40 Glengariff Drive, Southwold

$954,900
40 Glengariff Drive

$954,900

Price Change
120d
DetachedBungalow

40 Glengariff Drive, Southwold

Total Monthly Obligation $4,637

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
120d
Score
16
Yield
3.8%
Cash on Cash
-7.2%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.2%
Property Type-Detached
MLS® Number-X13488676
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-57.58 × 148.15 ft
Listed on site-Jun 25, 2026
Style-Bungalow
Building Type-Detached
Age-6-15
Taxes-$4,926 (2025)
Parking-6 - Attached
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-ELGIN REALTY LIMITED
Cooling-Central Air
Laundry-No
Fireplace-Fireplace Insert, Living Room, Natural Gas
Pool-None
Facing-West
Exterior-Stone, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-90 days flexible
Neighbourhood-Talbotville
Title-Residential Freehold

No agent assigned

Welcome to 40 Glengariff Drive, located in "The Ridge" community of Talbotville, in Southwold Township and the sought-after Southwold school district. Conveniently situated close to St. Thomas, Port Stanley, and just minutes to London via Highway 401, this thoughtfully designed ranch-style home offers the perfect balance of comfort, style, and accessibility. This custom home features 2+1 bedrooms and 3 full bathrooms, offering over 2450 sq ft of finished living space, including 1660 sq ft on the main floor. Loaded with quality upgrades, this home showcases exceptional craftsmanship throughout. The inviting open-concept main floor features a spacious foyer leading into the bright great room and kitchen, complete with a 7' ft island, dedicated eating area, and formal dining space. The great room is enhanced by a beautiful gas fireplace and abundant natural light, creating a warm and welcoming atmosphere. The kitchen is designed for both functionality and elegance, featuring a large island with sink, quartz countertop and seating, stylish backsplash, oversized walk-in pantry, and patio doors leading to the covered deck perfect for outdoor entertaining. The finished lower level offers a generous rec room and games area, third bedroom, and three-piece bathroom providing excellent additional living space for family or guests. This unique home blends modern elegance with practical design-ideal for families seeking quality, comfort, and a desirable location.

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%
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$763,920
Land Transfer Taxes$15,573
Legal Fees (Est.)
$
Total cash required for closing$208,053

Total Monthly Obligation

$4,637/mo
Mortgage $3,852
Monthly Loss $3,624
Principal$1,014
Interest$2,838
Property Tax$411
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.1%1
5-Year IRR
6.9%18
10-Year IRR
8.2%
Returns Index
10.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$36,600/yr
NOI
$23,514/yr
Net Cash Flow
-$1,892/mo
Cash Margin
-62.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
18.6/ 100

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

Comparables

Properties near 40 Glengariff Drive

Time

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