409 Joseph Street 16, Saugeen Shores

$475,000
409 Joseph Street 16

$475,000

New
29d
Condo Townhouse2-Storey

409 Joseph Street 16, Saugeen Shores

Total Monthly Obligation $2,765

Beds
3
Baths
3
Park
1
Sqft
1200-1399
DOM
29d
Score
22
Yield
6.6%
Cash on Cash
0.1%
Cap Rate
4.6%
5Y IRR
15.6%
10Y IRR
14.7%
Property Type-Condo Townhouse
MLS® Number-X13829768
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-11-15
Taxes-$3,285.05 (2026)
Maintenance-$375/mo
Locker-None
Parking-2 - Built-In
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Century 21 Millennium Inc.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Immediate closing possible
Neighbourhood-Saugeen Shores
Title-Residential Condo & Other

No agent assigned

Welcome to easy, carefree living in this move-in ready townhouse condo, perfectly suited to families, first-time buyers or anyone looking to simplify life without sacrificing space or comfort. Set in a desirable, family-friendly neighbourhood close to schools, shopping and the beach, this neat and tidy home offers 3 bedrooms, 3 bathrooms and a single-car attached garage, with a fully finished layout that makes everyday living a breeze. Step inside to an inviting open-concept main floor where the kitchen flows naturally into the living/dining area, creating a comfortable space for family time and entertaining. Updated luxury vinyl flooring adds warmth to the living room, while ceramic tile runs through the kitchen and main hallway. A convenient 2-piece powder room completes the main level. Sliding doors off the living area lead to a private patio - your own little outdoor retreat for morning coffee, summer barbecues or relaxing with friends, without the fuss of a large yard to maintain. Upstairs, the spacious primary bedroom features generous double closets, plus two additional bedrooms and a 4-piece family bathroom providing room for everyone! The finished basement adds valuable living space with a family room, recent 3-piece bath and laundry tucked neatly under the stairs. Whether it's movie nights, a playroom, a home office or space for guests, there's room to make it your own. Location? Family-friendly convenience at its best. Elementary Schools are within walking distance, shopping is close by, and Port Elgin Main Beach is approximately a 20-minute walk away. Enjoy the freedom to spend less time on home maintenance and more time enjoying the things that matter. With affordable condo fees of just $375/month, this is a smart choice for comfortable, low-maintenance living in a welcoming neighbourhood. Just unpack, settle in and enjoy - carefree condo living with room for the whole family!

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

Closing Costs

Mortgage Amount
$380,000
Land Transfer Taxes$5,975
Legal Fees (Est.)
$
Total cash required for closing$102,475

Total Monthly Obligation

$2,765/mo
Mortgage $1,916
Monthly Loss $2,261
Principal$504
Interest$1,412
Property Tax$274
Condo Fees$375
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-5.0%2
5-Year IRR
11.8%49
10-Year IRR
12.1%
Returns Index
25.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$31,200/yr
NOI
$17,895/yr
Net Cash Flow
-$425/mo
Cash Margin
-16.3%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo59
Risk Index
30.1/ 100

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

Comparables

Properties near 409 Joseph Street 16

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.