359 Axis Way, Orleans - Convent Glen and Area

$493,500
359 Axis Way

$493,500

New
8d
Condo TownhouseStacked Townhouse

359 Axis Way, Orleans - Convent Glen and Area

Total Monthly Obligation $2,802

Beds
3
Baths
3
Park
2
Sqft
1200-1399
DOM
8d
Score
20
Yield
5.6%
Cash on Cash
-3.4%
Cap Rate
3.8%
5Y IRR
12.8%
10Y IRR
12.4%
Property Type-Condo Townhouse
MLS® Number-X14081838
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 15, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$3,762.41 (2025)
Maintenance-$298.27/mo
Locker-None
Parking-2 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Other
Possession-TBA
Neighbourhood-2013 - Mer Bleue/Bradley Estates/Anderson Park
Title-Residential Condo & Other

No agent assigned

Rarely offered Richcraft 3-bedroom, 3-bathroom upper-level condo with 2 parking spaces in sought-after Trailsedge! Nestled in a quiet Orléans neighbourhood, this bright and spacious open-concept home is filled with natural light and showcases 9-foot ceilings, gleaming hardwood floors, California shutters, and a thoughtfully designed layout. The stylish kitchen features crisp white cabinetry, quartz countertops, stainless steel appliances, and an extended island with seating that overlooks the inviting living and dining area. Step out from the living room onto your private balcony, perfect for relaxing or entertaining. The main level is completed by a convenient partial bathroom and a versatile nook ideal for a home office. Upstairs, you'll find a generous primary bedroom with a wall of closet and its own 3 piece ensuite, two well-sized secondary bedrooms, a full bathroom, and a dedicated laundry area. Low maintenance fees include snow removal, exterior landscaping and grass cutting, bike storage and general upkeep. Enjoy being surrounded by parks, nature trails, and bike paths, while still just minutes from shopping, amenities, and transit.

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

Closing Costs

Mortgage Amount
$394,800
Land Transfer Taxes$6,345
Legal Fees (Est.)
$
Total cash required for closing$106,545

Total Monthly Obligation

$2,802/mo
Mortgage $1,991
Monthly Loss $2,279
Principal$524
Interest$1,467
Property Tax$314
Condo Fees$298
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.3%31
10-Year IRR
10.1%
Returns Index
16.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,744/yr
NOI
$15,228/yr
Net Cash Flow
-$722/mo
Cash Margin
-31.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
28.2/ 100

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

Comparables

Properties near 359 Axis Way

Time

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