122 Mills Road, Brighton

$629,000
122 Mills Road

$629,000

New
21d
DetachedBungalow

122 Mills Road, Brighton

Total Monthly Obligation $3,312

Beds
2
Baths
2
Park
4
Sqft
1500-2000
DOM
21d
Score
20
Yield
5.5%
Cash on Cash
-1.1%
Cap Rate
4.3%
5Y IRR
14.7%
10Y IRR
13.9%
Property Type-Detached
MLS® Number-X13853224
Beds-2
Bathrooms-2
Size-1500-2000 sqft
Lot Size-54.79 × 121.95 ft
Listed on site-Oct 2, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$4,793 (2026)
Parking-6 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-Royal Service Real Estate Inc.
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-Brighton
Title-Residential Freehold

No agent assigned

Welcome to easy main-floor living in the sought-after Brighton by the Bay community. This impressive 1,613 sq ft, 2 bedroom, 2bathroom bungalow offers a spacious open-concept floor plan designed for comfort and convenient entertaining of family or friends. The heart of the home connects a spacious kitchen with a large cupboard count and ample counter space, dining roomand inviting living room where a cozy natural gas fireplace creates a warm ambiance. Step through the dining room walk-out to enjoy your peaceful backyard patio with beautiful gardens. The primary bedroom boasts a generous walk-in closet and a private3-piece ensuite with a walk-in shower, while guests will appreciate the full 4-piece main bath. Additional highlights include an attached 2-car garage with inside entry, central vacuum and inground sprinkler system. Brighton by the Bay gives you access toan active 50+ lifestyle centred around the vibrant Sandpiper Centre, complete with social events, fitness, billiards and shuffleboard. Beyond your doorstep, the welcoming town of Brighton is a haven for mature adults and families, offering a relaxed pace of life paired with a vibrant downtown filled with boutique shops, cozy cafes and essential services. Nestled near Presqu'ile Provincial Park, you are minutes from boardwalks, sandy beaches, bird watching, hiking trails, golf courses and marina docking on Presqu'ile Bay. Prince Edward County's premier wineries and farm-to-table dining are just a short drive away. Ideally situated along the 401 corridor, commuting or visiting a friend is effortless: approximately 25 minutes to Belleville, 50 minutes to Oshawa,65 minutes to Kingston and 90 minutes to Toronto. An ultimate blend of lakeside charm, community and convenience awaits. All homeowners must become members of the Brighton by the Bay Homeowners Association and must follow and respect the community's bylaws, covenants, rules and regulations. The annual dues for 2026 are $492.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$503,200
Land Transfer Taxes$9,055
Legal Fees (Est.)
$
Total cash required for closing$136,355

Total Monthly Obligation

$3,312/mo
Mortgage $2,537
Monthly Loss $2,644
Principal$668
Interest$1,870
Property Tax$399
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.3%2
5-Year IRR
10.7%40
10-Year IRR
11.1%
Returns Index
21.2/ 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
$34,656/yr
NOI
$21,897/yr
Net Cash Flow
-$712/mo
Cash Margin
-24.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
25.6/ 100

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

Comparables

Properties near 122 Mills Road

Time

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Data last updated within the past 24 hours.