88 Optimist Drive, Southwold

$1,048,000
88 Optimist Drive

$1,048,000

New
21d
Detached2-Storey

88 Optimist Drive, Southwold

Total Monthly Obligation $4,602

Beds
5
Baths
4
Park
2
Sqft
3000-3500
DOM
21d
Score
17
Yield
3.6%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-X13856046
Beds-5
Bathrooms-4
Size-3000-3500 sqft
Lot Size-55 × 118 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Age-New
Parking-4 - Attached
Basement-Partially Finished, Walk-Up
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Stone, Brick
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-30 days
Neighbourhood-Rural Southwold
Title-Residential Freehold

No agent assigned

Welcome to the new upgraded Matwood Model offered by PineTree Homes. Located in the newly developed Talbotville Meadows, this executive home is sure to tick all your boxes. Located on a 55 ft lot this 2 storey home boasts over 3000 sqft of space. Upon stepping through the grand front entrance a study/office with french doors awaits, along with a half bath, mudroom outfitted with cubbies leading out to garage, and a large walk in storage area. At the rear of the main floor is the kitchen with quartz counters and island, walk in pantry, and beautiful porcelain tiles. An appliance package is included with this new build with wall oven and microwave, radiant cooktop,dishwasher and refrigerator. The kitchen is open to the good sized dinette with walkout to covered back deck with ceiling fan and gas hookup. The light filled great room with fireplace completes the main floor layout. The second level boasts a luxurious primary suite with fully outfitted walk-in closet, and a 7 piece luxury ensuite. 2 of the bedrooms offer ensuite privelage to a 6 piece family bath and a full wall of closets. And of course no modern layout would be complete without the second floor laundry room and large linen closet. And if that isn't enough for mulit family living there is a rec room, bedroom, and 4 piece bath on the lower level with a direct walk up to its own separate entrance from the garage. This brand new home is a must see for families looking to step up to executive home living in a small town setting. Short drives to London, St Thomas and the beaches of Port Stanley this area offers it all. Price includes proposed 2026 HST rebates.

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

Closing Costs

Mortgage Amount
$838,400
Land Transfer Taxes$17,435
Legal Fees (Est.)
$
Total cash required for closing$228,535

Total Monthly Obligation

$4,602/mo
Mortgage $4,227
Monthly Loss $3,490
Principal$1,112
Interest$3,115
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.0%23
10-Year IRR
8.9%
Returns Index
12.9/ 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
$37,548/yr
NOI
$29,293/yr
Net Cash Flow
-$1,786/mo
Cash Margin
-57.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
19.1/ 100

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

Comparables

Properties near 88 Optimist Drive

Time

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