46 Sea Breeze Drive, Norfolk

$1,199,900
46 Sea Breeze Drive

$1,199,900

New
29d
DetachedBungalow

46 Sea Breeze Drive, Norfolk

Total Monthly Obligation $5,793

Beds
4
Baths
3
Park
4
Sqft
1100-1500
DOM
29d
Score
15
Yield
3.0%
Cash on Cash
-11.0%
Cap Rate
2.2%
5Y IRR
6.9%
10Y IRR
7.9%
Property Type-Detached
MLS® Number-X13825080
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-55.25 × 171.23 ft
Listed on site-Sep 24, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$6,932 (2025)
Parking-6 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Inground, Salt
Facing-West
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60-89 days
Neighbourhood-Port Dover
Title-Residential Freehold

No agent assigned

A brick bungalow of exceptional craftsmanship, set on a quiet, tree-lined street minutes from the beach, marina, and shops of downtown Port Dover. 2,877 square feet of finished living space spans two levels, framed by mature landscaping, a covered front porch, and an attached garage. The main level is finished in porcelain tile throughout, with vaulted ceilings and an open plan centred on a stone-clad gas fireplace. The kitchen is generous in scale, opening onto a dining area suited for entertaining and a sun-filled living room. Two bedrooms and two bathrooms complete this level, led by a primary suite with a private ensuite and sliding doors that open directly onto the pool deck. The lower level unfolds as a dedicated entertainer's retreat: a custom stone-and-granite bar finished to a restaurant-grade standard, a games room centred on a second gas fireplace, and a private fitness space, each considered as carefully as the rooms above. Two additional bedrooms and a full bathroom with heated floors offer comfortable, private accommodations for family or guests. Outdoors, mature trees and manicured hedging provide complete privacy around a composite deck and a 30x40 ft saltwater pool, creating a true four-season retreat for entertaining or quiet evenings alike. Several improvements made this year including a new roof, stove, oven, washer, dryer, and microwave.

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

Closing Costs

Mortgage Amount
$959,920
Land Transfer Taxes$20,473
Legal Fees (Est.)
$
Total cash required for closing$261,953

Total Monthly Obligation

$5,793/mo
Mortgage $4,840
Monthly Loss $4,519
Principal$1,274
Interest$3,566
Property Tax$578
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%11
Cash-on-Cash
-14.4%0
5-Year IRR
4.3%9
10-Year IRR
6.2%
Returns Index
5.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$36,000/yr
NOI
$20,968/yr
Net Cash Flow
-$3,093/mo
Cash Margin
-103.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.363
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.6/ 100

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

Comparables

Properties near 46 Sea Breeze Drive

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