246 Leather Leaf Terrace, Barrhaven

$539,900
246 Leather Leaf Terrace

$539,900

New
28d
Att/Row/Townhouse3-Storey

246 Leather Leaf Terrace, Barrhaven

Total Monthly Obligation $2,845

Beds
2
Baths
4
Park
2
Sqft
1500-2000
DOM
28d
Score
21
Yield
5.4%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.8%
Property Type-Att/Row/Townhouse
MLS® Number-X13831252
Beds-2
Bathrooms-4
Size-1500-2000 sqft
Lot Size-20.18 × 44.46 ft
Listed on site-Sep 25, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Age-6-15
Taxes-$3,510 (2025)
Parking-3 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-7706 - Barrhaven - Longfields
Title-Residential Freehold

No agent assigned

OPEN HOUSE Sunday, Sept. 27, 2-4 PM! Welcome to 246 Leather Leaf Terrace, where a peaceful park setting meets the convenience of sought-after Longfields! Directly across from Leather Leaf Park and more than an acre of green space, this Richcraft-built, three-level freehold townhome enjoys an open outlook rarely found in a townhome. On Barrhaven's northeast side, schools are within walking distance and routes toward downtown are close by. Inside, an impressive 1,578 sq. ft. offers 2 generous bedrooms, 4 bathrooms and a layout designed for everyday life. The spacious tiled foyer leads to a powder room and a versatile den, ideal for a home office. Upstairs, large windows fill the open-concept living level with natural light. Hardwood floors flow through the living and dining areas, giving you room to entertain. The stunning eat-in kitchen features upgraded cabinetry and hardware, quartz countertops, a subway tile backsplash, stainless steel appliances, tile flooring and an island with breakfast bar. Enjoy casual meals in the separate eating area, then step through French doors onto the spacious terrace for a BBQ or a relaxing evening overlooking the park. A second powder room completes this level. All 4 bathrooms feature upgraded vanities with quartz countertops and undermount sinks. The third level offers a spacious primary bedroom with a 5 pc ensuite and dual closets. A second generous bedroom, another full bathroom and laundry complete this level. The unfinished basement provides storage or room to expand. Loaded with thoughtful upgrades, freshly painted and with professionally cleaned carpets, this home is ready to move right in and call HOME! Parking for 3 vehicles. Close to Fallowfield VIA Rail station and Longfields transit station, a proposed future LRT stop. Cafés, restaurants and Barrhaven shopping are nearby. Come see what makes this home and its location so special!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$431,920
Land Transfer Taxes$7,273
Legal Fees (Est.)
$
Total cash required for closing$116,753

Total Monthly Obligation

$2,845/mo
Mortgage $2,178
Monthly Loss $2,272
Principal$573
Interest$1,605
Property Tax$293
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.3%38
10-Year IRR
10.9%
Returns Index
19.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$29,196/yr
NOI
$18,266/yr
Net Cash Flow
-$656/mo
Cash Margin
-26.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo57
Risk Index
28.5/ 100

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

Comparables

Properties near 246 Leather Leaf Terrace

Time

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