77561 Melena Drive, Central Huron

$599,900
77561 Melena Drive

$599,900

New
37d
DetachedBungaloft

77561 Melena Drive, Central Huron

Total Monthly Obligation $3,131

HausQ Valuation Report
Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
37d
Score
23
Yield
6.0%
Cash on Cash
1.5%
Cap Rate
4.9%
5Y IRR
16.7%
10Y IRR
15.6%
Property Type-Detached
MLS® Number-X13790184
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-60.51 × 293.53 ft
Listed on site-Sep 16, 2026
Style-Bungaloft
Building Type-Detached
Taxes-$4,032.66 (2025)
Parking-4 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-None
Laundry-No
Fireplace-Wood
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-Flexible
Neighbourhood-Goderich
Title-Residential Freehold

No agent assigned

Escape to this delightful waterfront cottage, perfect for family getaways or a relaxing retreat. With 3 bedrooms plus a cozy bunkie, it's ready to welcome friends and family. Step outside to your own sandy beach, with municipal beach access just down the road. Inside discover a beautifully renovated kitchen, cathedral ceilings with warm wood accents, and a cozy wood fireplace perfect for curling up with a good book after a day by the lake. More updates include new flooring, roof, and windows for peace of mind. The bluffs in front of the cottage have been carefully maintained, featuring a reinforced retaining wall and additional measures like bluff planting, silt socks, and hydroseeding help keep the water front beautiful. Conveniently located between Goderich and Grand Bend, enjoy all that Bayfield and the surrounding areas have to offer: a9-hole golf course, vineyards and breweries, local farmers' markets, and the charm of downtown Bayfield just a 3-minute drive away.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,131/mo
Mortgage $2,420
Monthly Loss $2,494
Principal$637
Interest$1,783
Property Tax$336
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-4.0%3
5-Year IRR
12.5%54
10-Year IRR
12.6%
Returns Index
28.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$36,000/yr
NOI
$23,867/yr
Net Cash Flow
-$431/mo
Cash Margin
-14.4%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8215
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
28.2/ 100

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

Comparables

Properties near 77561 Melena Drive

Time

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Data last updated within the past 24 hours.