1898 RUSSELL Road 2, Elmvale Acres and Area

$549,000
1898 RUSSELL Road 2

$549,000

New
56d
Condo Townhouse2-Storey

1898 RUSSELL Road 2, Elmvale Acres and Area

Total Monthly Obligation $3,263

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
56d
Score
17
Yield
5.2%
Cash on Cash
-7.0%
Cap Rate
3.1%
5Y IRR
10.1%
10Y IRR
10.3%
Property Type-Condo Townhouse
MLS® Number-X13720782
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Aug 28, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$3,880 (2026)
Maintenance-$525/mo
Locker-None
Parking-1 - Detached
Basement-Finished
Heating-Baseboard (Wood)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Wall Unit(s)
Laundry-No
Fireplace-Fireplace Insert, Wood
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-flexible / TBA
Neighbourhood-3701 - Elmvale Acres
Title-Residential Condo & Other

No agent assigned

1898 RUSSELL ROAD ,sits this quaint little community of 5 homes , an old english courtyard style hidden from the street ,backing onto lush green foliage (trees and grass) ,very private . All brick 2 storey semi detached, 3 bedroom, 2 bathroom ( 1 & 1/2 ) , presently 2 bedroom but can easily be converted back , custom built california closet organizers ,finished lower level with laundry, storage area, rec room & a wet bar , hidden south facing back yard oasis , very private , all hardscaped with interlock accessible from the screened in porch ,again very private . Many updates including the kitchen, bathrooms ,windows ( very efficient ) , plenty of small improvements including hardware, lighting ,newer appliances , architectural detailed crown molding and some corner molding , wood burning fireplace insert ( very efficient & WETT certified ),mostly strip hardwood flooring through out, all exterior looked after by condo corp . also a GARAGE ,again all brick . A little shangri-La in the middle of the city .Premium location within walking distance to 3 hospitals , rec facilities , shopping ( grocery & other) , public transit, quick access to out of town or into town. perfect for the executive !

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$439,200
Land Transfer Taxes$7,455
Legal Fees (Est.)
$
Total cash required for closing$118,755

Total Monthly Obligation

$3,263/mo
Mortgage $2,215
Monthly Loss $2,680
Principal$583
Interest$1,632
Property Tax$323
Condo Fees$525
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.4%0
5-Year IRR
6.9%18
10-Year IRR
8.3%
Returns Index
10.1/ 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
$28,584/yr
NOI
$13,146/yr
Net Cash Flow
-$1,119/mo
Cash Margin
-47.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo49
Risk Index
24.0/ 100

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

Comparables

Properties near 1898 RUSSELL Road 2

Time

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