223 Serra Ridge, Orleans - Cumberland and Area

$669,000
223 Serra Ridge

$669,000

Price Change
30d
Detached2-Storey

223 Serra Ridge, Orleans - Cumberland and Area

Total Monthly Obligation $3,464

Beds
3
Baths
3
Park
2
Sqft
1100-1500
DOM
30d
Score
19
Yield
4.9%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.4%
Property Type-Detached
MLS® Number-X13819832
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-30.02 × 88.58 ft
Listed on site-Sep 23, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,681 (2026)
Parking-3 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-1119 - Notting Hill/Summerside
Title-Residential Freehold

No agent assigned

Welcome to 223 Serra Ridge, in the lovely neighbourhood of Summerside in Orleans. This detached 3-bedroom, 2.5-bath home offers approximately 1,490 sq. ft. of living space plus a finished basement, with an attached single garage. Front brick exterior and enclosed front porch give a warm first impression. Step inside to a comfortable foyer with a convenient powder room nearby, follow the hardwood flooring into the open-concept main level. The living and dining areas connect naturally with the kitchen, creating an easy layout for everyday life and entertaining. Upgraded by Mattamy, the chef's kitchen features white cabinetry, stainless steel appliances, generous workspace and a central island with room for casual breakfasts or quick meals. Sliding doors from the dining area provide an easy connection to the backyard. Upstairs, the bright primary bedroom enjoys plenty of natural light and a private ensuite upgraded by Mattamy to the Oasis model, complete with a double vanity, generous counter space, soaker tub and separate walk-in shower. Two additional bedrooms offer flexibility for children, guests or a dedicated work-from-home space, while a full bathroom. The finished basement adds another comfortable place to settle in, with a family room centered around a gas fireplace framed in brick. There is room to shape the space around your lifestyle, whether that's a play area, home office, workout zone or a combination of uses. Outside, the fully fenced backyard is ready for summer dinners, playtime or gatherings with friends. With a park just 5 houses down the street, Francois Dupuis Recreation Centre around the corner, plus trails, schools, shopping and restaurants within easy reach, this Orléans location offers families and professionals room to enjoy now and space to grow into.

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

Closing Costs

Mortgage Amount
$535,200
Land Transfer Taxes$9,855
Legal Fees (Est.)
$
Total cash required for closing$145,155

Total Monthly Obligation

$3,464/mo
Mortgage $2,699
Monthly Loss $2,754
Principal$710
Interest$1,988
Property Tax$390
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.4%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.6/ 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
$32,700/yr
NOI
$20,249/yr
Net Cash Flow
-$1,011/mo
Cash Margin
-37.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.8/ 100

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

Comparables

Properties near 223 Serra Ridge

Time

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