35924B Corbett Road, North Middlesex

$699,000
35924B Corbett Road

$699,000

Extension
904d
DetachedBungalow

35924B Corbett Road, North Middlesex

Total Monthly Obligation $3,195

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
904d
Score
18
Yield
3.9%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-X8300568
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-84 × 128.3 ft
Listed on site-May 2, 2024
Style-Bungalow
Building Type-Detached
Parking-4 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Stone, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete, Slab
Sewer-Septic
Possession-Must be built
Neighbourhood-Rural North Middlesex
Title-Residential Freehold

No agent assigned

Discover the perfect balance of country charm and coastal convenience with this brand-new build located in the peaceful hamlet of Corbett, just 10 minutes from Grand Bend beach and spectacular sunsets, and an easy 40-minute commute to London. This thoughtfully designed home offers some flexibility in the layout, allowing adjustments to the plan if the building is not yet in progress. This home maximized convenience with three generous bedrooms, along with a mudroom and a utility/laundry room ensure plenty of room for guests, family, and additional storage. Spend your days embracing the tranquility of rural living, while enjoying quick access to GrandBend's vibrant amenities, Bayfield's boutique shops and unique dining options, and the natural beauty of the surrounding countryside. Whether you're seeking a quiet retreat or a modern rural residence, Corbett delivers the ideal setting for your next chapter.

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

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,195/mo
Mortgage $2,820
Monthly Loss $2,453
Principal$742
Interest$2,078
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.3%25
10-Year IRR
9.2%
Returns Index
13.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$27,300/yr
NOI
$20,070/yr
Net Cash Flow
-$1,147/mo
Cash Margin
-50.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
25.1/ 100

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

Comparables

Properties near 35924B Corbett Road

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.

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Data last updated within the past 24 hours.