62 Compass Trail 9, Central Elgin

$569,900
62 Compass Trail 9

$569,900

Sold Conditional Escape
29d
Vacant Land CondoBungalow

62 Compass Trail 9, Central Elgin

Total Monthly Obligation $2,679

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
29d
Score
30
Yield
6.4%
Cash on Cash
5.4%
Cap Rate
5.7%
5Y IRR
19.9%
10Y IRR
18.1%
Property Type-Vacant Land Condo
MLS® Number-X13823972
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 24, 2026
Style-Bungalow
Building Type-Vacant Land Condo
Age-New
Maintenance-$180/mo
Locker-None
Parking-2 - Attached
Basement-Unfinished, Development Potential
Heating-Forced Air (Gas)
Brokerage-PRIME REAL ESTATE BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Board & Batten , Brick
Roof-Shingles
Foundation-Concrete
Possession-other
Neighbourhood-Port Stanley
Title-Residential Condo & Other

No agent assigned

Imagine stepping into your brand-new, beautifully crafted attached condo, where every day feels like a retreat. Welcome to 62 Compass Trail, Unit #9, an exceptional opportunity to secure a lifestyle of ease just minutes from the shoreline of Port Stanley's Main Beach. Listed at $569,900, this stunning residence perfectly captures the essence of coastal charm while delivering a smart, high-value investment.Designed with an emphasis on seamless main floor living, this property invites you to experience a bright and airy atmosphere. It is the ultimate canvas for your personal style, offering the incredible opportunity to customize your space through the builder's selection process. Whether you envision creating a cozy lower-level retreat by opting to finish the basement or adding bespoke lighting, the potential to tailor this home to your exact needs is limitless.Beyond its beautiful interiors, this home promises an effortless lock-and-leave lifestyle. It is tailored perfectly for down-sizers looking to simplify, busy professionals seeking a modern sanctuary, or snowbirds wanting a low-maintenance home base. Outside your front door, a vibrant community awaits, offering immediate access to boutique shops, local dining, and the relaxing lakeside atmosphere. Whether you are looking for a permanent year-round haven or a weekend escape, this residence blends luxury and practicality in an idyllic location.Opportunities to secure a brand-new home of this caliber in such a sought-after neighborhood are rare. Don't miss your chance to experience this exceptional property firsthand. Please note that these homes are to be built and photos showcase a previous model.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$455,920
Land Transfer Taxes$7,873
Legal Fees (Est.)
$
Total cash required for closing$123,353

Total Monthly Obligation

$2,679/mo
Mortgage $2,299
Monthly Loss $2,074
Principal$605
Interest$1,694
Condo Fees$180
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.0%37
Cash-on-Cash
0.6%9
5-Year IRR
16.1%77
10-Year IRR
15.4%
Returns Index
41.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 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
$36,540/yr
NOI
$28,326/yr
Net Cash Flow
$62/mo
Cash Margin
2.0%7
Cash Flow Index
6.9/ 100
Risk Profile
Weight: 20%
DSCR
1.0329
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
35.9/ 100

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

Comparables

Properties near 62 Compass Trail 9

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.