2587 Roman Avenue, Britannia Heights - Queensway Terrace N and Area

$589,000
2587 Roman Avenue

$589,000

Price Change
37d
DetachedBungalow

2587 Roman Avenue, Britannia Heights - Queensway Terrace N and Area

Total Monthly Obligation $3,112

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
37d
Score
22
Yield
6.0%
Cash on Cash
1.0%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Detached
MLS® Number-X13796086
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-49 × 87 ft
Listed on site-Sep 16, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,337.87 (2026)
Parking-2 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60-90 days
Neighbourhood-6203 - Queensway Terrace North
Title-Residential Freehold

No agent assigned

Well maintained all brick three bedroom bungalow on a private lot situated in desirable Queensway Terrace North. The main level features hardwood floors, a spacious kitchen/eat in area and a well sized living room. The lower level features a large recreation, storage and laundry facilities. Notable updates include roof shingles (2016), central air conditioner and a high efficiency gas furnace. Survey on file (1974). Day before notice required for all showings. 24 hour irrevocable required on all offers. 60-90 day possession. Begin here.

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

Closing Costs

Mortgage Amount
$471,200
Land Transfer Taxes$8,255
Legal Fees (Est.)
$
Total cash required for closing$127,555

Total Monthly Obligation

$3,112/mo
Mortgage $2,376
Monthly Loss $2,487
Principal$625
Interest$1,751
Property Tax$361
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.5%3
5-Year IRR
12.1%51
10-Year IRR
12.3%
Returns Index
26.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$35,184/yr
NOI
$22,828/yr
Net Cash Flow
-$474/mo
Cash Margin
-16.2%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
27.9/ 100

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

Comparables

Properties near 2587 Roman Avenue

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