116 Heritage Place, Cornwall

$419,900
116 Heritage Place

$419,900

New
7d
Att/Row/Townhouse2-Storey

116 Heritage Place, Cornwall

Total Monthly Obligation $2,354

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
7d
Score
25
Yield
6.7%
Cash on Cash
3.5%
Cap Rate
5.3%
5Y IRR
18.4%
10Y IRR
16.9%
Property Type-Att/Row/Townhouse
MLS® Number-X14087988
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-20.18 × 123.98 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$3,420 (2025)
Parking-3 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-717 - Cornwall
Title-Residential Freehold

No agent assigned

Freehold townhouse (no condo fees), fully renovated and ready to move in. 116 Heritage Place is a brick 3-bedroom, 1.5-bath home with an attached garage and inside entry, parking for 3, and a deep, private backyard with no rear neighbours.Every room has been updated: new luxury vinyl flooring, fresh neutral paint, pot lights and crown moulding throughout. The brand-new kitchen has crisp white cabinetry, black hardware, plenty of counter space and a sunny eat-in area. It opens to a bright living and dining room with a cozy fireplace and large windows.Upstairs, the oversized primary bedroom (15'6" x 16'11") is a true retreat, and two good-sized secondary bedrooms suit kids, guests or a home office.The finished lower level adds a den for working from home, a separate rec room for a gym, playroom or media room, and a spacious laundry room.Patio doors lead to the deck and a private backyard made for barbecues, gardening and play. An oversized shed with loft gives you storage or a ready-made workshop.Interlock walkway, landscaped front gardens and central air. Minutes to Hwy 401, shopping, schools and Cornwall's growing business park. A great fit for first-time buyers, growing families, downsizers who want a freehold home without condo fees, and commuters looking for more home for their money.Vacant and easy to show, with flexible possession. Book your private viewing today.

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

Closing Costs

Mortgage Amount
$335,920
Land Transfer Taxes$4,873
Legal Fees (Est.)
$
Total cash required for closing$90,353

Total Monthly Obligation

$2,354/mo
Mortgage $1,694
Monthly Loss $1,908
Principal$446
Interest$1,248
Property Tax$285
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%28
Cash-on-Cash
-3.2%4
5-Year IRR
13.2%59
10-Year IRR
13.2%
Returns Index
30.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$28,200/yr
NOI
$17,460/yr
Net Cash Flow
-$239/mo
Cash Margin
-10.2%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.8617
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo70
Risk Index
35.1/ 100

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

Comparables

Properties near 116 Heritage Place

Time

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