63 Melody Lane, East Luther Grand Valley

$819,987
63 Melody Lane

$819,987

New
37d
DetachedBungaloft

63 Melody Lane, East Luther Grand Valley

Total Monthly Obligation $4,223

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
37d
Score
15
Yield
4.1%
Cash on Cash
-7.6%
Cap Rate
3.0%
5Y IRR
9.6%
10Y IRR
9.9%
Property Type-Detached
MLS® Number-X13791430
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-38.06 × 108.86 ft
Listed on site-Sep 16, 2026
Style-Bungaloft
Building Type-Detached
Age-0-5
Taxes-$6,478.84 (2025)
Parking-5 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-Rural East Luther Grand Valley
Title-Residential Freehold

No agent assigned

63 Melody Lane has a calm, comfortable feel from the start. Morning coffee on the covered front porch, dinner on the covered rear deck, and a main-floor primary suite that keeps daily life simple. Large windows pull natural light through the main floor, while modern finishes, warm wood tones, and light colours make the home feel bright, polished, and easy to live in. Built in 2024, this Abbey model bungaloft by Thomasfield Homes sits on a 38-foot lot in Mayberry Hill, one of Grand Valley's most welcoming communities. The layout gets the big things right. The kitchen sits at the centre of daily life with warm wood cabinetry, a large pantry, white quartz counters, a contrasting tile backsplash, and matching luxurious white GE Cafe appliances with brushed gold accents, including a gas range with double oven, over-range microwave, counter-depth French-door refrigerator, and ultra-quiet dishwasher. The main-floor primary suite is what makes this home especially practical. You have a spacious bedroom, walk-in closet, and private ensuite on the main level, giving you the option to live comfortably on one floor without giving up the space of a larger home. Upstairs, the bungaloft design adds flexibility with additional bedrooms and second-floor laundry, making the 4-bedroom, 3-bathroom layout work well for downsizers, first-time buyers, and growing families. The basement is large, open, and filled with big windows, ready for whatever comes next. A rec room, gym, guest space, or hobby area all make sense here. Beyond the home, Mayberry Hill puts you close to downtown Grand Valley shops and restaurants, trails, parks, and the elementary school, with Orangeville only about 12 minutes away. With its covered outdoor spaces, main-floor primary suite, bright modern interior, and functional bungaloft layout, 63 Melody Lane is a home that feels easy to picture yourself in and even harder to leave.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$674,358($18,368 CMHC)
Land Transfer Taxes$12,875
Legal Fees (Est.)
$
Total cash required for closing$178,372

Total Monthly Obligation

$4,315/mo
Mortgage $3,400
Monthly Loss $3,420
Principal$895
Interest$2,505
Property Tax$540
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-12.4%0
5-Year IRR
4.7%10
10-Year IRR
7.2%
Returns Index
6.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$33,240/yr
NOI
$18,937/yr
Net Cash Flow
-$1,822/mo
Cash Margin
-65.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
82.2%14
Vacancy Buffer
2.2 mo35
Risk Index
17.7/ 100

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

Comparables

Properties near 63 Melody Lane

Time

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Data last updated within the past 24 hours.