120 Summersides Boulevard 109, Pelham

$599,000
120 Summersides Boulevard 109

$599,000

New
17d
Condo ApartmentApartment

120 Summersides Boulevard 109, Pelham

Total Monthly Obligation $3,444

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
17d
Score
18
Yield
5.2%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Condo Apartment
MLS® Number-X13867328
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,451 (2025)
Maintenance-$457.35/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE NRC REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-Flexible
Neighbourhood-662 - Fonthill
Title-Residential Condo & Other

No agent assigned

Welcome to modern condo living in the heart of Fonthill. Built in 2022, this ground-level corner unit offers a bright, well-designed living space with a layout that is both comfortable and functional.The open-concept kitchen, dining, and living area is filled with natural light from the oversized windows, complete with quality window coverings. Carpet-free flooring and neutral finishes carry throughout the space. The kitchen includes quartz countertops, soft-close cabinetry, plenty of storage, and a large centre island that is perfect for everyday living or entertaining.The condo offers two bedrooms and two full bathrooms, providing a great amount of space and privacy. The primary bedroom features a walk-in closet and private ensuite with a walk-in glass shower. Additional features include convenient in-suite laundry. Step outside and enjoy two spacious balconies with glass railings, giving you plenty of room to relax and enjoy the warmer months. The unit also includes one underground parking space and a private storage locker for added convenience. The location is hard to beat, you are just steps from the Meridian Community Centre, shops, cafés, grocery stores, and scenic trails, while still having quick access to Highway 406, local wineries, surrounding Niagara communities, and the GTA. A great opportunity for anyone looking for a low-maintenance lifestyle in a convenient Fonthill location.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,444/mo
Mortgage $2,416
Monthly Loss $2,809
Principal$636
Interest$1,780
Property Tax$371
Condo Fees$457
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.7%22
10-Year IRR
8.9%
Returns Index
12.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$31,248/yr
NOI
$15,784/yr
Net Cash Flow
-$1,101/mo
Cash Margin
-42.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.3/ 100

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

Comparables

Properties near 120 Summersides Boulevard 109

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.