13922 County Road 2 Road, Cramahe

$698,000
13922 County Road 2 Road

$698,000

New
3d
DetachedBacksplit 3

13922 County Road 2 Road, Cramahe

Total Monthly Obligation $3,449

Beds
3
Baths
1
Park
5
Sqft
2500-3000
DOM
3d
Score
17
Yield
4.0%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-X14096926
Beds-3
Bathrooms-1
Size-2500-3000 sqft
Lot Size-150 × 289 ft
Listed on site-Oct 20, 2026
Style-Backsplit 3
Building Type-Detached
Taxes-$3,104.36 (2026)
Parking-6 - Attached
Basement-Partial Basement, Unfinished
Heating-Heat Pump (Electric)
Brokerage-RE/MAX Rouge River Realty Ltd.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Board & Batten , Vinyl Siding
Roof-Metal, Asphalt Shingle
Foundation-Concrete Block, Unknown
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural Cramahe
Title-Residential Freehold

No agent assigned

A rare opportunity to own a piece of Cramahe Township history, thoughtfully transformed for modern living. Once home to Salem's one-room schoolhouse, this truly distinctive property blends the character of its past with the warmth and functionality of a comfortable three-bedroom home, all set on a beautifully maintained one-acre property between Colborne and Brighton. The original schoolhouse is undoubtedly the showpiece. Taken back to the studs, insulated, drywalled and completely renovated, this remarkable room retains its exposed original beams and a soaring ceiling. At the same time, a thoughtfully incorporated loft adds architectural interest and valuable additional space. With its own ductless heat pump, the former classroom offers exceptional flexibility as a dramatic living and entertaining space, creative studio, library, inspiring home office or workspace. The split-level addition provides a cozy and practical separation of living spaces. The inviting primary bedroom features a built-in dresser flanked by closets, along with an additional closet for generous storage. The spacious eat-in kitchen offers abundant counter space and bar seating, while the adjoining living room provides a comfortable place to gather. A full bathroom completes this level, with two additional bedrooms located upstairs. The unfinished basement beneath the addition is presently used as a workshop and provides valuable space for projects and storage. The property also features a garage, Steel roof (2026) and an energy-efficient heat-pump system (2025). Outside, the approximately one-acre lot has been lovingly landscaped with established perennial gardens and inviting outdoor spaces. Only 5 minutes to the 401 and 1 minute from Lake Ontario. Full of warmth, history and personality, this is far more than an ordinary country home-it is a special piece of Salem's story, ready for its next chapter. The Salem Schoolhouse is officially ready for class!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$558,400
Land Transfer Taxes$10,435
Legal Fees (Est.)
$
Total cash required for closing$151,535

Total Monthly Obligation

$3,449/mo
Mortgage $2,816
Monthly Loss $2,708
Principal$741
Interest$2,075
Property Tax$259
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.8%1
5-Year IRR
7.1%19
10-Year IRR
8.3%
Returns Index
10.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$27,900/yr
NOI
$17,506/yr
Net Cash Flow
-$1,357/mo
Cash Margin
-58.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.1/ 100

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

Comparables

Properties near 13922 County Road 2 Road

Time

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