2942 Fairlea Crescent, Hunt Club - South Keys and Area

$375,000
2942 Fairlea Crescent

$375,000

New
51d
Condo Townhouse2-Storey

2942 Fairlea Crescent, Hunt Club - South Keys and Area

Total Monthly Obligation $2,409

Beds
3
Baths
2
Park
2
Sqft
1000-1199
DOM
51d
Score
25
Yield
7.8%
Cash on Cash
2.6%
Cap Rate
5.1%
5Y IRR
17.6%
10Y IRR
16.3%
Property Type-Condo Townhouse
MLS® Number-X13734896
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 2, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,221 (2025)
Maintenance-$511.56/mo
Locker-None
Parking-2 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Foundation-Concrete
Possession-TBD
Neighbourhood-3804 - Heron Gate/Industrial Park
Title-Residential Condo & Other

No agent assigned

***VERY RARE OPPORTUNITY TO OWN TWO PARKING SPOTS****. Freshly painted and move-in ready, this beautifully updated 3-bedroom end-unit condo townhome with rare 2-car parking offers the perfect blend of comfort, style, and convenience. The kitchen features modern finishes, stainless steel appliances, and ample counter and cabinet space-ideal for both everyday living and entertaining.The bright and spacious main floor showcases a sun-filled living room with large patio doors leading to a private, fully fenced backyard backing onto green space-perfect for relaxing, gardening, or keeping an eye on the kids while enjoying the outdoors just steps away. A separate dining area enhances the home's functional layout.Upstairs, you'll find three generously sized bedrooms and an updated full family bathroom. The partially finished basement extends your living space with a versatile recreation room or guest area, a brand new 3-piece bathroom, laundry, and plenty of storage.Enjoy the ease of condo living, with exterior maintenance, building insurance, water, snow removal, and lawn care (common areas) all included. The rare offering of two parking spaces adds exceptional value, along with a quiet location set away from the road and directly across from a park.Ideally located within walking distance to transit, grocery stores, schools, and parks, and just minutes to the O-Train, hospitals, Recreation Centre-this home truly offers "park heaven" living. A fantastic opportunity for first-time buyers or investors-book your showing today! Condo fees reflect two parking spots.

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

Closing Costs

Mortgage Amount
$300,000
Land Transfer Taxes$4,100
Legal Fees (Est.)
$
Total cash required for closing$80,600

Total Monthly Obligation

$2,409/mo
Mortgage $1,513
Monthly Loss $2,011
Principal$398
Interest$1,115
Property Tax$185
Condo Fees$512
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.4%3
5-Year IRR
13.2%59
10-Year IRR
13.3%
Returns Index
30.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$29,088/yr
NOI
$15,419/yr
Net Cash Flow
-$228/mo
Cash Margin
-9.4%1
Cash Flow Index
0.8/ 100
Risk Profile
Weight: 20%
DSCR
0.8517
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo68
Risk Index
34.4/ 100

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

Comparables

Properties near 2942 Fairlea Crescent

Time

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