7273 Mitch Owens Road, Leitrim

$874,900
7273 Mitch Owens Road

$874,900

New
9d
DetachedBungalow

7273 Mitch Owens Road, Leitrim

Total Monthly Obligation $4,339

Beds
3
Baths
3
Park
8
Sqft
1100-1500
DOM
9d
Score
65
Yield
8.9%
Cash on Cash
15.3%
Cap Rate
7.9%
5Y IRR
28.1%
10Y IRR
25.2%
Property Type-Detached
MLS® Number-X14031988
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-100 × 200 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,215.56 (2026)
Parking-12 - Attached
Basement-Full, Partially Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Septic
Possession-Flexible
Neighbourhood-2501 - Leitrim
Title-Residential Freehold

No agent assigned

Beautifully updated 3 bedroom, 3 bathroom home backing onto a forest and a 25' x 50' detached heated and insulated shop w/hoist. Located between Findlay Creek and Greely you are close to many amenities while still enjoying a peaceful country lifestyle. Loaded with updates, the main level features a formal living area with gas fireplace, stunning family room with vaulted ceilings and gas fireplace, full bathroom w/jacuzzi tub, 2 good sized bedrooms including a primary w/2 piece ensuite and laundry, dining area, and a beautiful kitchen w/quartz counter tops, island and stainless steel appliances. The lower level has plenty of options with a 3rd bedroom, full bathroom, large living space, storage areas, utility room, and another large finished space. Whether you need an in-law suite, teen retreat, man cave, gym area, games room or more, with this basement, you can have it all. Oversized single attached garage with inside access to the main level, as well as the lower level, bodes well for that in-law suite or potentially a secondary dwelling unit. If looking for a home based business(or you just need a massive shop), this one comes with a heated an insulated 25'x50'( approx.) detached garage complete with a hoist, a 10'x12' door, and a 12' x 12' door. Also included is a Honeywell 2200KW standby generator to power the whole property(2025). If being surrounded by nature is for you, then finish this stunning property off with large mature trees, backing onto a forest, beautiful wild life with a variety of birds, and great front and rear lawns and landscaping. Extensive list of updates available that includes a new furnace & A/C(2026), basement all finished w/exception of some ceilings(2025-26). Schedule B to accompany all offers. 24 hours irrevocable.

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

Closing Costs

Mortgage Amount
$699,920
Land Transfer Taxes$13,973
Legal Fees (Est.)
$
Total cash required for closing$190,453

Total Monthly Obligation

$4,339/mo
Mortgage $3,529
Monthly Loss $3,410
Principal$929
Interest$2,600
Property Tax$435
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
6.9%61
Cash-on-Cash
9.6%48
5-Year IRR
23.5%97
10-Year IRR
21.7%
Returns Index
70.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeB
65/ 100
Fair•Hold / Negotiate

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$78,000/yr
NOI
$60,484/yr
Net Cash Flow
$1,511/mo
Cash Margin
23.3%84
Cash Flow Index
83.9/ 100
Risk Profile
Weight: 20%
DSCR
1.4367
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo34
Risk Index
39.6/ 100

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

Comparables

Properties near 7273 Mitch Owens Road

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