372 Adelaide Street, Strathroy-Caradoc

$499,900
372 Adelaide Street

$499,900

New
18d
DetachedBungalow

372 Adelaide Street, Strathroy-Caradoc

Total Monthly Obligation $2,610

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
18d
Score
32
Yield
7.3%
Cash on Cash
7.9%
Cap Rate
6.3%
5Y IRR
21.9%
10Y IRR
19.9%
Property Type-Detached
MLS® Number-X13865074
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-59.53 × 132.43 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,626 (2025)
Parking-3 - Detached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-KING REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-SW
Title-Residential Freehold

No agent assigned

This well-located bungalow offers a practical layout, plenty of natural light and great potential for the next owner to make it their own. The main level features a spacious living room with a large picture window and gas fireplace, along with three bedrooms, a full bathroom and a functional kitchen. The lower level provides additional finished living space, including a generous family room ideal for entertaining or relaxing, while the unfinished portions provide useful laundry, utility and storage space. The home has benefited from a number of updates over the years, including the kitchen, bathroom, windows and a 200-amp electrical panel. Some repairs and finishing touches are currently needed, offering an opportunity for the next owner to update the home to their own taste. Outside, enjoy a large fenced lot with plenty of room for gardening, entertaining and outdoor activities, along with a pergola-covered patio and sand point for lawn and garden watering. The insulated detached garage provides additional parking, storage or workspace. Conveniently located close to schools, shopping and everyday amenities, this property offers plenty of potential for its next owner.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,610/mo
Mortgage $2,016
Monthly Loss $2,080
Principal$531
Interest$1,486
Property Tax$219
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.2%40
Cash-on-Cash
1.5%11
5-Year IRR
16.9%81
10-Year IRR
16.1%
Returns Index
44.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
32/ 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
$25,814/yr
Net Cash Flow
$135/mo
Cash Margin
4.4%11
Cash Flow Index
10.7/ 100
Risk Profile
Weight: 20%
DSCR
1.0732
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
37.6/ 100

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

Comparables

Properties near 372 Adelaide Street

Time

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