349 Smith Street, Wellington North

$895,000
349 Smith Street

$895,000

New
18d
Detached2-Storey

349 Smith Street, Wellington North

Total Monthly Obligation $4,279

Beds
4
Baths
3
Park
6
Sqft
2000-2500
DOM
18d
Score
17
Yield
4.0%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-X13861096
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-87.76 × 200 ft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,528 (2026)
Parking-7 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Shingles
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Arthur
Title-Residential Freehold

No agent assigned

Luxury living in the heart of a wonderful community. Completely updated inside and out, this exceptional 4-bedroom, 3-bathroom home combines quality craftsmanship, top-of-the-line finishes and thoughtful design throughout. From the covered front porch, step into a beautifully finished main floor where wide-plank hardwood flooring, unique ceiling details, architectural nooks and modern light fixtures create a sophisticated and inviting atmosphere. The living room features a gas fireplace with Taj Mahal quartz surround and barn board mantel, large windows with distinctive arched alcove and a striking coffered ceiling. The kitchen and dining area form the heart of the home, centered around a large island with gorgeous waterfall quartz. The perfect gathering space for family and guests. A side entrance from the driveway leads to a beautifully designed mudroom with built-in storage and herringbone brick tile. The versatile main-floor bonus room offers the flexibility to serve as a family room, home office or main-floor bedroom, complemented by a beautifully finished 4-piece bathroom featuring stunning tilework and the convenience of main-floor laundry. Upstairs, your primary suite is a true retreat, complete with walk-in closet and luxurious 5-piece ensuite featuring soaker tub, glass shower and double vanity. Three additional bedrooms offer hardwood floors, generous closet space and large windows, sharing another beautifully updated 4-piece bathroom. Outside, enjoy the privacy of a spacious backyard complemented by a large covered deck, creating the perfect setting for entertaining, relaxing and seamless indoor-outdoor living. The detached garage makes for a great space for hobbies, projects and storage. Located close to local shops, schools and parks, this is one of the standout homes in Arthur, offering exceptional quality and incredible value at this price point.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$716,000
Land Transfer Taxes$14,375
Legal Fees (Est.)
$
Total cash required for closing$194,875

Total Monthly Obligation

$4,279/mo
Mortgage $3,610
Monthly Loss $3,329
Principal$950
Interest$2,660
Property Tax$294
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.4/ 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
$36,000/yr
NOI
$24,372/yr
Net Cash Flow
-$1,579/mo
Cash Margin
-52.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
19.9/ 100

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

Comparables

Properties near 349 Smith Street

Time

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