320 Cherry Street, Tay

$619,999
320 Cherry Street

$619,999

New
19d
DetachedBungalow

320 Cherry Street, Tay

Total Monthly Obligation $3,116

Beds
3
Baths
2
Park
3
Sqft
1500-2000
DOM
19d
Score
20
Yield
4.8%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-S13861150
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-62.8 × 162.33 ft
Listed on site-Oct 4, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,884.04 (2026)
Parking-4 - Detached
Basement-Unfinished, Crawl Space
Heating-Baseboard (Gas)
Brokerage-FARIS TEAM REAL ESTATE BROKERAGE
Cooling-Other
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Waubaushene
Title-Residential Freehold

No agent assigned

Top 5 Reasons You Will Love This Home: 1) Move in with confidence knowing the home was extensively rebuilt from the studs around 2010 and has continued to benefit from thoughtful improvements, including a resurfaced patio, repaired garage door, new shower stall, updated sump pump setup, and additional recent upgrades 2) Set on an impressive approximately 62'x162' in-town lot, the property offers an abundance of outdoor space complemented by a mature privacy hedge and the added openness of having no home directly across the street 3) Enjoy added peace of mind with improvements completed in the basement crawl space, including professional sealing, structural enhancements, and additional water-management measures designed to improve the functionality and longevity of the space 4) Offering just under 2,000 square feet, the comfortable three bedroom, two bathroom layout provides plenty of room for everyday living, enhanced by custom cabinetry, a cozy gas fireplace, natural gas service, and supplemental electric baseboard heating 5) Tucked along a quiet street surrounded by mature trees in the welcoming community of Waubaushene, this property provides a peaceful place to call home while remaining conveniently connected to local amenities and the abundance of recreation found throughout the Georgian Bay area. 1,572 fin.sq.ft.

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

Closing Costs

Mortgage Amount
$495,999
Land Transfer Taxes$8,875
Legal Fees (Est.)
$
Total cash required for closing$134,375

Total Monthly Obligation

$3,116/mo
Mortgage $2,501
Monthly Loss $2,458
Principal$658
Interest$1,843
Property Tax$240
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%19
Cash-on-Cash
-7.8%1
5-Year IRR
9.5%32
10-Year IRR
10.2%
Returns Index
17.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$30,000/yr
NOI
$19,616/yr
Net Cash Flow
-$866/mo
Cash Margin
-34.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
26.1/ 100

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

Comparables

Properties near 320 Cherry Street

Time

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Data last updated within the past 24 hours.