298 Albert Street S, Saugeen Shores

$622,900
298 Albert Street S

$622,900

New
29d
DetachedBacksplit 3

298 Albert Street S, Saugeen Shores

Total Monthly Obligation $3,244

Beds
3
Baths
3
Park
4
Sqft
700-1100
DOM
29d
Score
19
Yield
5.1%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X13824550
Beds-3
Bathrooms-3
Size-700-1100 sqft
Lot Size-60 × 115 ft
Listed on site-Sep 24, 2026
Style-Backsplit 3
Building Type-Detached
Taxes-$4,272 (2025)
Parking-5 - Attached
Basement-Finished, Finished with Walk-Out
Heating-Baseboard (Electric)
Brokerage-Wilfred McIntee & Co Limited
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Wood , Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete, Block
Sewer-Sewer
Possession-1-29 days
Neighbourhood-Saugeen Shores
Title-Residential Freehold

No agent assigned

Welcome to 298 Albert Street South in Southampton - a move-in-ready split-level home offering fantastic space, impressive curb appeal and incredible value at just $622,900! From the professionally landscaped exterior, custom front staircase and attractive stone driveway to the bright, open-concept interior, this home is ready for its next owners to simply move in and enjoy. The gentler-sloped driveway is also a major bonus, making everyday parking and winter access easier than many properties in the neighbourhood.Inside, vaulted ceilings create a bright and spacious feel throughout the main living area, complemented by three bedrooms and two bathrooms. The versatile lower level adds even more living and entertaining space with a dry bar, Ducting is already done for your future furnace installation, direct garage access, laundry, convenient side-door entry and two flexible rooms perfect for a family room, home office, guest space, games room or additional entertaining area.Step outside and you'll find a backyard made to be enjoyed - an ideal setting for summer BBQs, gatherings with friends and family, or simply relaxing outdoors after a day at the beach. With easy access directly from the lower level, indoor and outdoor entertaining flows naturally.Complete with a 1.5-car attached garage, 200-amp electrical service in the garage which is convenient for EV charger, quick possession available, and a fantastic Southampton location just minutes from the beach, downtown shops, restaurants and amenities, this property offers a lot of home for the money. Now listed at an incredible $622,900 - get it while it's LISTED! OPEN HOUSE - Saturday, September 26th from 2:00-4:00 PM. Come tour 298 Albert Street South in person and see everything this home has to offer. Or Book your private showing today with your realtor of choice.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$498,320
Land Transfer Taxes$8,933
Legal Fees (Est.)
$
Total cash required for closing$135,013

Total Monthly Obligation

$3,244/mo
Mortgage $2,513
Monthly Loss $2,582
Principal$661
Interest$1,851
Property Tax$356
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.8%1
5-Year IRR
9.5%32
10-Year IRR
10.2%
Returns Index
17.2/ 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
$31,656/yr
NOI
$19,718/yr
Net Cash Flow
-$869/mo
Cash Margin
-33.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo49
Risk Index
25.3/ 100

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

Comparables

Properties near 298 Albert Street S

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.