216 Martin Drive, Middlesex Centre

$1,049,900
216 Martin Drive

$1,049,900

New
36d
Detached2-Storey

216 Martin Drive, Middlesex Centre

Total Monthly Obligation $5,105

Beds
5
Baths
4
Park
4
Sqft
2500-3000
DOM
36d
Score
17
Yield
4.4%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-X13795582
Beds-5
Bathrooms-4
Size-2500-3000 sqft
Lot Size-62.5 × 111.68 ft
Listed on site-Sep 17, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$5,936 (2026)
Parking-6 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59
Neighbourhood-Ilderton
Title-Residential Freehold

No agent assigned

Welcome to 216 Martin Drive in family-friendly Ilderton. Offering over 3,700 sq. ft. of finished living space, this exceptional two-storey home has been thoughtfully designed for modern family living with high-end finishes, custom upgrades, and incredible attention to detail throughout. The bright, open-concept main floor features a lovely kitchen with a centre island, spacious dining area, inviting living room and a front family room with custom stone fireplace, built-ins and exposed wood beams, and a dedicated home office. California shutters throughout add timeless style and privacy. Upstairs offers four generous bedrooms, including a spacious primary suite with a walk-in closet and luxurious 5-piece ensuite. The professionally finished basement (2025) extends your living space with a large recreation room, additional bedroom, full bathroom, laundry room, custom built-in storage, and sweet custom children's playhouse that creates the perfect space for family fun. Step outside to your private backyard retreat featuring professional landscaping, turf, stonework, an all-season swim spa, pergola, and plenty of space to relax or entertain. With more than $250,000 invested in premium upgrades, this move-in-ready home offers the perfect combination of luxury, function, and family-friendly living. Located close to parks, schools, recreation, and just minutes from London, this is one you'll want to experience in person.

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

Closing Costs

Mortgage Amount
$839,920
Land Transfer Taxes$17,473
Legal Fees (Est.)
$
Total cash required for closing$228,953

Total Monthly Obligation

$5,105/mo
Mortgage $4,235
Monthly Loss $3,990
Principal$1,114
Interest$3,121
Property Tax$495
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
8.7%27
10-Year IRR
9.6%
Returns Index
14.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$46,272/yr
NOI
$31,209/yr
Net Cash Flow
-$1,634/mo
Cash Margin
-42.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
18.2/ 100

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

Comparables

Properties near 216 Martin Drive

Time

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