Lot 38 Ridgeline Drive, Alnwick/Haldimand

$849,999
Lot 38 Ridgeline Drive

$849,999

New
17d
DetachedBungalow

Lot 38 Ridgeline Drive, Alnwick/Haldimand

Total Monthly Obligation $3,804

Beds
2
Baths
2
Park
4
Sqft
1500-2000
DOM
17d
Score
18
Yield
4.0%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Detached
MLS® Number-X13870622
Beds-2
Bathrooms-2
Size-1500-2000 sqft
Lot Size-129.52 × 198.38 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Age-New
Parking-6 - Attached
Basement-Development Potential, Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal Lepage ProAlliance Realty
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-West
Exterior-Other
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-TBD
Neighbourhood-Grafton
Title-Residential Freehold

No agent assigned

Welcome to Grafton Heights, an exciting new hillside community in the charming hamlet of Grafton, Ontario. This beautifully designed new home offers approximately 1,677 sq. ft. of thoughtfully planned living space, with high-end finishes and the quality you expect from a newbuild, all set within an estate-style neighbourhood. The Wexford offers a spacious and inviting layout featuring 2 bedrooms, 2 bathrooms, a generous open-concept living area and a convenient attached 2-car garage. The unfinished basement provides excellent additional space for storage or future living areas, with options available to further personalize the home to suit your needs. Grafton Heights offers the opportunity to enjoy a quieter pace of life while remaining exceptionally well connected. The 401 is just minutes away, while the vibrant lakeside community of Cobourg is approximately a 10-minute drive, offering shopping, restaurants, the beach, healthcare and a wide range of amenities. Closer to home, Grafton has a wonderful small-community atmosphere, with local coffee shops, both Catholic and public elementary schools, and the renowned St. Anne's Spa. Surrounded by the natural beauty of Northumberland County, this is an ideal setting for those looking to enjoy the comfort and convenience of a new home without giving up the peace and character of a smaller community. A rare opportunity to build new in a growing hillside community.

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$679,999
Land Transfer Taxes$13,475
Legal Fees (Est.)
$
Total cash required for closing$184,975

Total Monthly Obligation

$3,804/mo
Mortgage $3,429
Monthly Loss $2,901
Principal$902
Interest$2,526
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.1%30
10-Year IRR
9.8%
Returns Index
16.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$34,200/yr
NOI
$26,280/yr
Net Cash Flow
-$1,239/mo
Cash Margin
-43.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
22.3/ 100

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

Comparables

Properties near Lot 38 Ridgeline 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.