224 Renaissance Drive, St. Thomas

$493,900
224 Renaissance Drive

$493,900

New
9d
Att/Row/Townhouse2-Storey

224 Renaissance Drive, St. Thomas

Total Monthly Obligation $2,674

Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
9d
Score
22
Yield
6.0%
Cash on Cash
0.8%
Cap Rate
4.8%
5Y IRR
16.2%
10Y IRR
15.1%
Property Type-Att/Row/Townhouse
MLS® Number-X14034682
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-21 × 116 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-0-5
Taxes-$3,685.62 (2025)
Parking-2 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX TWIN CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

Welcome to 224 Renaissance Drive in the City of St. Thomas! This beautifully maintained, better-than-new Hayhoe-built townhome offers 3 spacious bedrooms, 3 bathrooms, and a bright, open-concept design that is move-in ready for you and your family. For added peace of mind, the home remains covered under the balance of the Tarion New Home Warranty. The thoughtfully designed main floor features distinct living, dining, and kitchen areas, creating a functional space for everyday living and entertaining. The spacious kitchen is equipped with stainless steel appliances, quartz countertops, ample cabinetry, and a large breakfast island. Step outside to enjoy the patio overlooking the beautiful, fully fenced backyard, complete with a new pressure-treated privacy fence. Upstairs, the impressive primary bedroom features a walk-in closet and private ensuite with a shower, complemented by two additional generously sized bedrooms and convenient second-floor laundry. The full basement is already framed and ready to be finished, offering excellent potential for additional bedrooms, a recreation room, and a bathroom, with the rough-in already in place. Located in a quiet, family-friendly neighbourhood close to schools, parks, trails, grocery stores, restaurants, shopping, and other everyday amenities. Book your private viewing today!

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

Closing Costs

Mortgage Amount
$395,120
Land Transfer Taxes$6,353
Legal Fees (Est.)
$
Total cash required for closing$106,633

Total Monthly Obligation

$2,674/mo
Mortgage $1,992
Monthly Loss $2,150
Principal$524
Interest$1,468
Property Tax$307
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.2%2
5-Year IRR
11.6%47
10-Year IRR
11.9%
Returns Index
24.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$29,556/yr
NOI
$18,415/yr
Net Cash Flow
-$458/mo
Cash Margin
-18.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7713
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
30.8/ 100

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

Comparables

Properties near 224 Renaissance Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.