358 Warren Street, Central Elgin

$349,900
358 Warren Street

$349,900

New
2d
Detached1 1/2 Storey

358 Warren Street, Central Elgin

Total Monthly Obligation $2,047

Beds
3
Baths
1
Park
3
Sqft
1100-1500
DOM
2d
Score
49
Yield
9.2%
Cash on Cash
13.9%
Cap Rate
7.6%
5Y IRR
26.9%
10Y IRR
24.2%
Property Type-Detached
MLS® Number-X14103406
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-140.88 × 94.67 ft
Listed on site-Oct 21, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$3,131 (2025)
Parking-4 - Detached
Basement-Partial Basement
Heating-Forced Air (Gas)
Brokerage-RE/MAX CENTRE CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-Port Stanley
Title-Residential Freehold

No agent assigned

Discover the charm and potential of this 1 1/2 storey home nestled on a sunny corner lot in the sought-after lakeside community of Port Stanley. Full of character and opportunity, this property offers a functional layout with room to personalize and make it your own. The main floor features a practical kitchen, a nearby 4-piece bathroom, and a cozy dining area that flows into the inviting living room, perfect for everyday living and entertaining. The primary bedroom is conveniently located on the main level, along with a dedicated laundry room and additional storage space. A separate entrance and foyer off the living room provide added flexibility. Upstairs, two additional bedrooms offer space for family, overnight guests, or a home office. Outside, enjoy a generous yard with room for gardening, outdoor entertaining, or simply relaxing in the fresh air. With its desirable corner lot, versatile layout, and potential to add your own touches, this home is an excellent opportunity for those seeking a full-time residence, a weekend getaway, or an investment in a welcoming lakeside community. Enjoy being just minutes from Port Stanley's beautiful beach, boutique shops, local restaurants, and vibrant village atmosphere. Don't miss your opportunity to explore the possibilities! Lot Size: 140.82 ft x 115.41 ft x 68.05 ft x 4.41 ft x 46.71 ft x 94.67 ft

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

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,047/mo
Mortgage $1,411
Monthly Loss $1,676
Principal$371
Interest$1,040
Property Tax$261
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
6.1%51
Cash-on-Cash
5.7%26
5-Year IRR
20.5%93
10-Year IRR
19.2%
Returns Index
57.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
49/ 100
Poor•Caution

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,100/yr
NOI
$21,259/yr
Net Cash Flow
$360/mo
Cash Margin
13.5%42
Cash Flow Index
42.4/ 100
Risk Profile
Weight: 20%
DSCR
1.2651
LTV Ratio
80.0%18
Vacancy Buffer
4.6 mo78
Risk Index
48.9/ 100

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

Comparables

Properties near 358 Warren Street

Time

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