1008 Carden Lane, Orleans - Convent Glen and Area

$689,900
1008 Carden Lane

$689,900

New
15d
Detached2-Storey

1008 Carden Lane, Orleans - Convent Glen and Area

Total Monthly Obligation $3,602

Beds
3
Baths
3
Park
3
Sqft
1500-2000
DOM
15d
Score
20
Yield
5.4%
Cash on Cash
-1.8%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Detached
MLS® Number-X13884004
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-35.01 × 68.9 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,335.48 (2025)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-REMAX BOARDWALK REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-2012 - Chapel Hill South - Orleans Village
Title-Residential Freehold

No agent assigned

METICULOUS! An excellent opportunity to own a well-appointed home in Orléans! Discover exceptional value in this Caivan-built detached home, ideally situated in a desirable Orléans community. Offering 3 bedrooms, 3 bathrooms, and a functional layout throughout, this property is perfectly suited for families, first-time buyers, or those seeking additional living space. The main floor boasts a bright and welcoming atmosphere, enhanced by oversized windows and an open-concept design that connects the living, dining, and kitchen areas. The kitchen offers plenty of storage and preparation space, making it ideal for everyday use and entertaining. The second level features a spacious primary bedroom, two additional bedrooms, and a full bathroom. The finished lower level provides added flexibility for a recreation room, workspace, fitness area, or children's retreat, with the potential to install a fourth bathroom. Outside, enjoy a fully enclosed backyard with attractive interlock landscaping, creating a private outdoor setting with minimal upkeep. Additional features include front interlocking, a private driveway, and an attached single-car garage. Conveniently located near schools, parks, retail amenities, and public transit, this home offers a wonderful combination of comfort, practicality, and location.

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

Mortgage Amount
$551,920
Land Transfer Taxes$10,273
Legal Fees (Est.)
$
Total cash required for closing$149,753

Total Monthly Obligation

$3,602/mo
Mortgage $2,783
Monthly Loss $2,870
Principal$732
Interest$2,051
Property Tax$445
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%2
5-Year IRR
10.4%38
10-Year IRR
10.9%
Returns Index
20.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$36,960/yr
NOI
$23,429/yr
Net Cash Flow
-$830/mo
Cash Margin
-27.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
23.9/ 100

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

Comparables

Properties near 1008 Carden Lane

Time

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