153 Bayfield Road, Goderich

$539,900
153 Bayfield Road

$539,900

New
8d
DetachedBungalow

153 Bayfield Road, Goderich

Total Monthly Obligation $2,870

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
8d
Score
20
Yield
5.1%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Detached
MLS® Number-X14085614
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-57.47 × 133.85 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,806.98 (2026)
Parking-5 - Carport
Basement-Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-Royal LePage Heartland Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick Veneer, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-Goderich (Town)
Title-Residential Freehold

No agent assigned

Charming 3 Bedroom Bungalow with Income Potential. Welcome to this inviting 3 bedroom bungalow featuring an open concept living room, dining room and kitchen, creating a comfortable living space for everyday living and entertaining. This home offers numerous upgrades throughout, including a beautifully updated main bathroom and an additional 3 - piece bathroom in the basement. Enjoy the convenience of the carport, shed, concrete driveway, and the patio doors leading to the back deck - perfect for relaxing or entertaining outdoors. Gather around the firepit and make the most of your backyard space. Major updates include a new furnace, central air conditioning, and water heater, all replaced in 2025 providing peace of mind.

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

Closing Costs

Mortgage Amount
$431,920
Land Transfer Taxes$7,273
Legal Fees (Est.)
$
Total cash required for closing$116,753

Total Monthly Obligation

$2,870/mo
Mortgage $2,178
Monthly Loss $2,297
Principal$573
Interest$1,605
Property Tax$317
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.2%30
10-Year IRR
10.0%
Returns Index
16.1/ 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
$27,600/yr
NOI
$16,533/yr
Net Cash Flow
-$800/mo
Cash Margin
-34.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo57
Risk Index
27.7/ 100

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

Comparables

Properties near 153 Bayfield Road

Time

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