23 Carberry Road, Erin

$919,000
23 Carberry Road

$919,000

New
28d
DetachedBungalow-Raised

23 Carberry Road, Erin

Total Monthly Obligation $4,503

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
28d
Score
17
Yield
4.3%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Detached
MLS® Number-X13827606
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-47.41 × 216.44 ft
Listed on site-Sep 25, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-31-50
Taxes-$5,049 (2025)
Parking-4 - Attached
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Erin
Title-Residential Freehold

No agent assigned

Welcome to 23 Carberry Road, a beautifully updated raised bungalow set on an oversized lot on one of Erin's most peaceful, sought-after cul-de-sacs. Offering over 2,400 sq ft of total living space across 3 bedrooms and 2 bathrooms, this move-in-ready home suits growing families and downsizers alike, without compromising on quality, comfort, or style. Step inside to a bright, open-concept main floor finished with new oak stairs and engineered hardwood flooring throughout. Large, newly installed windows fill the space with natural light, and clean sightlines connect the living and dining areas to a custom chef-inspired kitchen - complete with a gas range, full-size refrigerator, generous prep space, and sleek, elegant cabinetry. All three bedrooms and both full bathrooms have been tastefully updated with modern fixtures and finishes. The partially finished basement adds valuable flexibility, ready to become a recreation room, home office, gym, or additional living space. Outside, the expansive backyard is made for summer barbecues, quiet morning coffee, or future projects - from a garden to a swimming pool. Located in a quiet, family-friendly neighbourhood with mature trees, nearby parks, and a welcoming community, this home is just minutes from historic downtown Erin's shops, restaurants, and local amenities.

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

Closing Costs

Mortgage Amount
$735,200
Land Transfer Taxes$14,855
Legal Fees (Est.)
$
Total cash required for closing$200,155

Total Monthly Obligation

$4,503/mo
Mortgage $3,707
Monthly Loss $3,527
Principal$975
Interest$2,732
Property Tax$421
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.3%25
10-Year IRR
9.2%
Returns Index
13.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$39,600/yr
NOI
$26,091/yr
Net Cash Flow
-$1,533/mo
Cash Margin
-46.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
19.4/ 100

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

Comparables

Properties near 23 Carberry Road

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.