240 Edgewater Boulevard, Middlesex Centre

$1,849,900
240 Edgewater Boulevard

$1,849,900

New
17d
DetachedBungalow

240 Edgewater Boulevard, Middlesex Centre

Total Monthly Obligation $8,534

Beds
4
Baths
4
Park
6
Sqft
2000-2500
DOM
17d
Score
13
Yield
2.0%
Cash on Cash
-14.7%
Cap Rate
1.4%
5Y IRR
4.2%
10Y IRR
5.8%
Property Type-Detached
MLS® Number-X13865808
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-68.24 × 125 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Taxes-$8,362.17 (2025)
Parking-8 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-RE/MAX ADVANTAGE REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick, Stucco (Plaster)
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Later in the year closing is favoured
Neighbourhood-Kilworth
Title-Residential Freehold

No agent assigned

One-of-a-kind, top-tier design on a premium Edgewater Blvd lot ( approx: 2400 sq ft on the main floor + lower approx 2000 finished) . Enjoy abundant windows and stunning view of Komoka Provincial Pond Park from multiple rooms. Both rear decks offer spacious, covered outdoor living-beginning with a main-floor Weatherdek membrane deck and continuing below with a stamped concrete patio. The land behind the home is designated non-buildable by the municipality, and direct access to the pond area is just steps away. Proudly built by Melchers, this home features European tilt-and-turn windows and doors, porcelain flooring throughout the main level, a tray ceiling in the Dining Room, and a beamed ceiling in the Great Room. The walk-out basement expands your living space with in-floor heating, a rec room, a sound-insulated theatre/music room, an additional bedroom (currently used as an office), an exercise area, and ample storage. Additional highlights include a deluxe laundry and mudroom, flexible main-floor rooms, and a standout ergonomic kitchen with high-end appliances. The kitchen opens to the Great Room, where built-ins surround the fireplace. An oversized garage (approx 30 x 25.6 feet) completes the package. Built to last in a beautiful natural setting, close to 3 Conservation Areas and 3 welcoming communities (Kilworth, Komoka, and Delaware). Enjoy very easy access to Highways 402/401. The listing agent can provide a complete list of the upgrades.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,479,920
Land Transfer Taxes$33,473
Legal Fees (Est.)
$
Total cash required for closing$404,953

Total Monthly Obligation

$8,534/mo
Mortgage $7,462
Monthly Loss $6,570
Principal$1,964
Interest$5,498
Property Tax$697
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.1%8
Cash-on-Cash
-17.3%0
5-Year IRR
2.1%5
10-Year IRR
4.5%
Returns Index
3.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 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
$37,452/yr
NOI
$20,845/yr
Net Cash Flow
-$5,725/mo
Cash Margin
-183.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.232
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo19
Risk Index
12.8/ 100

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

Comparables

Properties near 240 Edgewater Boulevard

Time

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