51 Welkin Grove, North Bay

$1,149,000
51 Welkin Grove

$1,149,000

New
9d
DetachedBungalow

51 Welkin Grove, North Bay

Total Monthly Obligation $5,827

Beds
3
Baths
2
Park
4
Sqft
2000-2500
DOM
9d
Score
15
Yield
3.7%
Cash on Cash
-9.4%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.8%
Property Type-Detached
MLS® Number-X14033344
Beds-3
Bathrooms-2
Size-2000-2500 sqft
Lot Size-56.73 × 102.42 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Age-0-5
Taxes-$9,812.17 (2025)
Parking-6 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-Century 21 Blue Sky Region Realty Inc., Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Inground
Facing-East
Exterior-Stone, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Slab
Sewer-Sewer
Possession-Flexible
Neighbourhood-Airport
Title-Residential Freehold

No agent assigned

Welcome to this exceptional custom-built bungalow, built in 2022 by the highly respected A & J Ferreira Homes LTD. Offering over 2,000 sq. ft. of thoughtfully designed living space, this stunning slab-on-grade home blends luxury, comfort, accessibility, and modern style. The bright open-concept living, dining, and kitchen area is filled with natural light and provides convenient walkout access to the beautifully landscaped backyard. The chef-inspired kitchen features integrated refrigerator and dishwasher panels, a built-in double oven, gas cooktop, range hood, pot filler, and built-in microwave drawer. Designed for year-round comfort, the home offers in-floor radiant heating, a forced-air gas heating and cooling system, and an upgraded air filtration system. The spacious primary suite features a cozy gas fireplace and an accessible ensuite with a barrier-free shower and accessible vanity. Two additional bedrooms include custom built-in Murphy beds, providing flexible space for guests, a home office, or everyday living. The insulated double-car garage is equipped with its own heating unit, professionally coated floors, a built-in drainage system, and waterproof Trusscore wall panels. Additional features include privacy-enhanced windows, central vacuum, an irrigation system, and permanent exterior lighting with customizable colours and settings. Step outside to your private backyard oasis, complete with a beautifully finished in-ground pool, professional landscaping, and a separate grass area perfect for gardening, pets, outdoor enjoyment. The insulated pool mechanical out building is equipped with its own dedicated electrical panel adding convenience and functionality. Built with accessibility in mind without compromising style, this meticulously crafted home offers exceptional quality, thoughtful upgrades, and truly turnkey living.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$919,200
Land Transfer Taxes$19,455
Legal Fees (Est.)
$
Total cash required for closing$250,755

Total Monthly Obligation

$5,827/mo
Mortgage $4,635
Monthly Loss $4,608
Principal$1,220
Interest$3,415
Property Tax$818
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.1%
Returns Index
7.4/ 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
$42,000/yr
NOI
$23,488/yr
Net Cash Flow
-$2,677/mo
Cash Margin
-76.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.8/ 100

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

Comparables

Properties near 51 Welkin Grove

Time

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