532 Lakeridge Drive 1, Orleans - Cumberland and Area

$369,900
532 Lakeridge Drive 1

$369,900

Price Change
24d
Condo TownhouseStacked Townhouse

532 Lakeridge Drive 1, Orleans - Cumberland and Area

Total Monthly Obligation $2,441

Bed+Den
2+2
Baths
3
Park
2
Sqft
1200-1399
DOM
24d
Score
21
Yield
7.1%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.9%
Property Type-Condo Townhouse
MLS® Number-X13838720
Bed+Den-2+2
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Sep 29, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$3,192.94 (2026)
Maintenance-$482.6/mo
Locker-None
Parking-2 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-EXIT EXCEL REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick Veneer, Vinyl Siding
Possession-ASAP
Neighbourhood-1118 - Avalon East
Title-Residential Condo & Other

No agent assigned

Welcome to 532 Lakeridge Drive, a bright and spacious south-facing END-UNIT condo featuring the rare bonus of TWO PARKING SPACES, an uncommon and highly sought-after bonus, as most units in the area offer only one, making it an exceptional opportunity for first-time homebuyers downsizers, young families, or professional couples. This well-maintained home offers two generously sized bedrooms, 2.5 bathrooms, and a highly functional layout designed for comfortable everyday living. Each bedroom includes its own private ensuite, providing a rare level of convenience and privacy. The kitchen is equipped with stainless steel appliances and ceramic tile floors, while HARDWOOD FLOORING flows seamlessly into the living spaces. Outdoor enjoyment awaits with both a private balcony and backyard patio. Adding to the appeal, a large park and green space are located directly across the street, providing beautiful views and easy access to outdoor recreation. Ideally located close to shopping, schools, daycares, parks, dining, and public transit, this move-in-ready unit combines comfort, practicality, and an unbeatable location. Some photos have been virtually staged to showcase the space with furniture.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$295,920
Land Transfer Taxes$4,024
Legal Fees (Est.)
$
Total cash required for closing$79,504

Total Monthly Obligation

$2,441/mo
Mortgage $1,492
Monthly Loss $2,048
Principal$393
Interest$1,099
Property Tax$266
Condo Fees$483
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.4%38
10-Year IRR
11.2%
Returns Index
20.2/ 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
$26,400/yr
NOI
$12,376/yr
Net Cash Flow
-$461/mo
Cash Margin
-20.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo68
Risk Index
31.8/ 100

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

Comparables

Properties near 532 Lakeridge Drive 1

Time

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Data last updated within the past 24 hours.