32 Alnet Drive, Belleville

$525,000
32 Alnet Drive

$525,000

New
7d
DetachedBungalow-Raised

32 Alnet Drive, Belleville

Total Monthly Obligation $2,811

Beds
4
Baths
2
Park
5
Sqft
700-1100
DOM
7d
Score
24
Yield
6.3%
Cash on Cash
2.6%
Cap Rate
5.1%
5Y IRR
17.6%
10Y IRR
16.3%
Property Type-Detached
MLS® Number-X14085634
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-50 × 140 ft
Listed on site-Oct 16, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$3,825 (2025)
Parking-5 - None
Basement-Full, Partially Finished, Walk-Up, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-Royal LePage Our Neighbourhood Realty
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediately
Neighbourhood-Belleville Ward
Title-Residential Freehold

No agent assigned

Welcome to this well-maintained detached raised bungalow in Belleville's desirable Belleville Ward neighbourhood. Offering 3 bedrooms and 1 bathroom on the main level, this home features a bright and inviting open-concept living and dining area complete with a beautiful bay window and walkout to a spacious west-facing deck, perfect for entertaining. The fully finished lower level offers exceptional versatility with a large family room featuring a cozy natural gas fireplace surrounded by solid oak cabinetry. Above-grade windows provide an abundance of natural light, creating a warm and comfortable living space. A fourth bedroom offers flexibility for a home office, guest room, or hobby space to suit your family's needs. With a separate entrance and a 3-piece bathroom already in place, the lower level presents excellent potential for an in-law suite or multi-generational living arrangement by completing the unfinished area with a kitchen. Outside, you'll appreciate the large west-facing backyard, best enjoyed from the expansive deck. Parking for approximately five vehicles is a rare and valuable feature, providing ample space for family and guests. Quick closing available. Move in before the holidays and give yourself the gift of homeownership this holiday season. Seller is able to accommodate a quick Closing if needed.

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

Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$2,811/mo
Mortgage $2,118
Monthly Loss $2,254
Principal$557
Interest$1,560
Property Tax$319
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.3%3
5-Year IRR
13.1%58
10-Year IRR
13.0%
Returns Index
30.1/ 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
$33,300/yr
NOI
$21,645/yr
Net Cash Flow
-$314/mo
Cash Margin
-11.3%1
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8517
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
31.0/ 100

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

Comparables

Properties near 32 Alnet Drive

Time

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