562 Lakeridge Drive 8, Orleans - Cumberland and Area

$389,900
562 Lakeridge Drive 8

$389,900

New
16d
Condo TownhouseStacked Townhouse

562 Lakeridge Drive 8, Orleans - Cumberland and Area

Total Monthly Obligation $2,448

Bed+Den
2+2
Baths
3
Park
1
Sqft
1200-1399
DOM
16d
Score
22
Yield
6.8%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.9%
Property Type-Condo Townhouse
MLS® Number-X13870390
Bed+Den-2+2
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 7, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$3,002.11 (2026)
Maintenance-$425.55/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Possession-TBD
Neighbourhood-1118 - Avalon East
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully maintained lower-unit terrace home, offering a functional layout, generous living space, and a fantastic location overlooking the neighbourhood park. The bright main level features an open-concept living and dining area with plenty of room to entertain, along with direct access to the private deck and patio-perfect for summer BBQs or relaxing outdoors. The kitchen offers ample cabinetry and counter space, a convenient breakfast bar, and a separate eating area with views of the park. A powder room completes the main level. Downstairs, you'll find two spacious bedrooms, each with its own private 4-piece ensuite, making this layout ideal for first-time buyers, roommates, guests, or those looking for a dedicated home office. The lower level also includes convenient in-unit laundry, a utility room, and additional storage space. Set on a quiet street with a park right in the centre of the community, this move-in-ready home combines comfortable living with a welcoming neighbourhood setting. An excellent opportunity for first-time buyers, downsizers, or investors looking for a low-maintenance property with a versatile floor plan and great outdoor space. One parking spot included, with tons of visitors parking available.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$311,920
Land Transfer Taxes$4,324
Legal Fees (Est.)
$
Total cash required for closing$83,804

Total Monthly Obligation

$2,448/mo
Mortgage $1,573
Monthly Loss $2,035
Principal$414
Interest$1,159
Property Tax$250
Condo Fees$426
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%2
5-Year IRR
10.6%39
10-Year IRR
11.2%
Returns Index
20.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$26,400/yr
NOI
$13,251/yr
Net Cash Flow
-$468/mo
Cash Margin
-21.3%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
31.9/ 100

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

Comparables

Properties near 562 Lakeridge Drive 8

Time

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