51248 Clinton Street, Malahide

$695,000
51248 Clinton Street

$695,000

Extension
120d
DetachedBungalow

51248 Clinton Street, Malahide

Total Monthly Obligation $3,526

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
120d
Yield
5.0%
Cash on Cash
-2.5%
Cap Rate
4.0%
5Y IRR
13.6%
10Y IRR
13.0%
Property Type-Detached
MLS® Number-X13490266
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-128.14 × 138.97 ft
Listed on site-Jun 25, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,165 (2025)
Parking-5 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-SHOWCASE EAST ELGIN REALTY INC
Cooling-Central Air
Laundry-No
Fireplace-Freestanding, Natural Gas, Rec Room
Pool-None
Facing-North
Exterior-Brick
Roof-Metal
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-Springfield
Title-Residential Freehold

No agent assigned

This well-maintained, move-in ready brick bungalow has been lovingly cared for by its original owners and is nestled in the charming village of Springfield. Offering a peaceful setting with incredible space and potential, this home is perfect for families, hobbyists, or anyone looking for both comfort and opportunity. Inside, the main floor features a bright living room, a functional kitchen, and three comfortable bedrooms, along with a 4-piece main bath. The finished basement provides additional living space, including a sun-lit family room with bar area with a cozy gas fireplace, as well as a versatile bonus room. A 1-piece shower and laundry area complete the lower level for added convenience. Outside, this property shines with its large detached 28' x 32' insulated shop, complete with two doors and a separate laneway. The steel roof, installed in 2018, ensures long-term durability for both the house and shop. The expansive lot offers possible severance potential for future development. Located in a quaint, family-friendly village, this home is connected to municipal sewer with well water and is just a short drive to Aylmer, St. Thomas, and Tillsonburg. With easy access to Hwy 401, its an ideal location for commuters or those who want a balance of small-town living and accessibility to larger centers. This property is a rare find, offering both immediate move-in readiness and long-term possibilities. Measurements by IGuide

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Closing Costs

Mortgage Amount
$556,000
Land Transfer Taxes$10,375
Legal Fees (Est.)
$
Total cash required for closing$150,875

Total Monthly Obligation

$3,526/mo
Mortgage $2,803
Monthly Loss $2,788
Principal$738
Interest$2,066
Property Tax$347
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 51248 Clinton Street

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