128 Erie Avenue, Middlesex Centre

$799,900
128 Erie Avenue

$799,900

New
36d
DetachedSidesplit 4

128 Erie Avenue, Middlesex Centre

Total Monthly Obligation $3,883

Beds
3
Baths
2
Park
6
Sqft
1100-1500
DOM
36d
Score
20
Yield
5.1%
Cash on Cash
-1.1%
Cap Rate
4.3%
5Y IRR
14.7%
10Y IRR
13.9%
Property Type-Detached
MLS® Number-X13794962
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-120 × 180 ft
Listed on site-Sep 17, 2026
Style-Sidesplit 4
Building Type-Detached
Taxes-$3,381 (2025)
Parking-8 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-MATCH REALTY INC.,
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible Closing
Neighbourhood-Komoka
Title-Residential Freehold

No agent assigned

Immaculately Cared-For Side-Split on an Exceptional 120' x 180' Corner Lot. Welcome to this lovingly maintained 3-bedroom, 2-bathroom side-split, proudly owned by only its second owner. Meticulously cared for over the years, this well-kept home offers comfortable family living, thoughtful updates and an incredible property with endless possibilities.The updated kitchen provides a bright, functional space for everyday living and entertaining. Pride of ownership is evident throughout this exceptionally well-maintained home. One of the standout features is the massive 120' x 180' corner lot, offering an abundance of space, privacy and flexibility. The mature, treed an fully landscaped yard creates a beautiful and peaceful setting, while the covered back porch provides the perfect spot to relax, entertain or enjoy the outdoors in comfort, rain or shine. For the hobbyist, tradesperson or anyone needing extra storage, this property offers even more with a one-car attached garage. There's also a second driveway and a detached shop. The second driveway provides convenient additional parking and easy access to the spacious rear portion of the property. The corner location and exceptional lot size also open the door to exciting future possibilities. There is potential to explore severance into up to three lots, subject to municipal approvals, zoning and buyer due diligence. Whether you choose to enjoy this property exactly as it is or explore its future development potential, the possibilities are impressive.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$639,920
Land Transfer Taxes$12,473
Legal Fees (Est.)
$
Total cash required for closing$173,953

Total Monthly Obligation

$3,883/mo
Mortgage $3,227
Monthly Loss $3,034
Principal$849
Interest$2,378
Property Tax$282
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.1%43
10-Year IRR
11.4%
Returns Index
22.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$40,800/yr
NOI
$28,839/yr
Net Cash Flow
-$823/mo
Cash Margin
-24.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7412
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
23.1/ 100

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

Comparables

Properties near 128 Erie Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.