48 Cottonwood Drive, St. Thomas

$609,900
48 Cottonwood Drive

$609,900

New
29d
DetachedBungalow

48 Cottonwood Drive, St. Thomas

Total Monthly Obligation $3,129

Beds
4
Baths
2
Park
2
Sqft
1100-1500
DOM
29d
Score
22
Yield
5.6%
Cash on Cash
0.0%
Cap Rate
4.6%
5Y IRR
15.6%
10Y IRR
14.6%
Property Type-Detached
MLS® Number-X13822308
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-45.94 × 111.05 ft
Listed on site-Sep 24, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$3,530 (2025)
Parking-3 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric, Family Room
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

Welcome to this move-in ready, extensively updated former model home by Cannon Homes in the north-east end of St. Thomas, with easy access to London via Highbury or Wellington Rd. Tons of updates have been done in the last 5 years, including new (2023) North-Star double-hung windows, (lifetime transferrable warranty), patio door, and exterior doors (both with keyless entry). Bigger than it looks, this freshly painted 3+1 bedroom bungalow with a single car garage (inside entry and wifi enabled garage door opener with keyless entry) has a beautiful updated kitchen and dining area (2025) with plenty of cupboard space (with pull out drawers) and quartz countertops. From the dining area, you walk out through a patio door that leads you to a covered deck with glass railing on a fully fenced private backyard with a raised vegetable garden. The fully finished basement, tastefully renovated in 2021 and meticulously maintained, comes with a spacious family room/playroom with a built-in entertainment unit and electric fireplace, an office, an extra bedroom, with egress window, perfect for your overnight guest, plus a 3-pc bathroom and more storage. AC 2018, Hot water tank 2024. Perfect home for everyone, from young professionals, a young/growing family, or a family that is looking to downsize.

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

Mortgage Amount
$487,920
Land Transfer Taxes$8,673
Legal Fees (Est.)
$
Total cash required for closing$132,153

Total Monthly Obligation

$3,129/mo
Mortgage $2,460
Monthly Loss $2,482
Principal$647
Interest$1,813
Property Tax$294
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.3%2
5-Year IRR
11.5%46
10-Year IRR
11.7%
Returns Index
24.1/ 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
$34,020/yr
NOI
$22,588/yr
Net Cash Flow
-$578/mo
Cash Margin
-20.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7713
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
27.3/ 100

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

Comparables

Properties near 48 Cottonwood Drive

Time

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