2 Highview Street, Ashfield-Colborne-Wawanosh

$439,900
2 Highview Street

$439,900

New
22d
DetachedBungalow

2 Highview Street, Ashfield-Colborne-Wawanosh

Total Monthly Obligation $2,390

Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
22d
Score
28
Yield
7.1%
Cash on Cash
6.0%
Cap Rate
5.9%
5Y IRR
20.4%
10Y IRR
18.6%
Property Type-Detached
MLS® Number-X13850702
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$2,891.64 (2026)
Parking-3 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-Pebble Creek Real Estate Inc.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-Community, Indoor
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Other
Possession-TBD
Neighbourhood-Colborne
Title-Residential Freehold

No agent assigned

Impressive bungalow located on a large premium corner lot in the very desirable "Bluffs at Huron!" This attractive "Stormview" model offers 1400 sq feet of living space and an abundance of upgrades! Step inside and you'll be delighted by the bright open concept and large living room with gas fireplace at the front of the home. The kitchen features upgraded cabinetry, stainless steel appliances, center island and walk-in pantry. There's also a spacious dining area and sunroom with patio doors leading to a rear patio. The primary bedroom offers a walk-in closet and 3pc ensuite bath. The second bedroom and 4 pc main bath are located just down the hall. Additional features include pot lighting throughout the main living areas, water softener and R/O water treatment, an inviting covered front porch and separate laundry room with access to the 1.5 car garage. There's also cozy in-floor heating and central A/C! This terrific home is located in an upscale adult land lease community along the shores of Lake Huron with private recreation center and indoor pool. Ample shopping options, restaurants and several golf courses are also located nearby. Bonus - fridge, stove, dishwasher, OTR microwave, washer & dryer included!

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

Closing Costs

Mortgage Amount
$351,920
Land Transfer Taxes$5,273
Legal Fees (Est.)
$
Total cash required for closing$94,753

Total Monthly Obligation

$2,390/mo
Mortgage $1,774
Monthly Loss $1,923
Principal$467
Interest$1,307
Property Tax$241
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.7%34
Cash-on-Cash
-0.6%7
5-Year IRR
15.2%72
10-Year IRR
14.8%
Returns Index
38.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 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
$31,200/yr
NOI
$20,688/yr
Net Cash Flow
-$50/mo
Cash Margin
-1.9%3
Cash Flow Index
3.3/ 100
Risk Profile
Weight: 20%
DSCR
0.9725
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo68
Risk Index
37.1/ 100

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

Comparables

Properties near 2 Highview Street

Time

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