Lot 31 Ridgeline Drive, Alnwick/Haldimand

$979,000
Lot 31 Ridgeline Drive

$979,000

New
16d
DetachedBungalow

Lot 31 Ridgeline Drive, Alnwick/Haldimand

Total Monthly Obligation $4,324

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
16d
Score
17
Yield
3.6%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.0%
Property Type-Detached
MLS® Number-X13870602
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-111.11 × 246.42 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Age-New
Parking-6 - Attached
Basement-Development Potential, Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal Lepage ProAlliance Realty
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-West
Exterior-Other
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-TBD
Neighbourhood-Grafton
Title-Residential Freehold

No agent assigned

Welcome to Grafton Heights, an exciting new hillside community in the charming hamlet of Grafton, Ontario. The Birchmont offers approximately 1,620 sq. ft. of thoughtfully designed main-floor living, complemented by high-end finishes and the quality of a brand-new home, all set within an estate-style neighbourhood. This beautifully designed home offers 3 bedrooms, 2 full bathrooms, a spacious and inviting open-concept living area and an attached 2-car garage. The basement provides excellent additional space for storage or future living areas, offering the opportunity to further personalize the home to suit your lifestyle. Grafton Heights offers the best of both worlds: the peace and quiet of a small community with exceptional access to the amenities of the surrounding area. The 401 is just minutes away, while the vibrant lakeside community of Cobourg is approximately a 10-minute drive, offering shopping, restaurants, the beach, healthcare and a wide range of recreation and amenities. Closer to home, Grafton offers a welcoming small-community atmosphere with local coffee shops, both Catholic and public elementary schools, and the renowned St. Anne's Spa. Surrounded by the natural beauty of Northumberland County, Grafton Heights provides an ideal setting for those looking to enjoy the comfort and convenience of a new home while embracing a quieter pace of life. A wonderful opportunity to build new in one of Grafton's exciting emerging communities.

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

Closing Costs

Mortgage Amount
$783,200
Land Transfer Taxes$16,055
Legal Fees (Est.)
$
Total cash required for closing$213,355

Total Monthly Obligation

$4,324/mo
Mortgage $3,949
Monthly Loss $3,285
Principal$1,039
Interest$2,910
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.0%23
10-Year IRR
8.9%
Returns Index
12.9/ 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
$35,400/yr
NOI
$27,360/yr
Net Cash Flow
-$1,669/mo
Cash Margin
-56.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.9/ 100

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

Comparables

Properties near Lot 31 Ridgeline Drive

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.