2024 Othello Avenue, Elmvale Acres and Area

$875,000
2024 Othello Avenue

$875,000

New
28d
DetachedBungalow

2024 Othello Avenue, Elmvale Acres and Area

Total Monthly Obligation $4,256

Beds
5
Baths
2
Park
3
Sqft
700-1100
DOM
28d
Score
17
Yield
4.0%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Detached
MLS® Number-X13832520
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-62.65 × 90 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,221 (2025)
Parking-5 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-3703 - Elmvale Acres/Urbandale
Title-Residential Freehold

No agent assigned

Turnkey, upgraded, and packed with value, welcome to this fabulous 4-bedroom (2+2), 2-bath bungalow in the sought-after Elmvale Acres / Urbandale neighbourhood. Showcasing over $160,000 in renovations, this home delivers the perfect mix of style, function, and income potential. The bright main level features a beautifully updated kitchen with granite countertops, high-end appliances, and hardwood flooring throughout, flowing into a sun-filled sunroom retreat, ideal for year-round enjoyment. Main floor laundry adds everyday convenience. Major updates include roof shingles (2016), energy-efficient windows (2017-2020), renovated bathroom (2019), furnace (2022), and fencing (2019). A rare highlight is the oversized heated double-car garage with inside wheelchair access, offering unmatched versatility. This is perfect to fix your car or store your boat! The fully finished lower level features a vacant in-law suite with private entrance, kitchen, and two bedrooms, perfect for multi-generational living or strong rental income. Ideally located near hospitals, shopping, transit, parks, and everyday amenities, this move-in-ready home is a standout opportunity for families, first-time buyers, and investors alike.

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

Closing Costs

Mortgage Amount
$700,000
Land Transfer Taxes$13,975
Legal Fees (Est.)
$
Total cash required for closing$190,475

Total Monthly Obligation

$4,256/mo
Mortgage $3,530
Monthly Loss $3,327
Principal$929
Interest$2,601
Property Tax$352
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.3%20
10-Year IRR
8.5%
Returns Index
11.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$34,800/yr
NOI
$22,599/yr
Net Cash Flow
-$1,646/mo
Cash Margin
-56.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.8/ 100

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

Comparables

Properties near 2024 Othello Avenue

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.