51 French Street, Prince Edward County

$810,328
51 French Street

$810,328

New
16d
DetachedBungalow

51 French Street, Prince Edward County

Total Monthly Obligation $3,644

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
16d
Score
18
Yield
3.8%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.5%
Property Type-Detached
MLS® Number-X13881274
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-16.67 × 40.81 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Age-New
Parking-5 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-Re/Max Quinte Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-6mo from offer
Neighbourhood-Hallowell Ward
Title-Residential Freehold

No agent assigned

Discover the Oriole, one of the brand-new bungalow designs being introduced in West Meadows Trailside, the newest phase of West Meadows by Port Picton Homes. Trailside brings a fresh collection of homes to this established Picton community, with select homesites offering the added appeal of backing directly onto the Millennium Trail. Offering 1,945 sq ft, the Oriole is a spacious 2-bedroom, 2-bathroom bungalow with a separate office and 3-car attached garage. The heart of the home is the open kitchen and great room with a large centre island, walk-in pantry and plenty of room to gather. A separate dining room adds a more defined space for entertaining, while the primary suite is tucked away at the rear with its own walk-in closet and ensuite. A second bedroom, full bath, office and dedicated laundry room round out the main floor. West Meadows Trailside combines the ease of new construction with a location that makes it easy to enjoy Picton and the County. Walk or bike the Millennium Trail, head into Main Street for shops and restaurants or simply enjoy a neighbourhood designed with everyday living in mind. A new floorplan, a new phase and a new opportunity to call West Meadows home. [Ask for other floorplans available on this lot.]

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$648,262
Land Transfer Taxes$12,682
Legal Fees (Est.)
$
Total cash required for closing$176,248

Total Monthly Obligation

$3,644/mo
Mortgage $3,269
Monthly Loss $2,784
Principal$860
Interest$2,409
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.1%1
5-Year IRR
8.4%25
10-Year IRR
9.2%
Returns Index
13.9/ 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
$30,996/yr
NOI
$23,396/yr
Net Cash Flow
-$1,319/mo
Cash Margin
-51.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
22.7/ 100

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

Comparables

Properties near 51 French Street

Time

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