24 Pierce Place, New Tecumseth

$1,429,000
24 Pierce Place

$1,429,000

New
22d
Detached2-Storey

24 Pierce Place, New Tecumseth

Total Monthly Obligation $6,692

Beds
4
Baths
4
Park
4
Sqft
3000-3500
DOM
22d
Score
14
Yield
2.9%
Cash on Cash
-10.9%
Cap Rate
2.2%
5Y IRR
7.1%
10Y IRR
8.0%
Property Type-Detached
MLS® Number-N13852320
Beds-4
Bathrooms-4
Size-3000-3500 sqft
Lot Size-49.7 × 99.7 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$6,631 (2025)
Parking-6 - Built-In
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX EXPERTS
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flex
Neighbourhood-Tottenham
Title-Residential Freehold

No agent assigned

Offered for the first time, 24 Pierce Place is a heavily upgraded 4-bedroom, 4-bathroom detached home in Tottenham with over 3,000 sq ft of living space and hardwood flooring throughout the main and upper levels. Large windows fill the main floor with natural light, creating a bright, open setting with plenty of space for entertaining. The living area features custom built-ins that add both function and character. The expanded kitchen anchors the main floor, finished with stone counters and a butler's pantry that adds valuable storage and prep space.The upper level offers 4 generously sized, hardwood-floored bedrooms, each with direct access to a bathroom, a layout well suited to growing families and visiting guests alike.Outside, the front, side and rear yards are fully landscaped, and the backyard features a custom built shed. The home backs onto a quiet park, offering a level of privacy that is rare in town. With no sidewalk, the driveway offers extra parking alongside the double car garage.

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

Closing Costs

Mortgage Amount
$1,143,200
Land Transfer Taxes$25,055
Legal Fees (Est.)
$
Total cash required for closing$312,355

Total Monthly Obligation

$6,692/mo
Mortgage $5,764
Monthly Loss $5,175
Principal$1,517
Interest$4,247
Property Tax$553
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.0%0
5-Year IRR
4.6%10
10-Year IRR
6.4%
Returns Index
6.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$41,484/yr
NOI
$26,205/yr
Net Cash Flow
-$3,580/mo
Cash Margin
-103.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
14.6/ 100

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

Comparables

Properties near 24 Pierce Place

Time

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