County!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$539,920
Land Transfer Taxes$9,973
Legal Fees (Est.)
$
Total cash required for closing$146,453

Total Monthly Obligation

$3,447/mo
Mortgage $2,722
Monthly Loss $2,730
Principal$716
Interest$2,006
Property Tax$349
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$18,307/yr
Net Cash Flow
-$1,197/mo
Cash Margin
-47.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.4/ 100

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

Comparables

Properties near 12 Aletha Drive

Time

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Data last updated within the past 24 hours.