205 Merritt Court, North Middlesex

$649,292
205 Merritt Court

$649,292

New
16d
Detached2-Storey

205 Merritt Court, North Middlesex

Total Monthly Obligation $2,994

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
16d
Score
24
Yield
5.9%
Cash on Cash
4.3%
Cap Rate
5.5%
5Y IRR
19.0%
10Y IRR
17.4%
Property Type-Detached
MLS® Number-X13872736
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-53.18 ft (front)
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Parking-6 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-LPT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-90 days
Neighbourhood-Parkhill
Title-Residential Freehold

No agent assigned

Look no further than the Xpo model in Merritt Estates-an inviting family home tucked on a quiet court backing onto a beautiful conservation area. This thoughtfully designed two-storey offers 1,606 sq. ft. of bright, modern living space with a functional layout ideal for today's lifestyle. Step into a welcoming foyer with soaring second-storey ceilings and continue into the open-concept main floor. The kitchen features a spacious island with a built-in sink, perfect for meal prep and gathering, while large rear windows and a sliding door flood the living space with natural light and showcase peaceful greenspace views. A convenient mudroom off the double-car garage includes laundry and a powder room, keeping everyday living organized. The basement offers the option for a separate entrance, providing excellent potential for a future granny suite or multi-generational living. Upstairs, you'll find three comfortable bedrooms and two full bathrooms. The primary suite features a walk-in closet and private ensuite with double sinks and a walk-in shower.XO Homes is a custom builder offering flexibility, personalization, and a selection of lots within Merritt Estates, making it easy to create a home that truly fits your lifestyle. PRICE REFLECTS HST REBATE. Enjoy easy access to Grand Bend, London, and Highway 402, while Parkhill's schools, restaurants, shopping, grocery store, recreation facilities, tennis courts, baseball diamonds, hockey arena, and Parkhill Dam are all close by. Luxury, lifestyle, and opportunity come together at Merritt Estates. Take advantage of the $40,000 promotional discount and make this exceptional home yours before this limited-time offer expires!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$533,978($14,544 CMHC)
Land Transfer Taxes$9,461
Legal Fees (Est.)
$
Total cash required for closing$140,819

Total Monthly Obligation

$3,067/mo
Mortgage $2,692
Monthly Loss $2,359
Principal$709
Interest$1,984
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.6%34
Cash-on-Cash
-1.6%5
5-Year IRR
13.2%59
10-Year IRR
13.7%
Returns Index
32.3/ 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
$38,400/yr
NOI
$30,060/yr
Net Cash Flow
-$187/mo
Cash Margin
-5.9%2
Cash Flow Index
1.5/ 100
Risk Profile
Weight: 20%
DSCR
0.9322
LTV Ratio
82.2%14
Vacancy Buffer
3.1 mo52
Risk Index
29.2/ 100

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

Comparables

Properties near 205 Merritt Court

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.