311 Ibanez Walk, Leitrim

$618,000
311 Ibanez Walk

$618,000

New
28d
Att/Row/Townhouse2-Storey

311 Ibanez Walk, Leitrim

Total Monthly Obligation $3,179

Beds
3
Baths
3
Park
2
Sqft
1100-1500
DOM
28d
Score
20
Yield
5.2%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Att/Row/Townhouse
MLS® Number-X13829094
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-20.01 × 98.43 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-0-5
Taxes-$3,730 (2026)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-JUST IMAGINE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30 days
Neighbourhood-2501 - Leitrim
Title-Residential Freehold

No agent assigned

PREMIUM LOT - NO REAR NEIGHBOURS! A stunning townhome in the highly sought-after Lilythorne Community, perfectly situated on a quiet street backing onto a serene forested setting. Enjoy the privacy and natural beauty while just a short walk to the shops, restaurants, and everyday conveniences at the Findlay Creek Centre. Built by Claridge in 2021, this meticulously maintained home is vacant and move-in ready. Step inside to a spacious foyer featuring a glass front door, transom windows, double closets, and convenient inside access to the garage. Rich oak hardwood flooring extends throughout the main living areas and continues with matching stair railings and balusters. The bright, open-concept layout is enhanced by 9-foot ceilings, modern lighting, pot lights, and fresh white paint on all three levels. The living room has a floor-to-ceiling window over looking the wooded backdrop, while patio doors off the dining area provide seamless access to the West-facing backyard, perfect for summer entertaining. The stylish kitchen is thoughtfully designed with extended cabinets, quartz countertops, a large island, and quality stainless steel appliances. Upstairs, the spacious primary bedroom features a walk-in closet and a private Ensuite bath. Two additional bedrooms and a full bathroom with double sinks complete this level. The fully finished basement offers a large family room, laundry room, and plenty of storage space; ideal for growing families. Located within walking distance to parks, trails, and schools, this home is perfect for families with an active lifestyle. Set in a vibrant, family-friendly community known for its excellent amenities, and scenic surroundings. Public transit and a Park & Ride are nearby for an easy commute.

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

Closing Costs

Mortgage Amount
$494,400
Land Transfer Taxes$8,835
Legal Fees (Est.)
$
Total cash required for closing$133,935

Total Monthly Obligation

$3,179/mo
Mortgage $2,493
Monthly Loss $2,523
Principal$656
Interest$1,837
Property Tax$311
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.9%1
5-Year IRR
10.2%37
10-Year IRR
10.8%
Returns Index
19.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$32,268/yr
NOI
$20,811/yr
Net Cash Flow
-$759/mo
Cash Margin
-28.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
26.1/ 100

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

Comparables

Properties near 311 Ibanez Walk

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