856 Iroquois Road, McKellar Heights - Glabar Park and Area

$650,000
856 Iroquois Road

$650,000

New
7d
DetachedBungalow

856 Iroquois Road, McKellar Heights - Glabar Park and Area

Total Monthly Obligation $3,484

Beds
4
Baths
3
Park
2
Sqft
700-1100
DOM
7d
Score
19
Yield
5.2%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.7%
Property Type-Detached
MLS® Number-X14086038
Beds-4
Bathrooms-3
Size-700-1100 sqft
Lot Size-63.75 × 118 ft
Listed on site-Oct 16, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,838.99 (2026)
Parking-2 - None
Basement-Finished, Apartment
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-5201 - McKellar Heights/Glabar Park
Title-Residential Freehold

No agent assigned

Charming brick bungalow situated on a generous 63.75' x 118' lot in an established neighbourhood near Carlingwood and Glabar Park, within walking distance of shopping, restaurants, public transit and numerous everyday amenities along Carling Avenue. This versatile property offers a functional layout with a SEPERATE SIDE ENTRANCE leading directly to the lower level, providing excellent potential for an accessory apartment or in-law suite. The main floor features hardwood flooring, an open-concept living and dining room, three bedrooms, a kitchen and a full bathroom. The open living and dining areas provide a comfortable space for everyday living and entertaining. The lower level offers additional living space with its own kitchen, living room, bedroom and full bathroom, making it a practical option for extended family, multigenerational living or those seeking separate living arrangements. A shared laundry room, conveniently accessible to both levels, also features an additional powder room. The utility room provides valuable additional storage space. Outside, the property offers parking for two vehicles, a front porch/deck at the main entrance and a separate side deck adjacent to the private side entrance. The sizeable lot provides generous outdoor space and adds to the overall appeal of the property. Notable updates include the furnace (2022), basement carpeting (2026) and interior painting throughout the home, with the exception of one room (2026). Roof shingles replaced in 2009. Conveniently located close to Carlingwood Shopping Centre, neighbourhood parks, schools, shopping, restaurants and public transit, with easy access to Carling Avenue and surrounding amenities. An excellent opportunity to own a brick bungalow offering four bedrooms, two kitchens, two full bathrooms, an additional powder room and flexible living arrangements in a well-established and convenient location. Some pictures are virtually staged.24 hours irrevocable on offer.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$520,000
Land Transfer Taxes$9,475
Legal Fees (Est.)
$
Total cash required for closing$140,975

Total Monthly Obligation

$3,484/mo
Mortgage $2,622
Monthly Loss $2,794
Principal$690
Interest$1,932
Property Tax$487
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%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
19/ 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
$33,840/yr
NOI
$20,117/yr
Net Cash Flow
-$946/mo
Cash Margin
-33.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
23.8/ 100

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

Comparables

Properties near 856 Iroquois Road

Time

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