2 David Drive, St. Thomas

$525,000
2 David Drive

$525,000

New
2d
DetachedBungalow

2 David Drive, St. Thomas

Total Monthly Obligation $2,773

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
2d
Score
24
Yield
6.2%
Cash on Cash
2.3%
Cap Rate
5.1%
5Y IRR
17.4%
10Y IRR
16.1%
Property Type-Detached
MLS® Number-X14101238
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-67.32 × 110.7 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,358 (2025)
Parking-3 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE HOUSE LTD.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Inground
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

Location, Location Location. Welcome to 2 David Drive, this lovely 3 bedroom bungalow is located on a quiet street, walking distance to Mitchell Hepburn Public School, St. Joseph's High School, Doug Tarry Sports Complex, Hospital, Shopping and much more. Beautiful curb appeal, parking for 4 and a fully fenced yard. Walk in the front door to a stunning living room (Gas Fireplace), galley kitchen and large dining room. Also on the main floor are 3 nice sized bedrooms and a four piece bathroom. The lower level features a huge recreation room, other room which could be a den or office, 4 piece bathroom, laundry room and tons of storage space. The backyard is simply an oasis. heated inground pool and large deck with a gazebo for entertaining.

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

Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$2,773/mo
Mortgage $2,118
Monthly Loss $2,215
Principal$557
Interest$1,560
Property Tax$280
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.5%3
5-Year IRR
12.9%57
10-Year IRR
12.9%
Returns Index
29.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$32,532/yr
NOI
$21,421/yr
Net Cash Flow
-$333/mo
Cash Margin
-12.3%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo59
Risk Index
31.1/ 100

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

Comparables

Properties near 2 David Drive

Time

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Data last updated within the past 24 hours.