1440 Heron Road 309, Hunt Club - South Keys and Area

$199,000
1440 Heron Road 309

$199,000

New
2d
Condo ApartmentApartment

1440 Heron Road 309, Hunt Club - South Keys and Area

Total Monthly Obligation $1,945

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
2d
Score
29
Yield
12.7%
Cash on Cash
8.1%
Cap Rate
6.3%
5Y IRR
22.1%
10Y IRR
20.0%
Property Type-Condo Apartment
MLS® Number-X14102938
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,244.88 (2026)
Maintenance-$754.76/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-3802 - Heron Gate
Title-Residential Condo & Other

No agent assigned

Amazing opportunity for first time buyers, young professionals, and investors! Centrally located on Heron Rd just off Bank Street, this bright and spacious 2 bed, 2 bath condo offers the perfect combination of comfort and convenience. The functional open concept floor plan creates an inviting sun filled living and dining area from the large windows and south-facing balcony, great for relaxing or entertaining. Two well sized bedrooms, with the primary featuring a walk-in closet and ensuite bathroom. Complete with fresh paint throughout, owned hot water tank, in unit washer/dryer and underground parking, there is nothing left to do but move in! This building offers plenty of amenities to enjoy, all located close to parks, transit, shops and everything you could need to make day to day a breeze.

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

Closing Costs

Mortgage Amount
$159,200
Land Transfer Taxes$1,715
Legal Fees (Est.)
$
Total cash required for closing$43,015

Total Monthly Obligation

$1,945/mo
Mortgage $803
Monthly Loss $1,733
Principal$211
Interest$591
Property Tax$187
Condo Fees$755
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.4%5
5-Year IRR
15.4%74
10-Year IRR
15.6%
Returns Index
38.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
29/ 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
$25,248/yr
NOI
$9,021/yr
Net Cash Flow
-$51/mo
Cash Margin
-2.4%3
Cash Flow Index
3.0/ 100
Risk Profile
Weight: 20%
DSCR
0.9422
LTV Ratio
80.0%18
Vacancy Buffer
4.9 mo82
Risk Index
40.7/ 100

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

Comparables

Properties near 1440 Heron Road 309

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.