243 Ridout Street, Port Hope

$705,000
243 Ridout Street

$705,000

New
18d
Detached1 1/2 Storey

243 Ridout Street, Port Hope

Total Monthly Obligation $3,634

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
18d
Score
20
Yield
5.2%
Cash on Cash
-2.2%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Detached
MLS® Number-X13860724
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-31.46 × 159.02 ft
Listed on site-Oct 5, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$4,979 (2026)
Parking-2 - None
Basement-Unfinished, Partial Basement
Heating-Baseboard (Electric)
Brokerage-Royal Service Real Estate Inc.
Cooling-None
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Aluminum Siding, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete, Stone
Sewer-Sewer
Possession-Flex
Neighbourhood-Port Hope
Title-Residential Freehold

No agent assigned

A rare combination in historic Port Hope: a spacious, light-filled century home on a truly private ravine lot, within an easy walk of historic downtown. Behind its traditional front verandah, nearly 1,840 square feet unfolds with far more space than the streetscape suggests - and an impressive surprise at the rear of the home. The bright foyer and generous living room feature tall original windows with distinctive blown glass, while the adjoining dining room continues the home's original pine flooring before leading into the updated kitchen and substantial family room beyond. Here, wall-to-wall, floor-to-ceiling windows and sliding glass doors draw in natural light and frame the mature trees and ravine, while a gas fireplace anchors the room. With the kitchen open to this expansive living space, the back of the home feels both relaxed and dramatic. Also on the main floor is a large bedroom with an adjoining two-piece bath and laundry area - an increasingly sought-after feature for buyers looking for the convenience of main-floor living. Upstairs, original wide-plank pine floors continue through the hall, bedrooms and dressing area, complemented by an updated four-piece bath and several newer windows throughout the home. Outside, the privacy is exceptional. Neighbouring homes are almost entirely out of sight from the backyard, with mature trees, the depth of the property and the ravine creating a remarkably secluded setting.

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

Closing Costs

Mortgage Amount
$564,000
Land Transfer Taxes$10,575
Legal Fees (Est.)
$
Total cash required for closing$153,075

Total Monthly Obligation

$3,634/mo
Mortgage $2,844
Monthly Loss $2,885
Principal$748
Interest$2,095
Property Tax$415
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.1%36
10-Year IRR
10.7%
Returns Index
19.2/ 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
$36,600/yr
NOI
$23,461/yr
Net Cash Flow
-$889/mo
Cash Margin
-29.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
23.5/ 100

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

Comparables

Properties near 243 Ridout Street

Time

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