10111 Herbert Street, Lambton Shores

$409,900
10111 Herbert Street

$409,900

New
38d
DetachedBungalow

10111 Herbert Street, Lambton Shores

Total Monthly Obligation $2,178

Beds
2
Baths
1
Park
3
Sqft
< 700
DOM
38d
Score
19
Yield
4.4%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Detached
MLS® Number-X13792888
Beds-2
Bathrooms-1
Size-< 700 sqft
Lot Size-96 × 144 ft
Listed on site-Sep 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$1,795 (2025)
Parking-3 - None
Basement-None
Heating-Other (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Window Unit(s)
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-West
Exterior-Board & Batten
Roof-Shingles
Foundation-Unknown
Sewer-Septic
Possession-FLEXIBLE
Neighbourhood-Port Franks
Title-Residential Freehold

No agent assigned

Escape to the ultimate coastal lifestyle in Port Franks! This bright, open-concept 2-bedroom cottage captures natural light from every angle, featuring a welcoming living area anchored by a warm gas fireplace and a bright white kitchen perfect for easy living. The primary bedroom offers a serene retreat complete with a spacious walk-in closet, complemented by a versatile second bedroom. Step outside onto your private front deck nestled among mature trees-an exceptional backdrop for morning coffee, evening relaxation, or weekend BBQs. Minutes from the river, scenic hiking trails, marinas, golf courses, local dining, and pristine sandy beaches. Whether you're looking for a low-maintenance cottage, an incredible getaway, or a smart investment, this cottage is ready for its next chapter.

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

Closing Costs

Mortgage Amount
$327,920
Land Transfer Taxes$4,673
Legal Fees (Est.)
$
Total cash required for closing$88,153

Total Monthly Obligation

$2,178/mo
Mortgage $1,653
Monthly Loss $1,743
Principal$435
Interest$1,218
Property Tax$150
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.3%0
5-Year IRR
6.8%17
10-Year IRR
8.2%
Returns Index
10.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$18,000/yr
NOI
$9,905/yr
Net Cash Flow
-$828/mo
Cash Margin
-55.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo76
Risk Index
33.0/ 100

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

Comparables

Properties near 10111 Herbert Street

Time

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