242 FALSETTO Street, Orleans - Convent Glen and Area

$595,888
242 FALSETTO Street

$595,888

New
4d
Att/Row/Townhouse2-Storey

242 FALSETTO Street, Orleans - Convent Glen and Area

Total Monthly Obligation $3,127

Beds
3
Baths
4
Park
1
Sqft
1500-2000
DOM
4d
Score
21
Yield
5.7%
Cash on Cash
-0.0%
Cap Rate
4.6%
5Y IRR
15.5%
10Y IRR
14.6%
Property Type-Att/Row/Townhouse
MLS® Number-X14095858
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-25 ft (front)
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,184.41 (2025)
Parking-2 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-Ali Realty Group Inc.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-2013 - Mer Bleue/Bradley Estates/Anderson Park
Title-Residential Freehold

No agent assigned

A townhouse under $600,000? Your search stops here! Priced to sell at an incredible new price, 242 Falsetto Street is a standout opportunity in Caivan's recently established Rhythm community in Orleans. This beautiful modern FREEHOLD townhouse boasts a sleek brick and vinyl exterior, a single-car garage, and 2,004 square feet of brilliantly designed living space without any condo fees. Backed by a remaining Tarion warranty, this vacant and move-in ready home offers immediate occupancy-an ideal entry point for first-time buyers, or a fantastic turn - key addition to any investor's portfolio. The sunlit, open-concept main floor sets the stage for entertaining and everyday life, elevated by smooth 9-foot ceilings. It features beautiful hardwood floors and a striking modern kitchen outfitted with stainless steel appliances, quartz countertops, and a subway tile backsplash, all overlooking a remarkably spacious great room. The upper level is dedicated to comfort, offering three generous bedrooms including a bright primary suite equipped with a walk-in closet and a private ensuite bath. Downstairs, the fully finished lower level expands your living space even further, providing an ideal family recreation room alongside a very convenient bonus full bathroom. Perfectly situated just off Navan Road, this home blends modern style with ultimate convenience. You will live just steps from the Chapel Hill OC Park & Ride - offering great connectivity with the future O-Train East Extension and only a few minutes away from top-rated schools and the abundant shopping options along Innes Road. Don't miss out on this incredible value-book your showing today! *Open House: Satursday 1-3PM* See you there!

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

Closing Costs

Mortgage Amount
$476,710
Land Transfer Taxes$8,393
Legal Fees (Est.)
$
Total cash required for closing$129,071

Total Monthly Obligation

$3,127/mo
Mortgage $2,404
Monthly Loss $2,495
Principal$633
Interest$1,771
Property Tax$349
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.4%2
5-Year IRR
11.4%45
10-Year IRR
11.7%
Returns Index
23.8/ 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
$33,996/yr
NOI
$21,912/yr
Net Cash Flow
-$578/mo
Cash Margin
-20.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
27.3/ 100

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

Comparables

Properties near 242 FALSETTO Street

Time

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