374 Front Street 51, Central Elgin

$549,900
374 Front Street 51

$549,900

New
16d
Condo Townhouse2-Storey

374 Front Street 51, Central Elgin

Total Monthly Obligation $3,449

Beds
3
Baths
3
Park
2
Sqft
1400-1599
DOM
16d
Score
16
Yield
4.7%
Cash on Cash
-11.2%
Cap Rate
2.2%
5Y IRR
6.8%
10Y IRR
7.8%
Property Type-Condo Townhouse
MLS® Number-X13874490
Beds-3
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$4,326 (2026)
Maintenance-$670/mo
Locker-None
Parking-2 - Carport
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Possession-FLEXIBLE
Neighbourhood-Port Stanley
Title-Residential Condo & Other

No agent assigned

Big sky and water views? Got it! Maintenance free? Got it! Heated pool over looking the lake? Got it! 3 bedrooms and 3 bathrooms? Got it! Finished basement (perfect for movie nights)? Got it! If you've been looking for a beautifully updated home with iconic Port Stanley views, you've fount it. One of the nicest units in this well-managed condo complex is waiting for you. All you have to do, is move in and relax.

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

Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$3,449/mo
Mortgage $2,218
Monthly Loss $2,865
Principal$584
Interest$1,634
Property Tax$361
Condo Fees$670
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.5%10
Cash-on-Cash
-15.5%0
5-Year IRR
3.8%8
10-Year IRR
6.0%
Returns Index
5.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$25,680/yr
NOI
$8,346/yr
Net Cash Flow
-$1,523/mo
Cash Margin
-71.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.312
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
22.3/ 100

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

Comparables

Properties near 374 Front Street 51

Time

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Data last updated within the past 24 hours.