39 Howard Drive, Oro-Medonte

$929,000
39 Howard Drive

$929,000

New
22d
Detached2-Storey

39 Howard Drive, Oro-Medonte

Total Monthly Obligation $4,512

Beds
4
Baths
3
Park
6
Sqft
2000-2500
DOM
22d
Score
17
Yield
4.1%
Cash on Cash
-5.7%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-S13851164
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-112 × 173 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$4,674.93 (2026)
Parking-8 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural Oro-Medonte
Title-Residential Freehold

No agent assigned

NEARLY 2,700 SQ FT OF REFINED LIVING WITHIN WALKING DISTANCE OF LAKE SIMCOE! Set well back from the road on an expansive 112 x 173 ft lot in Oro Station's Harbourwood neighbourhood, this beautifully maintained home is surrounded by mature trees, landscaped gardens and a generous front yard, with a stone walkway leading to its classic brick-and-siding exterior. The traditional design is complemented by a 2-car attached garage and beautifully established landscaping. The carpet-free main level offers separate living and dining rooms, while the family room centres around a wood-burning fireplace that makes colder evenings especially inviting. Rich wood cabinetry, stainless steel appliances, a tiled backsplash and complementary countertops give the kitchen a timeless finish, with a breakfast bar for casual meals and an adjoining breakfast area that walks directly out to the back deck. Upstairs are four bedrooms, including a primary bedroom with a walk-in closet and 3-piece ensuite, while updated bathrooms throughout reflect the care that has gone into the home. The finished basement extends the living space with a rec room and bonus room that could easily serve as a home office or den. The fenced backyard is beautifully established, with a deck overlooking the lawn, mature gardens and a recently updated interlock patio, while a recently updated front patio adds another finished outdoor space. Lake Simcoe is within walking distance, Bayview Memorial Beach and Park is only minutes away, a public boat launch is nearby, and Barrie and Orillia are each approximately 15 minutes from home.

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

Closing Costs

Mortgage Amount
$743,200
Land Transfer Taxes$15,055
Legal Fees (Est.)
$
Total cash required for closing$202,355

Total Monthly Obligation

$4,512/mo
Mortgage $3,747
Monthly Loss $3,526
Principal$986
Interest$2,761
Property Tax$390
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
7.9%23
10-Year IRR
8.9%
Returns Index
12.6/ 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
$38,448/yr
NOI
$25,428/yr
Net Cash Flow
-$1,628/mo
Cash Margin
-50.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
19.3/ 100

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

Comparables

Properties near 39 Howard Drive

Time

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