3 Clover Lane, Norwich

$1,489,000
3 Clover Lane

$1,489,000

New
45d
DetachedBungalow

3 Clover Lane, Norwich

Total Monthly Obligation $7,032

Beds
4
Baths
4
Park
7
Sqft
2000-2500
DOM
45d
Score
13
Yield
1.8%
Cash on Cash
-16.0%
Cap Rate
1.1%
5Y IRR
3.1%
10Y IRR
5.1%
Property Type-Detached
MLS® Number-X13753210
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-111.68 × 283.74 ft
Listed on site-Sep 8, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$7,815 (2026)
Parking-10 - Attached
Basement-Finished, Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-eXp Realty of Canada Inc.
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-North
Exterior-Brick, Stone
Roof-Shingles
Foundation-Poured Concrete
Sewer-Septic
Possession-Immediate
Neighbourhood-Otterville
Title-Residential Freehold

No agent assigned

Welcome to this beautifully designed custom bungalow situated on a spacious estate lot in the family-friendly community of Otterville. Offering over 4,700 sq. ft. of finished living space, this impressive home features 3+1 bedrooms, 3.5 bathrooms, 2 kitchens and 2 laundry rooms, providing a versatile layout ideal for families or multi-generational living. The main floor features an open-concept design with 10' ceilings and 8' doors, creating a bright and spacious feel throughout. The well-appointed kitchen offers ample cabinetry and storage and overlooks the living and dining areas, making the space ideal for both everyday living and entertaining. The primary bedroom features a luxurious ensuite, while two additional bedrooms provide flexibility for family, guests, or a home office. The fully finished basement offers substantial additional living space, including a second kitchen, laundry room and in-law suite, providing excellent flexibility for extended family, guests or independent living. Outside, the expansive backyard offers plenty of space for outdoor entertaining, recreation and relaxation. The rare 3-car garage provides ample room for vehicles, storage and hobbies. Located close to schools, parks and local amenities, this custom bungalow offers a combination of generous living space, quality finishes and a functional layout in a peaceful small-town setting.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,191,200
Land Transfer Taxes$26,255
Legal Fees (Est.)
$
Total cash required for closing$325,555

Total Monthly Obligation

$7,032/mo
Mortgage $6,006
Monthly Loss $5,452
Principal$1,581
Interest$4,426
Property Tax$651
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
0.8%7
Cash-on-Cash
-18.8%0
5-Year IRR
1.0%4
10-Year IRR
3.7%
Returns Index
2.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 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
$27,000/yr
NOI
$11,985/yr
Net Cash Flow
-$5,007/mo
Cash Margin
-222.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.171
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
13.8/ 100

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

Comparables

Properties near 3 Clover Lane

Time

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