508 SUNLIT Circle, Orleans - Cumberland and Area

$789,000
508 SUNLIT Circle

$789,000

New
14d
Detached2-Storey

508 SUNLIT Circle, Orleans - Cumberland and Area

Total Monthly Obligation $4,000

Beds
3
Baths
4
Park
2
Sqft
1500-2000
DOM
14d
Score
18
Yield
4.7%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Detached
MLS® Number-X13884032
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-33.99 × 88.58 ft
Listed on site-Oct 9, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,305 (2026)
Parking-3 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-REMAX BOARDWALK REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-1119 - Notting Hill/Summerside
Title-Residential Freehold

No agent assigned

METICULOUS! Pride of ownership prevails in this stunning home! Welcome to 508 Sunlit Circle, an impeccably maintained Mattamy Fernhaven model featuring premium upgrades and exceptional attention to detail. 3 spacious bedrooms and 4 baths offers an excellent living space family home. This 2 storey defines luxury and privacy in the home. This model offers a fabulous layout and grace with sophisticated and elegant throughout. The bright, open-concept main floor showcases durable vinyl flooring, oversized windows, a tiled gas fireplace, and an gourmet kitchen (2021) with quartz countertops, high-end stainless steel appliances, glass tile backsplash, breakfast bar, and a spacious pantry featuring a cozy living room. The dining area opens out to a fully fenced, maintenance-free backyard with a composite deck (2022) and patio (2023), ideal for outdoor entertaining. Upstairs offers a spacious primary retreat with an upgraded walk-in closet and ensuite, two additional bedrooms with a Jack-and-Jill bathroom, and an upgraded second-floor laundry room. The professionally finished basement (2023) adds valuable living space with a family room, electric fireplace, versatile gym or home office, and full bathroom. Additional highlights include upgraded hardwood stairs, 50+ pot lights, renovated powder room, owned hot water tank, and an extended driveway with parking for two vehicles side by side. Ideally situated across from Summerside Public School and minutes to parks, recreation facilities, transit, shopping, and scenic walking trails. A sophisticated, move-in-ready home offering comfort, functionality, and outstanding value. Over 150k renovations in the last few years!

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

Closing Costs

Mortgage Amount
$631,200
Land Transfer Taxes$12,255
Legal Fees (Est.)
$
Total cash required for closing$171,555

Total Monthly Obligation

$4,000/mo
Mortgage $3,183
Monthly Loss $3,162
Principal$837
Interest$2,345
Property Tax$442
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
8.9%28
10-Year IRR
9.7%
Returns Index
15.4/ 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
$37,284/yr
NOI
$23,751/yr
Net Cash Flow
-$1,203/mo
Cash Margin
-38.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
21.4/ 100

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

Comparables

Properties near 508 SUNLIT Circle

Time

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