1283 Surrey Avenue, Hunt Club - South Keys and Area

$864,900
1283 Surrey Avenue

$864,900

Price Change
20d
Detached2-Storey

1283 Surrey Avenue, Hunt Club - South Keys and Area

Total Monthly Obligation $4,451

Beds
4
Baths
3
Park
7
Sqft
2500-3000
DOM
20d
Score
24
Yield
6.4%
Cash on Cash
2.9%
Cap Rate
5.2%
5Y IRR
17.9%
10Y IRR
16.5%
Property Type-Detached
MLS® Number-X13858178
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-88 × 81.8 ft
Listed on site-Oct 3, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,047.53 (2026)
Parking-9 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-AVENUE NORTH REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate/Flexible
Neighbourhood-3803 - Ellwood
Title-Residential Freehold

No agent assigned

RARE DOUBLE LOT! An exceptional opportunity to own a spacious 4-bedroom family home on a massive 88' x 80' lot! Built by the original owners in 1978, this generously sized home offers incredible space, functionality and one of the standout lots in the area. The home features solid 6-inch exterior walls plus insulation, reflecting the quality construction of the era. A welcoming front veranda adds great curb appeal and provides the perfect spot to relax and enjoy the neighbourhood. The main floor features a large living room, separate dining room, spacious family room with a wood-burning fireplace and direct access to the rear yard, kitchen with eating area, and convenient main-floor laundry. Upstairs offers four generously sized bedrooms, including a primary bedroom with two closets and a private ensuite, plus a separate guest bathroom. The finished basement provides even more room for the family with a large recreation/family room and plenty of storage space. Step outside and appreciate the exceptionally large double lot, offering tremendous outdoor space for entertaining, children, gardening, recreation and future possibilities. The double-car garage and repaved laneway and side area provide parking for up to 9 vehicles, or 6 vehicles plus a boat and trailer - a rare feature! The home has been well cared for over the years, with several important updates already completed, including a 2012 roof, 2018 furnace, air conditioning and water heater, annual furnace maintenance, copper wiring, and improvements to the garage. The primary bathroom shower enclosure was also replaced in 2026. Conveniently located close to shops, schools and transit, making everyday living easy and accessible. The home remains largely in its original condition, offering an exciting opportunity for the next owner to update & personalize the space to their own taste while enjoying the substantial size and lot this property has to offer. A rare combination of space, lot size and potential awaits!

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

Closing Costs

Mortgage Amount
$691,920
Land Transfer Taxes$13,773
Legal Fees (Est.)
$
Total cash required for closing$188,253

Total Monthly Obligation

$4,451/mo
Mortgage $3,489
Monthly Loss $3,533
Principal$918
Interest$2,571
Property Tax$587
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.0%5
5-Year IRR
14.1%65
10-Year IRR
13.8%
Returns Index
34.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$55,200/yr
NOI
$38,132/yr
Net Cash Flow
-$311/mo
Cash Margin
-6.8%1
Cash Flow Index
1.3/ 100
Risk Profile
Weight: 20%
DSCR
0.9120
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
24.0/ 100

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

Comparables

Properties near 1283 Surrey Avenue

Time

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