96 Lorne Street, Meaford

$349,000
96 Lorne Street

$349,000

New
28d
DetachedBungalow

96 Lorne Street, Meaford

Total Monthly Obligation $1,991

Beds
2
Baths
1
Park
4
Sqft
1100-1500
DOM
28d
Score
82
Yield
13.2%
Cash on Cash
33.0%
Cap Rate
11.7%
5Y IRR
43.1%
10Y IRR
39.3%
Property Type-Detached
MLS® Number-X13827430
Beds-2
Bathrooms-1
Size-1100-1500 sqft
Lot Size-62.76 × 213.04 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,503 (2025)
Parking-6 - Detached
Basement-Unfinished, Crawl Space
Heating-Forced Air (Gas)
Brokerage-RE/MAX Four Seasons Realty Limited
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Meaford
Title-Residential Freehold

No agent assigned

Perfect home for first time buyers and investors. This 2 bedroom, 1 bathroom bungalow home features main floor living room, spacious kitchen, additional large family room with sliding glass door walkout to back deck. Newer laminate flooring throughout main living space and updated kitchen cabinets. Updated 4 piece bathroom with large soaker tub. Efficient forced air gas heating. Beautifully landscaped yard with mature trees and newly planted hedge. Ample parking with long private driveway and detached oversized single car garage with hydro and workbench. Large67 x 213 ft. lot, with plenty of privacy. Located on a quiet street in Meaford, close to park, schools, shopping, restaurants, golf, beach, trails, and downtown amenities.

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

Closing Costs

Mortgage Amount
$279,200
Land Transfer Taxes$3,710
Legal Fees (Est.)
$
Total cash required for closing$75,010

Total Monthly Obligation

$1,991/mo
Mortgage $1,408
Monthly Loss $1,621
Principal$370
Interest$1,037
Property Tax$209
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
9.9%87
Cash-on-Cash
23.5%97
5-Year IRR
35.3%100
10-Year IRR
32.4%
Returns Index
96.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
82/ 100
Good•Buy

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$46,116/yr
NOI
$34,501/yr
Net Cash Flow
$1,467/mo
Cash Margin
38.2%99
Cash Flow Index
99.0/ 100
Risk Profile
Weight: 20%
DSCR
2.0496
LTV Ratio
80.0%18
Vacancy Buffer
4.6 mo78
Risk Index
64.1/ 100

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

Comparables

Properties near 96 Lorne Street

Time

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