7220 Mitch Owens Road, Greely - Metcalfe - Osgoode - Vernon and Area

$584,900
7220 Mitch Owens Road

$584,900

Price Change
20d
DetachedBungalow

7220 Mitch Owens Road, Greely - Metcalfe - Osgoode - Vernon and Area

Total Monthly Obligation $2,940

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
20d
Score
23
Yield
5.7%
Cash on Cash
1.4%
Cap Rate
4.9%
5Y IRR
16.7%
10Y IRR
15.5%
Property Type-Detached
MLS® Number-X13858870
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-100 × 149.84 ft
Listed on site-Oct 3, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,473 (2026)
Parking-5 - Detached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-30-59 days
Neighbourhood-1605 - Osgoode Twp North of Reg Rd 6
Title-Residential Freehold

No agent assigned

Welcome to 7220 Mitch Owens Road, a 3-bedroom, 1-bathroom bungalow set on a spacious, private lot in Greely. Combining functional design with modern updates, this property features new concrete work at both the front and rear, ample driveway parking, and a detached, insulated garage. The main level offers a bright, practical layout centered around an updated kitchen. Designed for easy cooking and hosting, it features quartz countertops, gas stove, a large center island, generous cabinet storage, and stainless steel appliances-including a gas stove and built-in dishwasher. Three well-proportioned bedrooms and a full bathroom complete the main floor. Downstairs, a newly finished basement significantly expands your living space, providing a versatile layout ideal for a recreation room, home office, gym, or extra storage. Outdoors, the property offers complete privacy with no rear neighbors. The backyard is set up for relaxing and entertaining with a spacious deck, new stamped concrete patio space, and raised garden boxes. Situated just minutes from Bank Street, you enjoy the quiet feel of Greely while keeping everyday amenities and commute routes within easy reach.

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

Closing Costs

Mortgage Amount
$467,920
Land Transfer Taxes$8,173
Legal Fees (Est.)
$
Total cash required for closing$126,653

Total Monthly Obligation

$2,940/mo
Mortgage $2,359
Monthly Loss $2,320
Principal$621
Interest$1,738
Property Tax$206
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-4.0%3
5-Year IRR
12.5%53
10-Year IRR
12.5%
Returns Index
27.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$33,600/yr
NOI
$23,267/yr
Net Cash Flow
-$420/mo
Cash Margin
-15.0%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8215
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo55
Risk Index
29.5/ 100

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

Comparables

Properties near 7220 Mitch Owens Road

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.