292 Caroline Court, Faraday

$500,000
292 Caroline Court

$500,000

New
17d
DetachedBungalow

292 Caroline Court, Faraday

Total Monthly Obligation $2,651

HausQ Valuation Report
Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
17d
Score
20
Yield
5.3%
Cash on Cash
-1.8%
Cap Rate
4.2%
5Y IRR
14.1%
10Y IRR
13.5%
Property Type-Detached
MLS® Number-X13873804
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-100 × 78 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,111 (2026)
Parking-4 - None
Basement-None
Heating-Other (Wood)
Brokerage-ROYAL LEPAGE CREDIT VALLEY REAL ESTATE
Cooling-None
Laundry-No
Fireplace-Wood
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-TBD
Neighbourhood-Faraday
Title-Residential Freehold

No agent assigned

Discover tranquility at this stunning 3-season waterfront cottage on beautiful Trout Lake. Featuring a spacious open-concept design with 3 bedrooms and 1 bathroom, this home is filled with abundant natural light-perfect for relaxing and enjoying serene lakeside living. Whether you're seeking a peaceful retreat or a cozy getaway, this charming cottage offers everything you need for a idyllic escape.

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

Closing Costs

Mortgage Amount
$400,000
Land Transfer Taxes$6,475
Legal Fees (Est.)
$
Total cash required for closing$107,975

Total Monthly Obligation

$2,651/mo
Mortgage $2,017
Monthly Loss $2,120
Principal$531
Interest$1,486
Property Tax$259
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
9.8%34
10-Year IRR
10.4%
Returns Index
18.0/ 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
$26,400/yr
NOI
$16,149/yr
Net Cash Flow
-$671/mo
Cash Margin
-30.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
29.8/ 100

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

Comparables

Properties near 292 Caroline Court

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.