116 Lametti Drive, Pelham

$1,039,900
116 Lametti Drive

$1,039,900

Price Change
22d
DetachedBungalow

116 Lametti Drive, Pelham

Total Monthly Obligation $5,147

Beds
4
Baths
3
Park
2
Sqft
1500-2000
DOM
22d
Score
14
Yield
2.8%
Cash on Cash
-12.6%
Cap Rate
1.9%
5Y IRR
5.8%
10Y IRR
7.0%
Property Type-Detached
MLS® Number-X13852800
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-49.21 × 102.13 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Age-6-15
Taxes-$6,927.41 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROCK STAR REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Facing-West
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-662 - Fonthill
Title-Residential Freehold

No agent assigned

You've been waiting for a special home, and here it is. Thoughtfully designed with a balance of contemporary architecture and charming details. Warm elements and natural light are defining features of the home, reaching into every room and creating beautiful spaces that feel calm and welcoming. With over 2,800 sq.ft. of finished living space, 4 beds and 3 baths, there is much to appreciate. The foyer hallway draws you into the open layout living area, anchored by floor to ceiling windows/sliding doors. Here, every season becomes part of the view. The doors lead to a deck and lovely west facing yard. Fully fenced and made private by trees that line the rear of the property - a feature enjoyed by few homes in the neighbourhood. A truly peaceful place to start or end your day. The cozy living room presents a custom feature wall w/gas fireplace and integrated TV while an oversized window in the dining room brings in sunlight throughout the day. The modern kitchen boasts a generous island w/ timeless double waterfall quartz counters, ample storage and B/I appliances. Ideal for everyday life but equally suited to making memories with friends at dinner parties, family at holidays or quiet mornings outside. The primary bedrm is a relaxing retreat featuring two tall windows, a sunlit 3PC ensuite and W/I closet. 2 additional bedrooms, a 4PC bathrm, and main flr laundry complete this level. When you're ready to wind down, the living rm and primary offer remote controlled blinds. Downstairs, the basement is bright and spacious making the lower level feel like a true extension of the main flr. The rec-rm offers flexibility - whether you envision a media room, home gym, bar, music space or kid's play area. A private bedrm suite is also found here, complete with dbl closets and a 5PC ensuite privileged bathrm w/heated flrs, soaker tub, separate shower and double-sink vanity. List of features available. Offered at a price that represents exceptional value in today's market.

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

Closing Costs

Mortgage Amount
$831,920
Land Transfer Taxes$17,273
Legal Fees (Est.)
$
Total cash required for closing$226,753

Total Monthly Obligation

$5,147/mo
Mortgage $4,195
Monthly Loss $4,043
Principal$1,104
Interest$3,091
Property Tax$577
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-16.0%0
5-Year IRR
3.1%6
10-Year IRR
5.3%
Returns Index
4.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$28,800/yr
NOI
$14,493/yr
Net Cash Flow
-$2,987/mo
Cash Margin
-124.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.292
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
16.5/ 100

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

Comparables

Properties near 116 Lametti Drive

Time

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Data last updated within the past 24 hours.