197 Main Street, Melancthon

$564,900
197 Main Street

$564,900

New
4d
Detached1 1/2 Storey

197 Main Street, Melancthon

Total Monthly Obligation $2,845

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
4d
Yield
5.0%
Cash on Cash
-1.8%
Cap Rate
4.2%
5Y IRR
14.1%
10Y IRR
13.4%
Property Type-Detached
MLS® Number-X14095592
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-65.98 × 164.99 ft
Listed on site-Oct 19, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$2,300 (2026)
Parking-2 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK CHAY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Wood
Roof-Metal
Foundation-Block
Sewer-Septic
Possession-TBA
Neighbourhood-Rural Melancthon
Title-Residential Freehold

No agent assigned

Tucked away in the charming hamlet of Hornings Mills, a truly wonderful little community known for its amazing neighbours and welcoming atmosphere, this lovely home sits on a beautiful lot with picturesque views to the east. Offering incredible value at its price point, this is an opportunity to enjoy comfortable country living in a community you'll love to call home. Step inside and discover a home that is exceptionally clean, well cared for, and thoughtfully laid out with inviting open-concept living. The eat-in kitchen is the perfect gathering place, offering plenty of counter space for meal prep, room to entertain, and a cozy woodstove to keep things warm and welcoming on those chilly evenings.Out back, enjoy a great deck overlooking the expansive views and a spacious backyard with plenty of room to relax, entertain, garden, or simply soak up the peaceful surroundings. Adding even more value is the impressive 160 sq. ft. premium shed, perfect for storing all the extras, hobbies, tools, and outdoor essentials.With a metal roof, furnace and air conditioning approximately 5 years old, an owned hot water heater, fibre-optic internet, and a basement offering fantastic additional storage, this home combines comfort, practicality, and affordability in one appealing package.If you're looking for a well-maintained home, a beautiful setting, and the charm of small-community living, this Hornings Mills gem is one you won't want to miss!

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Closing Costs

Mortgage Amount
$451,920
Land Transfer Taxes$7,773
Legal Fees (Est.)
$
Total cash required for closing$122,253

Total Monthly Obligation

$2,845/mo
Mortgage $2,279
Monthly Loss $2,246
Principal$600
Interest$1,679
Property Tax$192
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 197 Main Street

Time

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