59 French Street, Prince Edward County

$867,748
59 French Street

$867,748

New
16d
Detached2-Storey

59 French Street, Prince Edward County

Total Monthly Obligation $3,875

Beds
4
Baths
3
Park
2
Sqft
2000-2500
DOM
16d
Score
18
Yield
3.9%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-X13882762
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-15.23 × 39.63 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Age-New
Parking-4 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-Re/Max Quinte Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-6mo from offer
Neighbourhood-Hallowell Ward
Title-Residential Freehold

No agent assigned

Welcome to West Meadows Trailside, the newest phase of West Meadows by Port Picton Homes. With most homesites backing directly onto the Millennium Trail, Trailside offers the opportunity to build in a growing Picton community with trails, nature and the conveniences of town close by. The Sparrow is a generous 2,500 sq ft two-storey home offering 4 bedrooms, 2.5 bathrooms, a second-floor den/office and attached garage. The main floor is designed with plenty of room to gather, featuring an open kitchen with centre island and pantry overlooking the dining and living areas, plus a separate family room for additional living space. Main-floor laundry and a powder room add everyday convenience. Upstairs, all four bedrooms are thoughtfully grouped together, including a spacious primary suite with walk-in closet and private ensuite. Three additional bedrooms, a full bathroom and separate den/office provide flexibility for a growing family, guests or working from home. With 2,500 sq ft, multiple living areas and four bedrooms, the Sparrow offers plenty of room to grow, all within West Meadows Trailside and just minutes from Picton's Main Street and the Millennium Trail. [Ask for other floorplans available on this lot.]

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

Closing Costs

Mortgage Amount
$694,198
Land Transfer Taxes$13,830
Legal Fees (Est.)
$
Total cash required for closing$188,880

Total Monthly Obligation

$3,875/mo
Mortgage $3,500
Monthly Loss $2,954
Principal$921
Interest$2,579
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
8.6%27
10-Year IRR
9.4%
Returns Index
14.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$33,600/yr
NOI
$25,740/yr
Net Cash Flow
-$1,355/mo
Cash Margin
-48.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.8/ 100

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

Comparables

Properties near 59 French Street

Time

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