12 Covington Crescent, Belleville

$699,900
12 Covington Crescent

$699,900

New
23d
DetachedBungalow

12 Covington Crescent, Belleville

Total Monthly Obligation $3,699

Beds
4
Baths
3
Park
2
Sqft
1100-1500
DOM
23d
Score
19
Yield
5.3%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
13.0%
Property Type-Detached
MLS® Number-X13842462
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-49.58 × 108.74 ft
Listed on site-Sep 30, 2026
Style-Bungalow
Building Type-Detached
Taxes-$6,008.24 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Exp Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Thurlow Ward
Title-Residential Freehold

No agent assigned

This fully finished all brick 2+2 bedroom bungalow in Settlers Ridge offers something a little different from what you've seen hit the market over the last several months. With a larger, spacious layout, this home features 9ft ceilings through the main level - a generous kitchen, separate dining room, and convenient main-floor laundry with direct access to the garage - all situated on a large corner lot. The primary bedroom offers a large walk-in closet and ensuite featuring a glass and tile shower, double sinks, and it's own linen closet. A second bedroom and full bathroom complete the main floor. Downstairs, the fully finished lower level adds two more bedrooms, another full bathroom, and a spacious recreation room, giving you plenty of room to spread out.It's the kind of bungalow that works through every stage of life - easy main-floor living when the kids are little or when retirement comes around, with a fully finished lower level that gives teenagers, adult children, guests, or grandkids their own space when they need it. A home you can move into now and stay in for years to come. Settler's Ridge Subdivision Offers Walking Trails, Large Paved Sidewalks, Park w/ Play Structure, Greenspace & Bell Fibe Internet. Pickleball Court, Basketball Court and Skateboard Park expected to be completed by the end of the year. Close to All Amenities!

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

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,699/mo
Mortgage $2,823
Monthly Loss $2,956
Principal$743
Interest$2,080
Property Tax$501
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
9.8%34
10-Year IRR
10.4%
Returns Index
18.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$36,804/yr
NOI
$22,615/yr
Net Cash Flow
-$939/mo
Cash Margin
-30.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
23.0/ 100

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

Comparables

Properties near 12 Covington Crescent

Time

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