159 ST. MICHAELS Street, Norfolk

$799,900
159 ST. MICHAELS Street

$799,900

New
22d
Detached2-Storey

159 ST. MICHAELS Street, Norfolk

Total Monthly Obligation $4,196

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
22d
Score
17
Yield
4.5%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X13849910
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-0.167 Acres
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$7,128 (2026)
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-Delhi
Title-Residential Freehold

No agent assigned

Welcome to 159 St. Michael's Street, Delhi, a stunning custom-built, main floor living bungaloft in Norfolk Fairway Estates. Boasting 1,830 beautifully finished sq ft with a full unfinished basement and no rear neighbours. The open concept kitchen/dining/living room with vaulted ceilings is the heart of the home with the kitchen being a cooks dream with ample storage and quartz counter space and stainless-steel appliances (included). The centrepiece electric fireplace helps set the ambiance and large windows allow ample natural lighting. The spacious Primary Suite features views to the backyard, as well as a walk-in closet and an oversized four-piece ensuite privilege. Another large bedroom, currently used as an office, and main floor laundry finish off the main level. Head upstairs to the loft where you will find a spacious den/family room, another bedroom and four-piece bathroom. The full basement is drywalled and studded with a bathroom roughed in but awaiting your finishing touches. The double wide, exposed aggregate concrete driveway can park four vehicles, and the double car attached garage with inside entry is great for storage or even a couple more cars. The covered rear 12'x24' composite deck is the perfect place to relax and unwind while having near complete backyard privacy. Gorgeous landscaping and hardscaping with inground sprinklers to keep it looking fresh. 159 St. Michael's is a beautiful & spacious, yet welcoming home with nothing to do but move in and enjoy. Book your private viewing today. Monthly common elements condo fees are $195.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$639,920
Land Transfer Taxes$12,473
Legal Fees (Est.)
$
Total cash required for closing$173,953

Total Monthly Obligation

$4,196/mo
Mortgage $3,227
Monthly Loss $3,347
Principal$849
Interest$2,378
Property Tax$594
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.4%1
5-Year IRR
7.5%20
10-Year IRR
8.6%
Returns Index
11.5/ 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
$36,000/yr
NOI
$20,772/yr
Net Cash Flow
-$1,496/mo
Cash Margin
-49.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.545
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.0/ 100

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

Comparables

Properties near 159 ST. MICHAELS Street

Time

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