31 Covington Crescent, Belleville

$690,000
31 Covington Crescent

$690,000

New
16d
DetachedBungalow

31 Covington Crescent, Belleville

Total Monthly Obligation $3,649

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
16d
Score
19
Yield
5.1%
Cash on Cash
-3.4%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Detached
MLS® Number-X13877266
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-50 × 115.38 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Age-New
Taxes-$5,888.02 (2025)
Parking-4 - Attached
Basement-Other, Unfinished
Heating-Forced Air (Gas)
Brokerage-REALTRIUM REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Concrete
Roof-Unknown
Foundation-Concrete
Sewer-Sewer
Possession-TDB
Neighbourhood-Thurlow Ward
Title-Residential Freehold

No agent assigned

Welcome to this stunning home filled with abundant natural light throughout and ideally situated in the sought-after Settlers Ridge community. The backyard offers a peaceful and private setting overlooking mature trees, creating the perfect space to relax and enjoy the outdoors.This popular extended Queensboro model from the renowned Marten Homes Collection offers a thoughtfully designed layout with impressive features throughout. Enjoy 10-foot ceilings on the main floor, oversized basement windows that bring in plenty of natural light, and an elegant coffered ceiling in the primary bedroom.The spacious backyard is enhanced by a long covered porch, providing a comfortable outdoor living area that's perfect for morning coffee, entertaining, or simply enjoying the tranquil surroundings.Conveniently located just minutes from Highway 401, shopping, parks, the waterfront, restaurants, and everyday amenities, this home offers the perfect combination of style, privacy, comfort, and convenience.A wonderful opportunity to live in a beautiful home within a vibrant and growing community!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$552,000
Land Transfer Taxes$10,275
Legal Fees (Est.)
$
Total cash required for closing$149,775

Total Monthly Obligation

$3,649/mo
Mortgage $2,783
Monthly Loss $2,917
Principal$732
Interest$2,051
Property Tax$491
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.2%30
10-Year IRR
10.0%
Returns Index
16.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$35,040/yr
NOI
$21,148/yr
Net Cash Flow
-$1,021/mo
Cash Margin
-35.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
22.9/ 100

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

Comparables

Properties near 31 Covington Crescent

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.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.