33 Rice Drive, King

$999,900
33 Rice Drive

$999,900

New
18d
Detached1 1/2 Storey

33 Rice Drive, King

Total Monthly Obligation $4,868

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
18d
Score
15
Yield
2.6%
Cash on Cash
-12.7%
Cap Rate
1.9%
5Y IRR
5.7%
10Y IRR
7.0%
Property Type-Detached
MLS® Number-N13860634
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-83.64 × 189 ft
Listed on site-Oct 5, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$5,512 (2026)
Parking-4 - Attached
Basement-Unfinished
Heating-Baseboard (Electric)
Brokerage-FOREST HILL REAL ESTATE INC.
Cooling-None
Laundry-No
Fireplace-No
Pool-Inground
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Schomberg
Title-Residential Freehold

No agent assigned

Welcome to 33 Rice Road-an incredible opportunity in one of King Township's most charming and tightly knit communities. Set on a rare, nearly half-acre pie-shaped lot , this property delivers the ultimate backyard oasis complete with a private in-ground pool, endless green space, and unmatched privacy. Inside, this spacious 3-bedroom family home offers a fantastic, functional layout filled with natural light and great bones. While the home features classic character, its ready for your personal cosmetic updates and modern touches, its generous room sizes and solid foundation provide the ultimate canvas to create your dream custom estate. Located in a quiet, highly desirable neighborhood, you are just a short stroll from the local shops, cafes, and historic charm of Main Street, as well as top-tier parks, local arenas, and schools. Commuters will love the quick access to Highway 27 and-hwy 400, making trips into the GTA a breeze while coming home to a peaceful country-feel setting. Whether you are looking to renovate, redesign, or build equity in a prime Schomberg location with an exceptional lot size, properties with this much outdoor potential rarely come along. Don't miss your chance to bring your vision to life!

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Closing Costs

Mortgage Amount
$799,920
Land Transfer Taxes$16,473
Legal Fees (Est.)
$
Total cash required for closing$217,953

Total Monthly Obligation

$4,868/mo
Mortgage $4,033
Monthly Loss $3,806
Principal$1,061
Interest$2,972
Property Tax$459
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-16.1%0
5-Year IRR
3.0%6
10-Year IRR
5.2%
Returns Index
4.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$26,400/yr
NOI
$13,748/yr
Net Cash Flow
-$2,888/mo
Cash Margin
-131.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.282
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
17.2/ 100

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

Comparables

Properties near 33 Rice Drive

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.

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Data last updated within the past 24 hours.