1960 Othello Avenue, Elmvale Acres and Area

$625,000
1960 Othello Avenue

$625,000

New
8d
DetachedBungalow

1960 Othello Avenue, Elmvale Acres and Area

Total Monthly Obligation $3,268

Beds
2
Baths
2
Park
3
Sqft
700-1100
DOM
8d
Score
22
Yield
5.9%
Cash on Cash
0.7%
Cap Rate
4.7%
5Y IRR
16.1%
10Y IRR
15.0%
Property Type-Detached
MLS® Number-X14090596
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-53 × 100.01 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,463 (2025)
Parking-3 - None
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-3703 - Elmvale Acres/Urbandale
Title-Residential Freehold

No agent assigned

Welcome to 1960 Othello Avenue, a fantastic opportunity in the sought-after and centrally-located community of Elmvale Acres. This well-maintained bungalow sits on a spacious 53' x 100' lot and offers over 1,000 sq. ft. of main floor living space with a functional and versatile layout. Originally designed as a 3-bedroom home, the floorplan, featuring hardwood throughout, provides flexibility for families, downsizers, or investors alike. A convenient side entrance opens the door to future potential for an in-law suite or legal secondary dwelling - an excellent opportunity for multigenerational living or added rental income. Recent updates add both style and peace of mind, including all windows and the patio door replaced in 2023, along with a thoughtfully and tastefully upgraded kitchen completed in 2025. Step outside and enjoy the private backyard-perfect for summer barbecues, outdoor dining, or simply unwinding in your own green space. Perfectly positioned directly across the street from the Elmvale Acres Shopping Centre, you'll enjoy immediate access to groceries, shops, dining, transit, and everyday essentials. Plus, you're just minutes from Train Yards shopping and a quick commute to downtown, making this location as convenient as it is connected. Whether you're looking to move in, renovate, or invest, this property offers exceptional value in a prime location.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$500,000
Land Transfer Taxes$8,975
Legal Fees (Est.)
$
Total cash required for closing$135,475

Total Monthly Obligation

$3,268/mo
Mortgage $2,521
Monthly Loss $2,605
Principal$663
Interest$1,858
Property Tax$372
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.7%2
5-Year IRR
12.0%50
10-Year IRR
12.2%
Returns Index
26.0/ 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
$36,600/yr
NOI
$23,977/yr
Net Cash Flow
-$523/mo
Cash Margin
-17.1%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
26.8/ 100

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

Comparables

Properties near 1960 Othello Avenue

Time

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