23 King Street E, Havelock-Belmont-Methuen

$449,900
23 King Street E

$449,900

New
16d
Detached2-Storey

23 King Street E, Havelock-Belmont-Methuen

Total Monthly Obligation $2,423

Beds
4
Baths
2
Park
6
Sqft
1500-2000
DOM
16d
Score
24
Yield
6.1%
Cash on Cash
1.9%
Cap Rate
5.0%
5Y IRR
17.1%
10Y IRR
15.9%
Property Type-Detached
MLS® Number-X13871922
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-0.739 Acres
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,802 (2025)
Parking-6 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK EASTERN REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Inground
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Stone, Concrete
Sewer-Sewer
Possession-or later to accommodate easement/ROW
Neighbourhood-Havelock
Title-Residential Freehold

No agent assigned

| HAVELOCK | Picture slow mornings on the charming front porch, summer afternoons by the pool, and a home with room for your family to grow. Set on a quiet street on nearly of an acre, this cherished two-storey century home offers generous space, timeless character, and the opportunity to make it your own. With four bedrooms and two bathrooms, there's room for busy family life, overnight guests, or a dedicated home office. A rear mudroom addition with main-floor laundry provides a practical landing spot for backpacks, boots, and everything that comes through the door. Outside, the spacious lot invites backyard games, gardening, and family gatherings, while the inground pool and spacious poolside pavilion set the scene for memorable summers. Backing onto Mathison Conservation Area, the property enjoys a natural backdrop with the convenience of in-town living. The elementary school, township arena, park, and splash pad are all close by, making it easy to enjoy the community around you. Bring your ideas and personal touches to this well-loved home, and imagine the next chapter unfolding here.

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

Closing Costs

Mortgage Amount
$359,920
Land Transfer Taxes$5,473
Legal Fees (Est.)
$
Total cash required for closing$96,953

Total Monthly Obligation

$2,423/mo
Mortgage $1,815
Monthly Loss $1,946
Principal$478
Interest$1,337
Property Tax$234
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.4%3
5-Year IRR
12.2%52
10-Year IRR
12.4%
Returns Index
26.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$27,600/yr
NOI
$17,538/yr
Net Cash Flow
-$353/mo
Cash Margin
-15.4%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8114
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo68
Risk Index
33.5/ 100

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

Comparables

Properties near 23 King Street E

Time

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