5 Elgin Street N, Cramahe

$689,000
5 Elgin Street N

$689,000

New
16d
Detached2-Storey

5 Elgin Street N, Cramahe

Total Monthly Obligation $3,400

Beds
3
Baths
1
Park
6
Sqft
1500-2000
DOM
16d
Score
20
Yield
4.9%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Detached
MLS® Number-X13870912
Beds-3
Bathrooms-1
Size-1500-2000 sqft
Lot Size-65.85 × 98.94 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,952 (2026)
Parking-6 - None
Basement-Crawl Space, Partially Finished
Heating-Forced Air (Gas)
Brokerage-Re/Max Hallmark First Group Realty Ltd.
Cooling-Window Unit(s)
Laundry-No
Fireplace-Wood Stove
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Unknown
Sewer-Sewer
Possession-Tbd
Neighbourhood-Colborne
Title-Residential Freehold

No agent assigned

Welcome to 5 Elgin Street North, Colborne: a home made for living, growing & making memories! Imagine coming home, dropping backpacks in the mudroom, gathering in the kitchen for dinner & ending the day with a relaxing soak in the hot tub. Thoughtfully updated & filled with warmth and character, this inviting home offers the space, comfort & lifestyle a young family will love.Set on a large corner lot, the freshly painted home features custom cabinetry & thoughtful details throughout. The bright, welcoming kitchen is perfect for the chef in the family and the everyday coming and going of family life. A roughed-in fully plumbed powder room is ready for your choice of fixtures.The main living spaces are warm & inviting, with a wood-burning fireplace creating the perfect gathering spot for cozy evenings. Upstairs, the spacious primary bedroom offers a peaceful retreat with custom cabinetry & a Napoleon fireplace, while two additional bedrooms provide plenty of room for children, guests or a home office. A shared family bathroom & convenient upper-level laundry make busy family mornings that much easier. Outside, the backyard is where this home truly shines. Enjoy family lunches on the large two-tier deck, cool off in the stock tank pool, or unwind in the 7-seat hot tub. A recreational pond, mature native gardens, drought-friendly landscaping and premium self-draining Rymar turf create a beautiful outdoor setting with less time spent on maintenance. Fully fenced & private, there's room for kids, pets and plenty of summer memories.The 11' x 24' insulated workshop, complete with heat, air conditioning its own electrical panel, offers a fantastic space for hobbies, projects or extra storage. A paved driveway provides parking for six. Extensive updates make for stress free living.Just a short walk to downtown Colborne, this is small-town living with everyday convenience is a place where you can put down roots, let the kids grow, and truly enjoy your home.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$551,200
Land Transfer Taxes$10,255
Legal Fees (Est.)
$
Total cash required for closing$149,555

Total Monthly Obligation

$3,400/mo
Mortgage $2,779
Monthly Loss $2,669
Principal$731
Interest$2,048
Property Tax$246
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-6.9%1
5-Year IRR
10.1%36
10-Year IRR
10.7%
Returns Index
19.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$33,900/yr
NOI
$23,058/yr
Net Cash Flow
-$858/mo
Cash Margin
-30.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
24.8/ 100

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

Comparables

Properties near 5 Elgin Street N

Time

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Data last updated within the past 24 hours.