1599 Cheevers Crescent, Orleans - Cumberland and Area

$429,900
1599 Cheevers Crescent

$429,900

New
6d
Condo Townhouse2-Storey

1599 Cheevers Crescent, Orleans - Cumberland and Area

Total Monthly Obligation $2,659

Beds
3
Baths
3
Park
1
Sqft
1200-1399
DOM
6d
Score
21
Yield
6.6%
Cash on Cash
-1.8%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Condo Townhouse
MLS® Number-X14090586
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 17, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,103.88 (2026)
Maintenance-$465.78/mo
Locker-None
Parking-2 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ONE PERCENT REALTY LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-Wood
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Possession-TBD
Neighbourhood-1105 - Fallingbrook/Pineridge
Title-Residential Condo & Other

No agent assigned

Fantastic 3-bedroom end-unit condo townhome with no rear neighbours, direct backyard access to a neighbourhood playground & visitor parking right beside the home! Nestled in a quiet, family-friendly enclave in the sought-after Fallingbrook community of Orléans, this nicely updated home offers an ideal combination of comfort, privacy & convenience. The bright and inviting main level features beautiful hardwood flooring in the main living areas, a spacious living room with a cozy wood-burning fireplace & a dedicated dining area with patio doors leading to the fully fenced backyard. The functional kitchen offers ample cabinetry, stainless steel appliances & plenty of counter space. A convenient powder room completes the main level. Upstairs, luxury vinyl flooring extends throughout all three bedrooms, including the spacious primary bedroom featuring a walk-in closet & private 2-piece ensuite. A well-appointed 4-piece bathroom completes the upper level. The lower level provides additional living space with a spacious recreation room, den, laundry area & ample storage. Step outside to the fully fenced backyard featuring an interlock patio, perfect for relaxing, entertaining or enjoying summer BBQs. A backyard gate provides direct access to the neighbourhood playground, currently being completely renovated to offer a brand-new play area for children to enjoy! Explore the virtual tour & book your private showing today!

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

Closing Costs

Mortgage Amount
$343,920
Land Transfer Taxes$5,073
Legal Fees (Est.)
$
Total cash required for closing$92,553

Total Monthly Obligation

$2,659/mo
Mortgage $1,734
Monthly Loss $2,202
Principal$456
Interest$1,278
Property Tax$259
Condo Fees$466
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.1%1
5-Year IRR
10.3%37
10-Year IRR
11.0%
Returns Index
19.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$14,287/yr
Net Cash Flow
-$544/mo
Cash Margin
-23.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
29.9/ 100

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

Comparables

Properties near 1599 Cheevers Crescent

Time

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