18 First Avenue, Norfolk

$549,000
18 First Avenue

$549,000

New
8d
Att/Row/Townhouse2-Storey

18 First Avenue, Norfolk

Total Monthly Obligation $2,668

Beds
3
Baths
2
Park
1
Sqft
1500-2000
DOM
8d
Score
26
Yield
6.1%
Cash on Cash
4.2%
Cap Rate
5.5%
5Y IRR
18.9%
10Y IRR
17.4%
Property Type-Att/Row/Townhouse
MLS® Number-X14086080
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-24.02 × 98.55 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-New
Taxes-$945.29 (2026)
Parking-2 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Stucco (Plaster), Vinyl Siding
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible - Based on build date
Neighbourhood-Simcoe
Title-Residential Freehold

No agent assigned

Start your homeownership journey with this to-be-built townhome in the welcoming community of Simcoe. Thoughtfully designed for modern living, this two-storey home offers 3 bedrooms and 1.5 bathrooms, making it an excellent opportunity for first-time buyers, young families, or anyone looking to enter the new-build market. The main floor features a bright open-concept kitchen and living area, ideal for everyday living and entertaining. You'll also appreciate the convenience of main-floor laundry and a 2-piece bathroom, creating a functional layout designed for busy lifestyles. Upstairs, three generously sized bedrooms provide plenty of space, including a spacious primary bedroom with two walk-in closets. Modern flooring and trim flow throughout the home, adding a clean, contemporary feel. A single attached garage offers additional storage and everyday convenience, while the unfinished basement provides future potential to customize the space to suit your needs. Located with easy access to Ontario Highway 24, commuting is simple for those travelling to Brantford and surrounding communities for work. At the same time, you'll enjoy being just minutes from Simcoe's local amenities, shops, and popular restaurants, giving you the perfect balance of small-town comfort and everyday convenience. Built by trusted local builder Keesmaat Homes, this townhome offers quality craftsmanship and the exciting opportunity to be part of a growing neighbourhood. Don't miss your chance to begin your new home build in Simcoe today.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$439,200
Land Transfer Taxes$7,455
Legal Fees (Est.)
$
Total cash required for closing$118,755

Total Monthly Obligation

$2,668/mo
Mortgage $2,215
Monthly Loss $2,086
Principal$583
Interest$1,632
Property Tax$79
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.5%5
5-Year IRR
14.4%67
10-Year IRR
14.1%
Returns Index
35.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$33,600/yr
NOI
$24,795/yr
Net Cash Flow
-$148/mo
Cash Margin
-5.3%2
Cash Flow Index
1.7/ 100
Risk Profile
Weight: 20%
DSCR
0.9322
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
33.7/ 100

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

Comparables

Properties near 18 First Avenue

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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Data last updated within the past 24 hours.