50 Leeson Street S, East Luther Grand Valley

$824,900
50 Leeson Street S

$824,900

New
14d
Detached2-Storey

50 Leeson Street S, East Luther Grand Valley

Total Monthly Obligation $4,308

Beds
4
Baths
3
Park
8
Sqft
2500-3000
DOM
14d
Score
17
Yield
4.4%
Cash on Cash
-6.2%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-X13883554
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-70.71 × 164.17 ft
Listed on site-Oct 9, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,266.58 (2026)
Parking-10 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 MILLENNIUM INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete, Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Grand Valley
Title-Residential Freehold

No agent assigned

Why choose between character and modern updates when you can have both? This is the kind of property that proves you don't have to buy newer to get the space, comfort and updates you're looking for. Offering just under 3,000 sq. ft., this one-of-a-kind home has been thoughtfully and intentionally renovated from top to bottom, bringing modern comfort and finishes while still maintaining a personality all its own. No cookie-cutter elements here! The hard work has already been done here, including windows, doors, bathrooms, kitchen, mechanical and electrical, while unique features like two staircases, high ceilings, large windows and an unexpected layout give this home a character you simply don't find every day. The interior layout offers the best of both worlds, with open-concept elements for gathering alongside defined spaces that give everyone room to spread out. At the front of the home, the primary bedroom with 3-piece ensuite, office and living room can be separated from the main living space by a door and features its own entrance and front porch. It's a unique and flexible design with possibilities for multigenerational living, a home office or professional practice, a private retreat and more! Add plenty of parking and a large detached two-car garage, and the advantages over a typical newer build subdivision lot become even clearer. Here, you don't have to choose between a beautifully updated spacious interior and the things that take decades to create: mature trees, established gardens, a generous yard and a home with a layout and personality all its own. Everything you want from a newer build, plus so much of what a newer build simply can't give you! Set in the charming small town of Grand Valley, you're surrounded by nature, trails and the winding Grand River, while the historic downtown, quaint restaurants and local shops are just steps from your door. Modern updates, room to breathe and small-town living, all wrapped into one truly unique property.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$659,920
Land Transfer Taxes$12,973
Legal Fees (Est.)
$
Total cash required for closing$179,453

Total Monthly Obligation

$4,308/mo
Mortgage $3,327
Monthly Loss $3,432
Principal$876
Interest$2,452
Property Tax$606
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.3%20
10-Year IRR
8.6%
Returns Index
11.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$36,600/yr
NOI
$21,173/yr
Net Cash Flow
-$1,563/mo
Cash Margin
-51.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.6/ 100

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

Comparables

Properties near 50 Leeson Street S

Time

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Data last updated within the past 24 hours.