115 Atkinson Street, North Middlesex

$684,900
115 Atkinson Street

$684,900

New
22d
Detached2-Storey

115 Atkinson Street, North Middlesex

Total Monthly Obligation $3,138

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
22d
Score
20
Yield
4.4%
Cash on Cash
-2.6%
Cap Rate
4.0%
5Y IRR
13.5%
10Y IRR
13.0%
Property Type-Detached
MLS® Number-X13848378
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-42.42 × 147.55 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Age-New
Parking-4 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Under Construction
Neighbourhood-Ailsa Craig
Title-Residential Freehold

No agent assigned

HST REBATE PRICING // UNDER CONSTRUCTION - The Madison II by VanderMolen Homes Inc. Located in the charming community of Ailsa Craig, this thoughtfully designed two-storey home offers 1,764 sq.ft. of bright, open-concept living space with a layout that balances style and everyday functionality. Large windows throughout flood the home with natural light, creating a warm and welcoming atmosphere. The main floor features a spacious great room seamlessly connected to the dinette and kitchen-perfect for both daily living and entertaining. This model includes a gas fireplace with surround upgrade. The kitchen with upgraded cabinetry, is complete with a central island, quartz countertops, and a window over the sink offering natural light and outdoor views. Direct access to the mudroom makes grocery drop-offs and daily routines simple and efficient. A convenient 2-piece powder room completes the main level. Upstairs, you'll find three generously sized bedrooms, including a primary suite designed as a private retreat. The primary bedroom features a walk-in closet and a luxurious 5-piece ensuite with a soaker tub, double vanity, and separate shower. Two additional bedrooms share a full 4-piece bathroom, while a second-floor laundry room adds everyday convenience. Additional upgrades to this home include luxury plank flooring added to the second floor, and a 12'x12' covered back deck. Situated in the desirable Ausable Bluffs, this location offers easy access to surrounding communities-approximately 25 minutes north of London, 20 minutes east of Strathroy, and 30 minutes to the stunning shores of Lake Huron. Photos are from a previously built model and are for illustration purposes only - Some finishes & upgrades shown may not be included in standard specs. Taxes & Assessed value yet to be determined. List price reflects the Government HST rebate. Purchase price is subject to buyer qualification for applicable rebates.

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

Closing Costs

Mortgage Amount
$547,920
Land Transfer Taxes$10,173
Legal Fees (Est.)
$
Total cash required for closing$148,653

Total Monthly Obligation

$3,138/mo
Mortgage $2,763
Monthly Loss $2,411
Principal$727
Interest$2,036
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
9.8%34
10-Year IRR
10.4%
Returns Index
18.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$30,000/yr
NOI
$22,500/yr
Net Cash Flow
-$888/mo
Cash Margin
-35.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
26.3/ 100

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

Comparables

Properties near 115 Atkinson Street

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