3 Parkside Drive, Tillsonburg

$599,000
3 Parkside Drive

$599,000

New
4d
Detached2-Storey

3 Parkside Drive, Tillsonburg

Total Monthly Obligation $3,065

Beds
3
Baths
3
Park
4
Sqft
1100-1500
DOM
4d
Score
20
Yield
5.2%
Cash on Cash
-1.4%
Cap Rate
4.3%
5Y IRR
14.4%
10Y IRR
13.7%
Property Type-Detached
MLS® Number-X14092426
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-60.16 × 120.32 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,291.34 (2026)
Parking-5 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-BAY STREET GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block, Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Tillsonburg
Title-Residential Freehold

No agent assigned

Welcome to 3 Parkside Drive, a fully renovated 3-bedroom, 3-bathroom home in the highly sought-after Glendale neighbourhood. Situated on an impressive 60' x 120' corner lot, this exceptional property is literally a 2-minute walk to Glendale High School, with parks, the community centre, and everyday amenities just moments away.Designed for modern family living, the main floor features a spacious living room, a separate sitting room with a built-in bar, and a beautifully renovated kitchen complete with quartz countertops, custom cabinetry, and brand-new stainless steel appliances.The upper level offers two generous bedrooms, while the finished basement provides a third bedroom, a full bathroom, and additional living space ideal for guests, teenagers, or extended family.Every detail has been thoughtfully curated, featuring engineered hardwood flooring, pot lighting throughout, all new windows (2019), beautifully renovated bathrooms, premium finishes, and a bright, contemporary design.Step outside to your huge private backyard, complete with a brand-new deck, a new fully fenced yard, and endless space for entertaining, children, pets, or future possibilities.Complete with an attached garage, this turnkey home offers the perfect combination of style, space, and location in one of Glendale's most desirable family neighbourhoods.

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

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,065/mo
Mortgage $2,416
Monthly Loss $2,430
Principal$636
Interest$1,780
Property Tax$274
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.7%2
5-Year IRR
10.4%38
10-Year IRR
10.9%
Returns Index
20.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$31,356/yr
NOI
$20,429/yr
Net Cash Flow
-$714/mo
Cash Margin
-27.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
27.0/ 100

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

Comparables

Properties near 3 Parkside Drive

Time

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