280 Charlotte Street, Central Elgin

$549,000
280 Charlotte Street

$549,000

New
21d
DetachedBungalow

280 Charlotte Street, Central Elgin

Total Monthly Obligation $2,887

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
21d
Score
22
Yield
5.7%
Cash on Cash
-0.1%
Cap Rate
4.6%
5Y IRR
15.5%
10Y IRR
14.6%
Property Type-Detached
MLS® Number-X13854864
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-44 × 132.74 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,569 (2025)
Parking-4 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Port Stanley
Title-Residential Freehold

No agent assigned

Location is everything, this property truly delivers. Situated on a quiet street just steps from Little Beach and only a short walk to Port Stanley's Main Beach, you'll have easy access to one of Ontario's most beloved beach communities. This well-maintained, year-round brick home, the ideal blend of comfort, convenience, and coastal charm. Featuring 3 spacious bedrooms and 2 full washrooms and a fully finished basement with a cozy family room adorned with a fireplace. This inviting home provides plenty of space for families, retirees. The home has had many updates newer roof, All the windows and doors replaced, in 2026 the attic was insulated up to current code. The fully fenced backyard is perfect for entertaining, gardening, or simply unwinding in your own peaceful outdoor oasis. Stroll to the village's charming boutiques, local shops, and inviting restaurants, or pick up your everyday essentials at Foodland, conveniently located just down the road. Whether you're searching for a full-time residence, a weekend escape, or an investment opportunity, this exceptional property offers the best of lakeside living in one of Southwestern Ontario's most desirable communities. Don't miss your chance to own a piece of Port Stanley-where every day feels like a vacation!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$439,200
Land Transfer Taxes$7,455
Legal Fees (Est.)
$
Total cash required for closing$118,755

Total Monthly Obligation

$2,887/mo
Mortgage $2,215
Monthly Loss $2,304
Principal$583
Interest$1,632
Property Tax$297
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.2%44
10-Year IRR
11.6%
Returns Index
23.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$31,080/yr
NOI
$19,903/yr
Net Cash Flow
-$556/mo
Cash Margin
-21.5%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
28.8/ 100

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

Comparables

Properties near 280 Charlotte Street

Time

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