499 Gilles Street, Clarence-Rockland

$490,000
499 Gilles Street

$490,000

New
15d
DetachedBungalow

499 Gilles Street, Clarence-Rockland

Total Monthly Obligation $2,650

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
15d
Score
24
Yield
6.4%
Cash on Cash
2.6%
Cap Rate
5.1%
5Y IRR
17.6%
10Y IRR
16.3%
Property Type-Detached
MLS® Number-X13876628
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-63 × 95 ft
Listed on site-Oct 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,580 (2026)
Parking-4 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-EXIT REALTY MATRIX
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-606 - Town of Rockland
Title-Residential Freehold

No agent assigned

****OPEN HOUSE SATURDAY OCTOBER 24TH 10AM-12PM. Welcome to 499 Gilles Street in Rockland! This detached bungalow offers a functional and inviting main-floor layout featuring three bedrooms, a fully renovated bathroom, comfortable living space, and a practical mudroom that adds everyday convenience. The finished basement provides additional living space, including a spacious family room and a second fully renovated bathroom, offering flexibility for a home office, recreation area, or entertaining guests. The home is equipped with natural gas forced-air heating, central air conditioning, and municipal water and sewer services. Outside, enjoy an impressive front walkway and a spacious rear concrete pad, perfect for outdoor entertaining, summer gatherings, or simply relaxing. The paved driveway also features an extended parking area with a substantial stone base, providing excellent additional space for campers, RVs, trailers, or recreational vehicles. Located in an established, family-friendly neighborhood, this property is conveniently situated near schools, parks, family restaurants, shopping, fitness facilities, and numerous everyday amenities, with easy access to Laurier Street. Combining practical bungalow living, beautifully renovated bathrooms, versatile indoor spaces, and exceptional outdoor features, this home offers comfort, convenience, and flexibility in the heart of Rockland!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$392,000
Land Transfer Taxes$6,275
Legal Fees (Est.)
$
Total cash required for closing$105,775

Total Monthly Obligation

$2,650/mo
Mortgage $1,977
Monthly Loss $2,130
Principal$520
Interest$1,456
Property Tax$298
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.5%3
5-Year IRR
12.9%57
10-Year IRR
12.9%
Returns Index
29.5/ 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
$31,188/yr
NOI
$19,989/yr
Net Cash Flow
-$311/mo
Cash Margin
-12.0%0
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
32.1/ 100

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

Comparables

Properties near 499 Gilles Street

Time

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