56 Cortland Terrace, St. Thomas

$569,777
56 Cortland Terrace

$569,777

New
9d
Att/Row/Townhouse2-Storey

56 Cortland Terrace, St. Thomas

Total Monthly Obligation $3,008

Beds
4
Baths
4
Park
2
Sqft
1500-2000
DOM
9d
Score
19
Yield
5.6%
Cash on Cash
-0.6%
Cap Rate
4.4%
5Y IRR
15.1%
10Y IRR
14.2%
Property Type-Att/Row/Townhouse
MLS® Number-X14031596
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-21 × 103.35 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,011.24 (2026)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

Beautifully designed 4-bedroom, 4-bathroom freehold townhome in St. Thomas! Featuring a bright open-concept layout, modern kitchen with center island, spacious living and dining areas, primary suite with walk-in closet and ensuite, second-floor laundry, and a fully finished lower level with an additional bedroom, full bath, and a versatile living space ideal for a family room, home office, or guest retreat. Complete with an attached garage, private driveway (total 3 car parking), deck, and backyard, all conveniently located near schools, parks, shopping, trails, and major routes. Move-in ready and perfect for modern family living!

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

Closing Costs

Mortgage Amount
$468,585($12,763 CMHC)
Land Transfer Taxes$7,871
Legal Fees (Est.)
$
Total cash required for closing$123,326

Total Monthly Obligation

$3,072/mo
Mortgage $2,363
Monthly Loss $2,450
Principal$622
Interest$1,741
Property Tax$334
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%23
Cash-on-Cash
-6.7%2
5-Year IRR
9.2%30
10-Year IRR
10.6%
Returns Index
17.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$31,800/yr
NOI
$20,109/yr
Net Cash Flow
-$687/mo
Cash Margin
-25.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
82.2%14
Vacancy Buffer
3.1 mo52
Risk Index
25.5/ 100

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

Comparables

Properties near 56 Cortland Terrace

Time

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