56 Leenders Lane, Erin

$1,975,000
56 Leenders Lane

$1,975,000

New
9d
DetachedBungalow

56 Leenders Lane, Erin

Total Monthly Obligation $9,222

Beds
5
Baths
4
Park
10
Sqft
2500-3000
DOM
9d
Score
15
Yield
3.2%
Cash on Cash
-9.6%
Cap Rate
2.5%
5Y IRR
8.0%
10Y IRR
8.7%
Property Type-Detached
MLS® Number-X14031210
Beds-5
Bathrooms-4
Size-2500-3000 sqft
Lot Size-115.88 × 311.81 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$10,567.89 (2026)
Parking-12 - Attached
Basement-Finished, Walk-Up
Heating-Forced Air (Gas)
Brokerage-HOMELIFE/ROMANO REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-To Be Arranged
Neighbourhood-Erin
Title-Residential Freehold

No agent assigned

Truly Exceptional Executive Bungalow in an Exclusive Estate Community nestled on a premium one-acre lot at the end of a quiet cul-de-sac. This impressive residence offers approximately 5,000 square feet of elegant living space, delivering luxury, privacy, and refined craftsmanship against a backdrop of scenic farmland. Beautiful landscaping, mature trees, manicured gardens, oversized accent stones, and a waterfall pond create a picturesque setting. The interior boasts custom millwork, crown moulding, oversized baseboards and trim, architectural columns and a spectacular soaring cathedral ceiling in the living room. Highlights include 9-ft ceilings throughout the home, a built-in living room wall unit, three gas fireplaces and wide-plank engineered white oak flooring in the kitchen, living room, primary bedroom and hallway. The renovated kitchen features Neolith countertops imported from Spain, an expansive island with generous storage with push-to-open cabinetry on the back, and premium Bertazzoni appliances imported from Italy. The spacious primary bedroom retreat offers a large walk-in closet and an updated spa-like 5-piece ensuite with quartzite countertops and the added convenience of dual sinks. A renovated laundry room features patterned tile flooring, a quartz countertop, shelving and direct garage access. The finished lower level offers, two additional bedrooms, two full bathrooms, a spacious recreation room and a separate walk-up entrance to the garage. Outdoors, an expanded patio, dedicated fenced dog park and saltwater hot tub enhance the private grounds. A matching detached shed/workshop with electrical service offers added versatility. Further features include, solar panels enrolled in Hydro One's residential Net Metering program, a new owned tankless water heater, whole-home audio with speakers extending to the back patio, and an EV plug. An attached two-car garage and long interlock brick driveway provide parking for over 10 vehicles. Shows 10+++

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

Closing Costs

Mortgage Amount
$1,580,000
Land Transfer Taxes$35,975
Legal Fees (Est.)
$
Total cash required for closing$432,475

Total Monthly Obligation

$9,222/mo
Mortgage $7,967
Monthly Loss $7,126
Principal$2,096
Interest$5,870
Property Tax$881
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
5.7%13
10-Year IRR
7.2%
Returns Index
7.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$63,600/yr
NOI
$42,172/yr
Net Cash Flow
-$4,452/mo
Cash Margin
-84.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo17
Risk Index
13.1/ 100

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

Comparables

Properties near 56 Leenders Lane

Time

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