197 Lake Breeze Drive, Ashfield-Colborne-Wawanosh

$429,900
197 Lake Breeze Drive

$429,900

New
18d
DetachedBungalow

197 Lake Breeze Drive, Ashfield-Colborne-Wawanosh

Total Monthly Obligation $2,109

HausQ Valuation Report
Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
18d
Score
31
Yield
6.7%
Cash on Cash
7.3%
Cap Rate
6.1%
5Y IRR
21.4%
10Y IRR
19.5%
Property Type-Detached
MLS® Number-X13863906
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Parking-3 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-Coldwell Banker All Points-Festival City Realty
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Community
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Slab
Sewer-Sewer
Possession-Flexible
Neighbourhood-Colborne
Title-Residential Freehold

No agent assigned

Welcome home to 197 Lake Breeze Dr located in the 55+ lifestyle community, The Bluffs at Huron - just north of Goderich, On. This Lakeside model offers 1,276 sqft of one-level living space, all with practicality and convenience in mind. Open concept floor plan with spacious front bedroom or home office, 4pc bath, laundry room, primary suite with walk-in closet and ensuite. Featuring many upgrades including a gorgeous gas fireplace with custom floating shelves, new deck with built-in bbq with counters. The attached, spacious garage offers great additional overhead storage. Morning coffee watching the sunrise on your east-facing covered front porch will be your favourite spot. Almost $50,000 in upgrades in this home! The amenities in this community are endless - newly built dog-run park, pickleball courts, state-of-the-art club house with indoor pool, activities, pool tables, social spaces and more! Beach access awaits for summer days along the shores of Lake Huron. Just a short drive into Goderich for all your needs - call today for more on this lovely lifestyle community.

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

Closing Costs

Mortgage Amount
$343,920
Land Transfer Taxes$5,073
Legal Fees (Est.)
$
Total cash required for closing$92,553

Total Monthly Obligation

$2,109/mo
Mortgage $1,734
Monthly Loss $1,653
Principal$456
Interest$1,278
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.0%38
Cash-on-Cash
0.7%9
5-Year IRR
16.2%78
10-Year IRR
15.5%
Returns Index
42.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
31/ 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
$28,800/yr
NOI
$21,420/yr
Net Cash Flow
$51/mo
Cash Margin
2.1%7
Cash Flow Index
7.1/ 100
Risk Profile
Weight: 20%
DSCR
1.0329
LTV Ratio
80.0%18
Vacancy Buffer
4.5 mo77
Risk Index
41.4/ 100

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

Comparables

Properties near 197 Lake Breeze Drive

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.

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Data last updated within the past 24 hours.