128 Sternes Private 12, Orleans - Cumberland and Area

$389,000
128 Sternes Private 12

$389,000

New
22d
Condo ApartmentApartment

128 Sternes Private 12, Orleans - Cumberland and Area

Total Monthly Obligation $2,302

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
22d
Score
25
Yield
7.2%
Cash on Cash
2.6%
Cap Rate
5.1%
5Y IRR
17.6%
10Y IRR
16.3%
Property Type-Condo Apartment
MLS® Number-X13849528
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,673 (2026)
Maintenance-$310.56/mo
Locker-Ensuite+Exclusive
Parking-1 - Surface
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Vinyl Siding
Possession-Flexible
Neighbourhood-1107 - Springridge/East Village
Title-Residential Condo & Other

No agent assigned

Space, function, and a location wired for easy Orleans living - this 2 bedroom two-bath condo lives larger than its footprint. Set in a well-kept 2014 low-rise off Trim Road, it comes with your own parking and tidy, landscaped grounds. Inside, an open main floor runs laminate underfoot from the living room through the dining area, with large windows and an easy flow for both everyday life and hosting. The kitchen anchors the space with granite counters, stainless steel appliances, generous dark-wood cabinetry, dishwasher and an island with breakfast-bar seating. Two well-appointed bedrooms deliver real flexibility. The primary is genuinely oversized - nearly 14 by 15 feet, with room for a king bed plus a work-from-home setup - and both bedrooms carry tray ceilings that lift the rooms. Two full bathrooms remove the morning bottleneck, while a dedicated in-suite laundry room doubles as valuable storage. Step out to your own quiet balcony that extends your living space without the upkeep.The location does real work here. You're minutes from Petrie Island's sandy beach and river trails at the north end of Trim Road, everyday shopping and dining along Trim and Innes, Place d'Orleans, and Highway 174 for a straight run downtown. The existing Trim Road transit hub - and the coming O-Train Line 1 terminus - sits close by. Condo fees include parking and building insurance, keeping monthly costs predictable and the lifestyle low-maintenance. A smart move for first-time buyers, downsizers, or investors. Book your private showing today.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$311,200
Land Transfer Taxes$4,310
Legal Fees (Est.)
$
Total cash required for closing$83,610

Total Monthly Obligation

$2,302/mo
Mortgage $1,569
Monthly Loss $1,890
Principal$413
Interest$1,156
Property Tax$223
Condo Fees$311
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-3.1%4
5-Year IRR
13.4%60
10-Year IRR
13.4%
Returns Index
31.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$27,840/yr
NOI
$16,256/yr
Net Cash Flow
-$214/mo
Cash Margin
-9.2%1
Cash Flow Index
0.8/ 100
Risk Profile
Weight: 20%
DSCR
0.8618
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo71
Risk Index
35.7/ 100

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

Comparables

Properties near 128 Sternes Private 12

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