2171 DESCARTES Street, Orleans - Cumberland and Area

$749,900
2171 DESCARTES Street

$749,900

New
24d
DetachedBungalow

2171 DESCARTES Street, Orleans - Cumberland and Area

Total Monthly Obligation $3,807

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
24d
Score
19
Yield
4.9%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X13839014
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-45.01 × 111.55 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,883 (2025)
Parking-5 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-1119 - Notting Hill/Summerside
Title-Residential Freehold

No agent assigned

Welcome to this exceptional modified Extended Elgin Model; the largest floorplan, which offers a spacious 2+1 bedroom, 3-bathroom bungalow on a generous lot. Vaulted ceilings highlight the oversized family room and primary bedroom. The open-concept kitchen features a separate eating area overlooking the family room with a gas fireplace, while the front living room with closing French doors is ideal as a home office. Hardwood flooring throughout the main floor, main-floor bathroom featuring an accessible walk-in shower/tub jacuzzi for enhanced ease and convenience. A fully finished basement with an additional bedroom and full bathroom, and a rear patio deck complete this fantastic home. The finished lower level also offers excellent potential for multigenerational living. Pride of ownership is evident throughout. Ideally located close to Avalon Public School, parks, Millennium Sports Park and Petrie Island. A must-see 10+!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$599,920
Land Transfer Taxes$11,473
Legal Fees (Est.)
$
Total cash required for closing$162,953

Total Monthly Obligation

$3,807/mo
Mortgage $3,025
Monthly Loss $3,011
Principal$796
Interest$2,229
Property Tax$407
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.8%1
5-Year IRR
9.5%32
10-Year IRR
10.2%
Returns Index
17.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$36,840/yr
NOI
$23,773/yr
Net Cash Flow
-$1,044/mo
Cash Margin
-34.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
22.4/ 100

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

Comparables

Properties near 2171 DESCARTES Street

Time

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