234 Cornell Drive, Central Elgin

$500,000
234 Cornell Drive

$500,000

New
8d
DetachedBungalow

234 Cornell Drive, Central Elgin

Total Monthly Obligation $2,720

HausQ Valuation Report
Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
8d
Score
24
Yield
6.4%
Cash on Cash
2.5%
Cap Rate
5.1%
5Y IRR
17.6%
10Y IRR
16.2%
Property Type-Detached
MLS® Number-X14084330
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-41.57 × 141.57 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,936.29 (2026)
Parking-2 - None
Basement-Crawl Space
Heating-Radiant (Gas)
Brokerage-EXP REALTY
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-flexible
Neighbourhood-Port Stanley
Title-Residential Freehold

No agent assigned

Imagine waking up in beautiful Port Stanley, where a leisurely stroll to the beach can become part of your everyday routine. Tucked away on a quiet street, this charming 3 bedroom, 1 bath bungalow invites you to slow down and savour life's simple pleasures. Enjoy morning coffee in the spacious eat-in kitchen or on the front porch, intimate dinners or hosting extended family in the separate dining room, and cozy evenings beside the glow of the gas fireplace. With the beach just a walk away, this is more than a house - it's an opportunity to embrace a lifestyle filled with warmth, charm, and lakeside magic. Investors and property buyers, the property offers a location that may appeal to those exploring long-term rental, personal-use, orvalue-add strategies.Updates:electrical 2022,new siding, windows, kitchen, flooring, electrical lights, ac, appliances, owned water heater2023

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$400,000
Land Transfer Taxes$6,475
Legal Fees (Est.)
$
Total cash required for closing$107,975

Total Monthly Obligation

$2,720/mo
Mortgage $2,017
Monthly Loss $2,189
Principal$531
Interest$1,486
Property Tax$328
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.6%3
5-Year IRR
12.9%57
10-Year IRR
12.9%
Returns Index
29.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$32,004/yr
NOI
$20,367/yr
Net Cash Flow
-$320/mo
Cash Margin
-12.0%0
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
31.5/ 100

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

Comparables

Properties near 234 Cornell Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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