38 Market Street, Arran-Elderslie

$588,888
38 Market Street

$588,888

New
8d
Detached2 1/2 Storey

38 Market Street, Arran-Elderslie

Total Monthly Obligation $3,049

Beds
4
Baths
2
Park
4
Sqft
2000-2500
DOM
8d
Yield
4.3%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X14080928
Beds-4
Bathrooms-2
Size-2000-2500 sqft
Lot Size-114.92 × 102.59 ft
Listed on site-Oct 15, 2026
Style-2 1/2 Storey
Building Type-Detached
Taxes-$3,582 (2025)
Parking-4 - None
Basement-Development Potential
Heating-Forced Air (Gas)
Brokerage-RE/MAX CENTRE CITY REALTY INC
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-Arran-Elderslie
Title-Residential Freehold

No agent assigned

Positioned just minutes from the coastal communities of Port Elgin, Southampton, and Kincardine, this moderized all brick classic blend offers a quiet retreat steeped in gorgeous architectural character. This traditional two-and-a-half-story Edwardian home is grounded by a rusticated stone foundation and a solid red brick exterior. The cross-gable roofline and deep, overhanging eaves frame a covered front porch designed for quiet mornings and evening relaxation. Inside, the home balances historic integrity with everyday functionality. Original solid wood doors and exceptionally large bedrooms preserve the property's early 20th-century charm, while a prominent main-floor picture window draws in abundant natural light. A highly desirable separate basement entry introduces significant versatility to the floor plan, providing immediate potential for an in-law suite, home office, or dedicated utility access. Experience the craftsmanship of a bygone era paired with the everyday convenience of living at the gateway to Bruce County's best amenities. Owned water heater, recent furnace, recent roof, 2008 Electrical Upgrade and Windows have all be replaced, Appliances 2025, Attic contains materials for finishing, seller *MAY* be willing to include. Basement Side Entrance is a major Plus!

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Closing Costs

Mortgage Amount
$471,110
Land Transfer Taxes$8,253
Legal Fees (Est.)
$
Total cash required for closing$127,531

Total Monthly Obligation

$3,049/mo
Mortgage $2,375
Monthly Loss $2,424
Principal$625
Interest$1,750
Property Tax$299
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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

Comparables

Properties near 38 Market Street

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