289 Mary Rose Avenue, Saugeen Shores

$849,999
289 Mary Rose Avenue

$849,999

New
29d
Detached2-Storey

289 Mary Rose Avenue, Saugeen Shores

Total Monthly Obligation $4,243

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
29d
Score
17
Yield
4.1%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-X13823960
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-45.02 × 131.24 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$5,278 (2025)
Parking-4 - Attached
Basement-Unfinished
Heating-Fan Coil (Gas)
Brokerage-eXp Realty
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Stone, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Saugeen Shores
Title-Residential Freehold

No agent assigned

Building new sounds exciting until the upgrades start adding up, the unexpected expenses appear, and you are left trying to understand the HST rebate. Welcome to 289 Mary Rose Avenue, where the hard work has already been done.Only two years old, this beautifully cared for home shows like new and has already been upgraded beyond what you typically receive with a standard new build. Walk inside to a spacious entrance, beautiful morning light, and a cozy fireplace that makes the home feel warm and welcoming from the moment you arrive.The kitchen and bathrooms have been thoughtfully finished with quartz countertops, two tone cabinetry, a farmhouse sink, herringbone backsplash, under cabinet lighting, custom moulding, upgraded hardware, and beautiful lighting throughout. Even the powder room has been designed to make an impression. Step outside to the new 16 by 16 foot deck overlooking a generous backyard with plenty of room for children to play, summer dinners, and quiet evenings outdoors.The Biener trails are waiting at the end of the road, giving you the convenience of a family friendly neighbourhood with the peaceful feeling of nature. When the day is done, you are only a 10 minute walk from some of the most beautiful sunsets in Port Elgin. No construction delays. No constant upgrade decisions. No surprise costs. Just a nearly new, move in ready home waiting for its next family to begin making memories.

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

Closing Costs

Mortgage Amount
$679,999
Land Transfer Taxes$13,475
Legal Fees (Est.)
$
Total cash required for closing$184,975

Total Monthly Obligation

$4,243/mo
Mortgage $3,429
Monthly Loss $3,341
Principal$902
Interest$2,526
Property Tax$440
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.3%20
10-Year IRR
8.5%
Returns Index
11.2/ 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
$35,196/yr
NOI
$21,898/yr
Net Cash Flow
-$1,604/mo
Cash Margin
-54.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.8/ 100

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

Comparables

Properties near 289 Mary Rose Avenue

Time

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Data last updated within the past 24 hours.