22 Terrace Drive, Bells Corners and South to Fallowfield

$638,000
22 Terrace Drive

$638,000

New
20d
Att/Row/Townhouse2-Storey

22 Terrace Drive, Bells Corners and South to Fallowfield

Total Monthly Obligation $3,302

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
20d
Score
19
Yield
5.0%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Att/Row/Townhouse
MLS® Number-X13858634
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-59.64 × 107.28 ft
Listed on site-Oct 3, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-31-50
Taxes-$4,246 (2025)
Parking-3 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick Veneer, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-tbd
Neighbourhood-7802 - Westcliffe Estates
Title-Residential Freehold

No agent assigned

Size matters-and this end-unit townhome delivers. Welcome to a remarkably spacious (1800+sqft) 3-bedroom, 2.5-bath home tucked into a quiet enclave in Bells Corners. Built in 1988, its striking architectural detail creates instant curb appeal and hints at the character found throughout. With a layout that truly lives like a single, this home offers exceptional square footage, thoughtful design, and room to grow.The main floor features a generous living room, bright dining area off the kitchen-ideal for everyday living and entertaining, a Rare MAIN FLOOR FAMILY ROOM and a convenient 2-piece powder room for standout functionality. A distinctive wall of windows in the living room floods the space with natural light and creates a beautiful focal point. The family room overlooks the backyard and showcases dramatic vaulted ceilings, pot lighting, and a cozy gas fireplace.The kitchen includes a gas stove, granite counters, breakfast bar, pot drawers, and stainless appliances. Find gorgeous hardwood and tile flooring throughout. Upstairs, the expansive principal bedroom features a lux 5-piece ensuite with soaker tub and fireplace feature, separate shower, and double sinks. Two 2ndary bedrooms and a full bath offer space for family or guests.The lower level adds more versatility with an office space, a recreation room featuring oversized windows, storage,bathroom rough-in for future customization.Outdoors,find a side deck off the family room and 2 interlock patios for relaxing or entertaining. Gas BBQ included.Updates include select window replacements and exterior cladding on wood windows. Roof: approx. 3 years (front) and 7-8 years (back). Inside entry to the garage adds everyday convenience.A beautifully designed and generously sized home on a quiet street-perfect for families seeking space, comfort, and a welcoming community. Walking distance to the Trans Canada Trail system for biking and walking, plus the shopping, restaurants, and amenities of Bells Corners are close.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$510,400
Land Transfer Taxes$9,235
Legal Fees (Est.)
$
Total cash required for closing$138,335

Total Monthly Obligation

$3,302/mo
Mortgage $2,574
Monthly Loss $2,625
Principal$677
Interest$1,896
Property Tax$354
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.4%32
10-Year IRR
10.2%
Returns Index
17.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$32,040/yr
NOI
$20,090/yr
Net Cash Flow
-$899/mo
Cash Margin
-33.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.9/ 100

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

Comparables

Properties near 22 Terrace Drive

Time

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