181 Lake Breeze Drive, Ashfield-Colborne-Wawanosh

$455,000
181 Lake Breeze Drive

$455,000

New
18d
DetachedBungalow

181 Lake Breeze Drive, Ashfield-Colborne-Wawanosh

Total Monthly Obligation $2,428

Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
18d
Score
25
Yield
6.3%
Cash on Cash
3.0%
Cap Rate
5.2%
5Y IRR
18.0%
10Y IRR
16.6%
Property Type-Detached
MLS® Number-X13862484
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$2,614.01 (2026)
Parking-4 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-PRIME REAL ESTATE BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-Community, Indoor
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Slab
Sewer-Other
Possession-Flexible
Neighbourhood-Colborne
Title-Residential Freehold

No agent assigned

Welcome to life at the lake in Bluffs at Huron, a vibrant 55+ community where neighbours become friends and proudly call themselves the 'Bluffers.' This beautifully upgraded 'Lakeside with Sunroom' model offers approx. 1,455 sq ft of thoughtfully designed living space with OVER $35,000 IN UPGRADES, blending comfort, accessibility, and low-maintenance living near Lake Huron. The bright, open-concept layout features a sun-filled living room with fireplace and a stunning sunroom with vaulted ceilings, pot lights, and fresh paint (March 2026). The kitchen and dining area were also professionally painted in March 2026 and showcase new white artisan tile backsplash, laminate countertops, extended cabinetry, and a large island with seating for 3-4. Designed with ease in mind, the kitchen includes upgraded deep drawers, four extra-deep accessibility drawers, lazy Susan, under-counter garbage, under-cabinet lighting, and newer appliances including a gas stove and ice-maker fridge (approx. 3 years old).The home offers 2 bedrooms and 2 bathrooms, including a spacious primary suite with walk-in closet and ensuite featuring a 5 ft glass shower. Additional features include higher toilets, a dedicated laundry room with side-by-side Samsung washer and dryer, and thoughtful storage throughout.Enjoy a covered front porch with pull-down solar shade and a private concrete patio with gazebo.Attached garage and exterior storage add convenience.Exclusive community access to a clubhouse overlooking Lake Huron offers world-famous sunsets, plus a deeded beach path to the water.Amenities include a library, sauna, gym, billiards room, living room, kitchen, rec hall, pickle ball court, indoor + outdoor corn hole, gazebo, + fenced dog park (2025), along with entertainment and live music year round! Ideally located beside Goderich Sunset Golf Club, 4 minutes to Point Farms Provincial Park, 8 minutes to downtown Goderich, 10 min. to Benmiller Inn and Falls Reserve + more!

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

Closing Costs

Mortgage Amount
$364,000
Land Transfer Taxes$5,575
Legal Fees (Est.)
$
Total cash required for closing$98,075

Total Monthly Obligation

$2,428/mo
Mortgage $1,835
Monthly Loss $1,945
Principal$483
Interest$1,352
Property Tax$218
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.3%3
5-Year IRR
13.1%58
10-Year IRR
13.1%
Returns Index
30.3/ 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
$28,800/yr
NOI
$18,806/yr
Net Cash Flow
-$268/mo
Cash Margin
-11.2%1
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8517
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo68
Risk Index
34.3/ 100

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

Comparables

Properties near 181 Lake Breeze Drive

Time

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