199 Patrick Street, Thames Centre

$775,088
199 Patrick Street

$775,088

New
23d
Detached2-Storey

199 Patrick Street, Thames Centre

Total Monthly Obligation $3,501

Beds
4
Baths
3
Park
4
Sqft
2000-2500
DOM
23d
Score
21
Yield
4.9%
Cash on Cash
-0.2%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Detached
MLS® Number-X13842402
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-41.63 × 102 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Age-New
Parking-5 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Thorndale
Title-Residential Freehold

No agent assigned

TO BE BUILT*** Welcome to Elliott Estates - an exciting new community offering quality craftsmanship, modern design, and energy-efficient living. Built by "Your Hometown Builder," Dick Masse Homes Ltd., a trusted local builder with over 35 years of experience, this beautifully crafted 2-storey home offers 2,094 square feet of thoughtfully designed living space and is built to Energy Star qualifications for enhanced comfort and efficiency.Featuring 4 spacious bedrooms and 9' ceilings on the main floor, this home perfectly blends style and functionality for today's lifestyle. The exterior showcases timeless brick on the main level with durable vinyl siding on the upper level, creating lasting curb appeal.Inside, enjoy stylish vinyl plank flooring throughout the main floor, cozy carpeting in the bedrooms and closets, and tile flooring in the upper bathrooms and convenient second-floor laundry room. The unfinished lower level awaits your personal touch and offers endless possibilities for additional living space.Ideally located less than 15 minutes from the Masonville area and only 10 minutes from East London, Elliott Estates offers the perfect balance of peaceful community living with easy access to schools, shopping, and everyday amenities.Offered at $775,088, including the 13% HST rebate, subject to Buyer qualification and assignment to the Seller. This affordable, energy-efficient, and beautifully finished home is an exceptional opportunity in one of the area's most anticipated developments

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

Closing Costs

Mortgage Amount
$620,070
Land Transfer Taxes$11,977
Legal Fees (Est.)
$
Total cash required for closing$168,495

Total Monthly Obligation

$3,501/mo
Mortgage $3,126
Monthly Loss $2,679
Principal$823
Interest$2,304
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
11.7%48
10-Year IRR
11.9%
Returns Index
25.2/ 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
$37,800/yr
NOI
$29,520/yr
Net Cash Flow
-$666/mo
Cash Margin
-21.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
25.5/ 100

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

Comparables

Properties near 199 Patrick Street

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.

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Data last updated within the past 24 hours.