206 Pioneer Road, Russell

$799,000
206 Pioneer Road

$799,000

New
17d
DetachedBungalow

206 Pioneer Road, Russell

Total Monthly Obligation $4,072

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
17d
Score
17
Yield
4.5%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Detached
MLS® Number-X13866512
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-15.24 × 36.5 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,687.65 (2026)
Parking-6 - Attached
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Stone, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-601 - Village of Russell
Title-Residential Freehold

No agent assigned

Welcome to 206 Pioneer Road, a striking 3-bedroom, 3-bathroom bungalow offering impressive architecture, a flexible layout, and a private backyard with no rear neighbours. Located on a quiet road in Russell, the home welcomes you with a covered front porch and dramatic roofline that carries through to the soaring vaulted ceilings inside. The open-concept main living area features hardwood flooring, abundant natural light, and ceilings reaching just over 17 feet, with upper windows adding to the bright, airy feel. The living room is centred around a gas fireplace with a stone surround and flows seamlessly into the dining area and chef-inspired kitchen, featuring extensive cabinetry, granite countertops, and a long centre island with seating. Numerous builder upgrades were selected through Tartan Homes, with granite countertops carried throughout. The main floor offers two bedrooms, including a rear-facing primary retreat with vaulted ceilings, walk-in closet, and ensuite with double sinks and granite counters. A second bedroom, full bathroom, and main-floor laundry with inside access to the double garage complete this level. The partially finished basement offers excellent potential with generous open space, large windows, a third bedroom, full bathroom, and 200-amp service. Outside, the fully fenced backyard is a standout, with no rear neighbours and direct views of the trees and New York Central Fitness Trail beyond. A large deck, Softub, established landscaping, and plenty of lawn create an inviting outdoor space. Parking for six with a double garage and four-car driveway, all close to schools and the amenities Russell has to offer. 24 hour irrevocable on all offers.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$4,072/mo
Mortgage $3,223
Monthly Loss $3,224
Principal$848
Interest$2,375
Property Tax$474
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.1%24
10-Year IRR
9.1%
Returns Index
13.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$36,120/yr
NOI
$22,320/yr
Net Cash Flow
-$1,363/mo
Cash Margin
-45.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.7/ 100

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

Comparables

Properties near 206 Pioneer Road

Time

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