277 Andrew Street, South Huron

$549,900
277 Andrew Street

$549,900

New
28d
Detached2-Storey

277 Andrew Street, South Huron

Total Monthly Obligation $2,820

Beds
4
Baths
2
Park
3
Sqft
1500-2000
DOM
28d
Score
25
Yield
6.3%
Cash on Cash
3.5%
Cap Rate
5.3%
5Y IRR
18.3%
10Y IRR
16.9%
Property Type-Detached
MLS® Number-X13829808
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-100.4 × 112 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,723 (2026)
Parking-4 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-LPT REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Exeter
Title-Residential Freehold

No agent assigned

ATTENTION, families, investors, and developers! This solid 2-storey brick home offers endless potential in the heart of Exeter, sitting on a rare double lot with the possibility of a future severance (buyer to complete their own due diligence). Whether you're searching for a spacious family home, income property, or investment opportunity, this property checks all the boxes. The upper level features three generous bedrooms, each with its own walk-in closet, along with a spacious 5-piece bathroom. The main floor welcomes you through a practical mudroom with ample storage before entering the functional kitchen, complete with a convenient 2-piece bathroom nearby. The bright living room flows seamlessly into the dining area, creating a comfortable space for everyday living and entertaining. Also on the main level is a fourth bedroom, offering flexibility for guests, a home office, or multi-generational living. A front foyer provides access to the second level and the inviting covered front porch. Outside, the possibilities continue. The oversized single-car garage offers excellent storage or workshop space, while the expansive side lot presents exciting potential for a future severance, making this an exceptional opportunity for investors and developers alike. Vacant lots in this established neighbourhood, just steps from downtown Exeter, are becoming increasingly difficult to find and could provide significant future value. Located close to schools, parks, shopping, restaurants, and all the amenities Exeter has to offer, this property combines location, character, and outstanding investment potential. Whether you choose to move in, renovate, generate rental income, or explore future development opportunities, this is a property with unlimited possibilities. Rare opportunities like this don't come along often. Book your private showing today and discover the potential this unique Exeter property has to offer!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$2,820/mo
Mortgage $2,218
Monthly Loss $2,236
Principal$584
Interest$1,634
Property Tax$227
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.3%4
5-Year IRR
13.8%63
10-Year IRR
13.6%
Returns Index
33.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$34,560/yr
NOI
$23,881/yr
Net Cash Flow
-$228/mo
Cash Margin
-7.9%1
Cash Flow Index
1.0/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo57
Risk Index
31.8/ 100

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

Comparables

Properties near 277 Andrew Street

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.

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Data last updated within the past 24 hours.