17 Richardson Drive, Norfolk

$479,900
17 Richardson Drive

$479,900

New
18d
DetachedBungalow

17 Richardson Drive, Norfolk

Total Monthly Obligation $2,605

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
18d
Score
22
Yield
6.0%
Cash on Cash
0.9%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Detached
MLS® Number-X13863588
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-50 × 100 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$3,525.25 (2025)
Parking-4 - Carport
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS EDGE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Wood
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-Port Dover
Title-Residential Freehold

No agent assigned

Welcome to this inviting detached home in the heart of Port Dover, set on a generous 50' x 100' lot with a layout designed to adapt with you.With a bathroom on each level, 2 bedrooms on the main floor, 1 on the lower level, and a dining room that can easily be converted back into afourth bedroom, the flexibility suits a wide range of lifestyles; whether you're entering the market, growing your family, or simplifying yourspace. A well maintained and very clean home that was freshly painted in 2025, the main floor feels bright and welcoming, highlighted by abeautifully renovated 4-piece bathroom. The finished basement adds valuable living space with a separate entrance, updated 3-piece bathroom,and strong in-law potential... ideal for extended family or added versatility. A spacious family room with a cozy wood burning fireplace creates theperfect setting for relaxing evenings, while ceiling heights of approximately 7'7" (excluding bulkhead) make the space versatile and feel spacious.The main level offers everyday ease with two bedrooms and a full bathroom. Outside, a paved driveway with parking for three vehicles plus acarport with direct access to the side entrance makes coming and going effortless, with convenient backyard access for summer BBQs. There's acozy charm throughout, along with an opportunity to personalize and elevate the space over time... such as updating flooring to match yourstyle. Located just a short walk to Lakeview Park, the Port Dover Arena, Lakewood Elementary School, the sandy beach, and a vibrant mix ofboutique shops and restaurants, this home offers not just a place to live, but a lifestyle to enjoy. A fantastic opportunity for first-time buyers,downsizers, investors, and families alike; come experience the potential for yourself. This home is being sold under Power of Attorney.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$383,920
Land Transfer Taxes$6,073
Legal Fees (Est.)
$
Total cash required for closing$103,553

Total Monthly Obligation

$2,605/mo
Mortgage $1,936
Monthly Loss $2,095
Principal$509
Interest$1,426
Property Tax$294
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.2%2
5-Year IRR
11.6%47
10-Year IRR
11.9%
Returns Index
24.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$17,895/yr
Net Cash Flow
-$445/mo
Cash Margin
-18.5%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7713
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
31.4/ 100

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

Comparables

Properties near 17 Richardson Drive

Time

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