38 Mercedes Drive, Belleville

$637,000
38 Mercedes Drive

$637,000

New
29d
DetachedBungalow

38 Mercedes Drive, Belleville

Total Monthly Obligation $3,426

HausQ Valuation Report
Beds
4
Baths
3
Park
4
Sqft
1100-1500
DOM
29d
Score
19
Yield
5.3%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X13824100
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-48.85 × 102.73 ft
Listed on site-Sep 24, 2026
Style-Bungalow
Building Type-Detached
Age-6-15
Taxes-$5,776 (2025)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Royal LePage ProAlliance Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-flex
Neighbourhood-Belleville Ward
Title-Residential Freehold

No agent assigned

Welcome home. This quality built, beautifully upgraded brick and stone bungalow is fully finished up and down. The insulated double car garage and paved driveway offer everyday convenience, while the Generac system provides added peace of mind year round. The main floor is thoughtfully designed for ease of living and features a patio door walkout to the backyard. Enjoy relaxing under the extended covered deck with added privacy from the louvered panels. Interior highlights include custom window coverings, quartz countertops in the kitchen and bathrooms, and a dedicated main-floor laundry/storage room. The primary suite offers a walk in closet and an upgraded walk in shower. The fully finished lower level extends the living space with a spacious recreation room, additional bedroom, office/den, and craft area. Exceptional storage throughout completes this move in ready home offering comfort, style, and functionality. Rarely available on the highly desirable Mercedes Drive.

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$509,600
Land Transfer Taxes$9,215
Legal Fees (Est.)
$
Total cash required for closing$138,115

Total Monthly Obligation

$3,426/mo
Mortgage $2,569
Monthly Loss $2,750
Principal$676
Interest$1,893
Property Tax$481
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.5%32
10-Year IRR
10.2%
Returns Index
17.1/ 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
$33,696/yr
NOI
$20,050/yr
Net Cash Flow
-$899/mo
Cash Margin
-32.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
24.2/ 100

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

Comparables

Properties near 38 Mercedes Drive

Time

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