4 Balsam Trail, Norfolk

$499,900
4 Balsam Trail

$499,900

New
8d
DetachedBungalow

4 Balsam Trail, Norfolk

Total Monthly Obligation $2,709

Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
8d
Score
21
Yield
5.5%
Cash on Cash
-1.4%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X14093766
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-32.2 × 139.15 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$3,814.33 (2026)
Parking-3 - Attached
Basement-Finished, Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE ACTION REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Port Rowan
Title-Residential Freehold

No agent assigned

Picture slow mornings on your deck, coffee in hand, watching the fish in your own pond. Welcome to 4 Balsam Trail in the Villages of Long Point Bay, a bright 1,187 sq ft bungalow with easy one floor living. Luxury vinyl plank floors run through the whole home, so it is carpet free and simple to keep clean. The open kitchen and dining area has painted cabinets, new counter tops, a ceramic backsplash, and a new sink and taps. The living room has a cozy gas fireplace and surround windows that look over the backyard. Patio doors off the dining area lead to a large deck with sun cover and louvered privacy panels. Two raised garden boxes make gardening easy on the back. The primary bedroom has its own patio door to the deck, a walk in closet, and an updated ensuite with a new counter top. The front bedroom or den works well for guests, a craft room, or a home office. The full 4 piece bath and ensuite both have updated toilets. Laundry is on the main floor with a door right to the single car garage. Outside, the yard feels like a park with trees, perennial gardens, and a pond. Listen to the birds and the soft sounds of nature while the fish swim by. There are no backyard neighbours, and the afternoon sun sets right over the water feature. Big updates are done: new flooring since 2020, deck and concrete driveway in 2019, furnace and A/C in 2024, and a composite front porch in 2025. The double wide driveway fits two cars. The full unfinished basement is ready for your ideas. Move in, unpack, and start enjoying life by the water. For $60.50 a month, enjoy the clubhouse, pool, gym, billiards, walking paths, bocce, pickleball, and shuffleboard. Lake Erie and the sweet town of Port Rowan are only minutes away. Come see it and fall in love.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,709/mo
Mortgage $2,016
Monthly Loss $2,179
Principal$531
Interest$1,486
Property Tax$318
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.1%1
5-Year IRR
10.1%36
10-Year IRR
10.7%
Returns Index
19.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$27,600/yr
NOI
$16,526/yr
Net Cash Flow
-$639/mo
Cash Margin
-27.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo61
Risk Index
29.4/ 100

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

Comparables

Properties near 4 Balsam Trail

Time

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