118 Mike Hart Drive, Essa

$829,900
118 Mike Hart Drive

$829,900

New
7d
Detached2-Storey

118 Mike Hart Drive, Essa

Total Monthly Obligation $3,991

Beds
3
Baths
3
Park
2
Sqft
2000-2500
DOM
7d
Score
17
Yield
4.0%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.1%
Property Type-Detached
MLS® Number-N14090228
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-39.37 × 109.91 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,220 (2026)
Parking-4 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 B.J. ROTH REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Angus
Title-Residential Freehold

No agent assigned

Located in a highly desirable subdivision in Essa Township, this beautifully landscaped home offers 2,123 sq. ft. of above-grade living space plus even more finished space in the awesome layout of the lower level. Attractive curb appeal, low-maintenance flower beds and a fully fenced backyard oasis with hot tub and gazebo create a welcoming first impression. Inside, a bright, inviting foyer leads to a spacious, open kitchen with new quartz countertops and backsplash overlooking the living room and backyard. Stainless steel appliances and a walk-in pantry combine style with everyday convenience, while a 2-piece powder room completes the main floor. Upstairs, you'll find three bedrooms and a versatile office loft. The generous primary bedroom features a 5-piece ensuite and two separate walk-in closets. An additional 5-piece bathroom serves the other bedrooms. The well-equipped second-floor laundry room includes a front-load washer and dryer, laundry sink, hanging racks and a large linen closet. Inside entry from the double garage is a must have and by George I think it's got it!

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

Closing Costs

Mortgage Amount
$663,920
Land Transfer Taxes$13,073
Legal Fees (Est.)
$
Total cash required for closing$180,553

Total Monthly Obligation

$3,991/mo
Mortgage $3,348
Monthly Loss $3,110
Principal$881
Interest$2,467
Property Tax$268
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.8%22
10-Year IRR
8.8%
Returns Index
12.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$33,600/yr
NOI
$22,520/yr
Net Cash Flow
-$1,471/mo
Cash Margin
-52.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
20.9/ 100

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

Comparables

Properties near 118 Mike Hart 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.

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.