282 Gifford Drive, Douro-Dummer

$695,000
282 Gifford Drive

$695,000

New
16d
DetachedBungalow-Raised

282 Gifford Drive, Douro-Dummer

Total Monthly Obligation $3,410

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
16d
Score
22
Yield
5.6%
Cash on Cash
1.1%
Cap Rate
4.8%
5Y IRR
16.5%
10Y IRR
15.3%
Property Type-Detached
MLS® Number-X13872818
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-80 × 188.14 ft
Listed on site-Oct 7, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$2,783.7 (2026)
Parking-5 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-Coldwell Banker Electric Realty
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Brick
Sewer-Septic
Possession-Flexible
Neighbourhood-Douro-Dummer
Title-Residential Freehold

No agent assigned

Welcome to this lovely, move-in ready home set on an impressive, almost half-acre lot at the edge of the city. Offering the perfect blend of space, comfort and convenience, this property is ideal for anyone looking for a home where the major work has already been done. There is truly very little left to do! Thoughtfully updated with a new kitchen, renovated lower level, new septic system, new windows, new roof, updated bathroom and numerous additional improvements, this home is ready for you to simply move in and enjoy. The main level features three comfortable bedrooms, a welcoming living room and a fabulous updated kitchen with plenty of room for cooking, gathering and entertaining. The completely renovated lower level provides even more living space with a spacious family room and bathroom - perfect for family movie nights, guests, teenagers, a home office or simply relaxing. You can enter through the front door or pull directly into the built-in garage. Outside, the generous lot provides plenty of room for gardens, recreation, pets or just enjoying the privacy and space. The backyard features a stone patio, perfect for morning coffee, summer barbecues and entertaining, while a new rear fence adds privacy. And then there's the location! Take a leisurely stroll down to the canal and watch the boats go by, or head to the nearby golf course for a round beside the iconic Lift Lock. For those who love history and culture, the Canadian Canoe Museum is also just a short distance away, celebrating the area's rich connection to paddling and waterways. With its almost half-acre lot, extensive updates, finished lower level, built-in garage and fantastic location, this is a wonderful opportunity to own a home where the big-ticket work is already done. Come see it, fall in love with it, and start enjoying the lifestyle this home has to offer!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$556,000
Land Transfer Taxes$10,375
Legal Fees (Est.)
$
Total cash required for closing$150,875

Total Monthly Obligation

$3,410/mo
Mortgage $2,803
Monthly Loss $2,673
Principal$738
Interest$2,066
Property Tax$232
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.9%3
5-Year IRR
12.5%54
10-Year IRR
12.5%
Returns Index
28.2/ 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
$39,000/yr
NOI
$27,816/yr
Net Cash Flow
-$485/mo
Cash Margin
-14.9%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
26.6/ 100

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

Comparables

Properties near 282 Gifford Drive

Time

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