38824 Vienna Street, Bluewater

$769,900
38824 Vienna Street

$769,900

New
55d
DetachedBungalow

38824 Vienna Street, Bluewater

Total Monthly Obligation $3,888

Beds
3
Baths
2
Park
4
Sqft
2000-2500
DOM
55d
Score
18
Yield
4.7%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-X13727586
Beds-3
Bathrooms-2
Size-2000-2500 sqft
Lot Size-86.63 × 132 ft
Listed on site-Aug 29, 2026
Style-Bungalow
Building Type-Detached
Age-6-15
Taxes-$4,893 (2025)
Parking-6 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-Dale Group Realty Corp
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Stone, Brick
Roof-Asphalt Shingle
Foundation-Slab
Sewer-Septic
Possession-flexible
Neighbourhood-Stanley
Title-Residential Freehold

No agent assigned

Welcome to the charming rural village of Varna! Built in 2017, this thoughtfully designed 3 bedroom bungalow is anything but a standard build. Constructed by the owners with the intention of staying for years to come, quality and efficiency were priorities throughout. Built on a slab-on-grade foundation, the home features in-floor hot water radiant heating, a natural gas forced-air furnace for backup, R60 insulation and a Generac standby generator, making for a remarkably comfortable and efficient home. Inside, transom windows throughout bring in plenty of natural light. The well-appointed kitchen features granite countertops and a large sit-up island ideal for everyday living and entertaining, while marble countertops add a quality finish to the bathrooms. Outside, enjoy covered front and rear porches, a natural gas BBQ hookup, mature gardens and established landscaping. Stone paver driveway and walkways add to the curb appeal, while the double garage and 10' x 20' shed provide plenty of additional storage. Enjoy peaceful village living less than 10 minutes from the beautiful beaches of Lake Huron and the boutique shops, restaurants and charm of Bayfield. Evenings can be as simple as strolling over to the nearby brewery to enjoy a craft beer and frequent live music.

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

Closing Costs

Mortgage Amount
$615,920
Land Transfer Taxes$11,873
Legal Fees (Est.)
$
Total cash required for closing$167,353

Total Monthly Obligation

$3,888/mo
Mortgage $3,106
Monthly Loss $3,071
Principal$817
Interest$2,288
Property Tax$408
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
8.8%28
10-Year IRR
9.7%
Returns Index
15.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$36,000/yr
NOI
$23,007/yr
Net Cash Flow
-$1,188/mo
Cash Margin
-39.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.8/ 100

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

Comparables

Properties near 38824 Vienna Street

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