824 Alice Street, Cornwall

$449,900
824 Alice Street

$449,900

New
27d
DetachedBungalow

824 Alice Street, Cornwall

Total Monthly Obligation $2,497

Beds
2
Baths
2
Park
4
Sqft
700-1100
DOM
27d
Score
29
Yield
7.3%
Cash on Cash
6.4%
Cap Rate
6.0%
5Y IRR
20.7%
10Y IRR
18.9%
Property Type-Detached
MLS® Number-X13831820
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-46 × 113 ft
Listed on site-Sep 26, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,687 (2025)
Parking-5 - Detached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX AFFILIATES MARQUIS LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-717 - Cornwall
Title-Residential Freehold

No agent assigned

A practical layout, flexible living space, and a central Cornwall location make this bungalow an easy fit for a variety of buyers. The main floor keeps everyday living simple with two bedrooms, a full bathroom, main-floor laundry, and a bright living space, while patio doors extend the home outdoors to a generous rear deck. Downstairs, the finished basement adds plenty of versatility with a large rec room, second full bathroom, wet bar with sink, and a bonus room well suited for a home office, guest space, or potential third bedroom. Outside, a carport and detached garage provide added parking and storage. Directly across from Cornwall Community Hospital and just minutes from shopping, restaurants, parks, schools, and everyday amenities, this is a convenient option for first-time buyers, downsizers, or anyone looking for a home with room to adapt to their needs.

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

Closing Costs

Mortgage Amount
$359,920
Land Transfer Taxes$5,473
Legal Fees (Est.)
$
Total cash required for closing$96,953

Total Monthly Obligation

$2,497/mo
Mortgage $1,815
Monthly Loss $2,019
Principal$478
Interest$1,337
Property Tax$307
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.8%35
Cash-on-Cash
-0.3%7
5-Year IRR
15.5%74
10-Year IRR
15.1%
Returns Index
39.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
29/ 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
$33,000/yr
NOI
$21,513/yr
Net Cash Flow
-$22/mo
Cash Margin
-0.8%4
Cash Flow Index
4.1/ 100
Risk Profile
Weight: 20%
DSCR
0.9926
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
36.5/ 100

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

Comparables

Properties near 824 Alice Street

Time

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