3 Church Boulevard, Erin

$599,900
3 Church Boulevard

$599,900

New
4d
DetachedBungalow

3 Church Boulevard, Erin

Total Monthly Obligation $3,055

HausQ Valuation Report
Beds
2
Baths
2
Park
4
Sqft
700-1100
DOM
4d
Score
18
Yield
4.5%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-X14095584
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-70.19 × 158.12 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,123 (2026)
Parking-4 - None
Basement-Partial Basement, Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE MEADOWTOWNE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Septic
Possession-Flexible
Neighbourhood-Erin
Title-Residential Freehold

No agent assigned

This fully renovated 2-bedroom, 2-bathroom home has mixed-use zoning and can easily be converted back to a duplex or modified for a variety of commercial uses! It sits on a huge 0.25-acre lot right in the heart of downtown Erin and is steps from everything Erin has to offer. It has new floors throughout, natural wooden beams and pot lights. The renovated kitchen has tons of cupboard space, under-cabinet lighting, and a large dining space. The primary bedroom has a separate dressing room/closet, there is a main 4-pc bathroom, plus the second bedroom has its own 4-pc bathroom and direct access to a private deck. There is also direct access off the kitchen to the backyard and a second private deck. The backyard has endless potential and currently offers ample green space, a large shed, as well as a firepit. Mixed use zoning allows for so many possibilities for this property. This home was previously 2 units and all mechanicals are still in place to convert back to that. This home is a wonderful starter home or investment. Roof 2023, Driveway 2022, Furnace/AC 2021, Kitchen Appliances 2020, Washer/Dryer 2026

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,055/mo
Mortgage $2,420
Monthly Loss $2,418
Principal$637
Interest$1,783
Property Tax$260
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.2%24
10-Year IRR
9.2%
Returns Index
13.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$27,120/yr
NOI
$16,785/yr
Net Cash Flow
-$1,021/mo
Cash Margin
-45.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
25.9/ 100

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

Comparables

Properties near 3 Church Boulevard

Time

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Data last updated within the past 24 hours.