188 Broadway Street, Kincardine

$465,000
188 Broadway Street

$465,000

New
22d
DetachedBungalow

188 Broadway Street, Kincardine

Total Monthly Obligation $2,458

Beds
2
Baths
1
Park
4
Sqft
1100-1500
DOM
22d
Score
23
Yield
5.8%
Cash on Cash
0.7%
Cap Rate
4.7%
5Y IRR
16.1%
10Y IRR
15.1%
Property Type-Detached
MLS® Number-X13846752
Beds-2
Bathrooms-1
Size-1100-1500 sqft
Lot Size-57.08 × 150.13 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,492 (2025)
Parking-4 - None
Basement-Unfinished
Heating-Other (Gas)
Brokerage-RE/MAX Land Exchange Ltd.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Kincardine
Title-Residential Freehold

No agent assigned

This sprawling 1,200+ sq' bungalow is located close to the shores of Lake Huron and yet is in the core area of Kincardine's downtown. There are 3 bedrooms and a very private back yard would make for great gatherings around a fire pit on seasonable nights. Two natural gas wall heaters have been recently installed to economically enhance the homes comfort during the cold weather. The double wide private parking will allow up to 4 vehicles to park when company arrives. Whether looking for a starter or retirement home or cottage in the Town of Kincardine you better check this one out!

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

Closing Costs

Mortgage Amount
$372,000
Land Transfer Taxes$5,775
Legal Fees (Est.)
$
Total cash required for closing$100,275

Total Monthly Obligation

$2,458/mo
Mortgage $1,876
Monthly Loss $1,965
Principal$494
Interest$1,382
Property Tax$208
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.4%2
5-Year IRR
11.4%46
10-Year IRR
11.7%
Returns Index
23.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$26,796/yr
NOI
$17,124/yr
Net Cash Flow
-$449/mo
Cash Margin
-20.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
32.6/ 100

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

Comparables

Properties near 188 Broadway Street

Time

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