428 Boundary Road, Sault Ste Marie

$299,000
428 Boundary Road

$299,000

New
15d
DetachedBungalow

428 Boundary Road, Sault Ste Marie

Total Monthly Obligation $1,910

Beds
3
Baths
3
Park
4
Sqft
700-1100
DOM
15d
Score
30
Yield
8.4%
Cash on Cash
8.2%
Cap Rate
6.4%
5Y IRR
22.2%
10Y IRR
20.1%
Property Type-Detached
MLS® Number-X13888698
Beds-3
Bathrooms-3
Size-700-1100 sqft
Lot Size-70.7 ft (front)
Listed on site-Oct 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,948 (2026)
Parking-Detached
Basement-Full
Heating-Forced Air (Gas)
Brokerage-Century 21 Choice Realty Inc.
Cooling-Other
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding, Aluminum Siding
Roof-Metal
Foundation-Poured Concrete
Sewer-Sewer
Neighbourhood-Ward 1
Title-Residential Freehold

No agent assigned

Introducing 428 Boundary Road A Charming 3-Bedroom Bungalow Close to All Amenities! This three-bedroom / three bathrooms home offers a range of valuable updates for comfortable everyday living. The home features durable metal roofing on both the house and 16x24 garage, newer windows throughout, and a 14x15 rear enclosed sun deck—an ideal space to enjoy additional comfort and privacy. Recent improvements include a high-efficiency natural gas furnace /Central Air and a newer gas hot water tank, adding to the home’s convenience and efficiency. With its appealing updates and convenient location close to amenities, this property is truly worth seeing. The property is being sold in “as-is” condition due to an estate sale.

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

Closing Costs

Mortgage Amount
$239,200
Land Transfer Taxes$2,960
Legal Fees (Est.)
$
Total cash required for closing$64,260

Total Monthly Obligation

$1,910/mo
Mortgage $1,206
Monthly Loss $1,593
Principal$317
Interest$889
Property Tax$329
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.8%35
Cash-on-Cash
-0.4%7
5-Year IRR
15.6%75
10-Year IRR
15.2%
Returns Index
39.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 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
$25,200/yr
NOI
$14,232/yr
Net Cash Flow
-$20/mo
Cash Margin
-1.0%4
Cash Flow Index
3.9/ 100
Risk Profile
Weight: 20%
DSCR
0.9826
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo83
Risk Index
42.2/ 100

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

Comparables

Properties near 428 Boundary Road

Time

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