22 Queensway Drive, Strathroy-Caradoc

$619,900
22 Queensway Drive

$619,900

New
4d
Detached2-Storey

22 Queensway Drive, Strathroy-Caradoc

Total Monthly Obligation $3,208

Beds
4
Baths
3
Park
2
Sqft
2000-2500
DOM
4d
Score
19
Yield
5.0%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X14099346
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-45.82 × 129.39 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$3,989 (2025)
Parking-3 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60-90 Days
Neighbourhood-SE
Title-Residential Freehold

No agent assigned

Welcome to 22 Queensway Drive! This immaculate, move-in-ready 2-storey home offers 4 spacious bedrooms, 2.5 bathrooms, and a bright, open-concept layout designed for comfortable family living and entertaining. Step inside to a welcoming main floor featuring beautiful engineered stone tile throughout. The spacious kitchen offers plenty of room to gather, along with a convenient walk-in pantry and an open flow into the living area. A custom IKEA built-in front closet, valued at approximately$3,000, adds both style and excellent storage. Patio doors off the kitchen lead to an impressive 20' x 30' deck and fully fenced backyard-an ideal space for summer BBQs, entertaining friends, or simply relaxing outdoors. Upstairs you'll find four generous bedrooms, including a spacious primary bedroom with its own private 3-piece ensuite. Second-floor laundry adds everyday convenience and keeps everything right where you need it. This spotless home also includes 7 appliances and an 8' x 10' storage shed. Conveniently located close to Highway 402, shopping, restaurants, and everyday amenities. Flexible closing is available-move in immediately or choose a date that works for you. A beautifully maintained home with plenty of space inside and out-just unpack and enjoy!

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

Closing Costs

Mortgage Amount
$495,920
Land Transfer Taxes$8,873
Legal Fees (Est.)
$
Total cash required for closing$134,353

Total Monthly Obligation

$3,208/mo
Mortgage $2,501
Monthly Loss $2,550
Principal$658
Interest$1,843
Property Tax$332
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%19
Cash-on-Cash
-7.8%1
5-Year IRR
9.5%32
10-Year IRR
10.2%
Returns Index
17.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$31,200/yr
NOI
$19,591/yr
Net Cash Flow
-$868/mo
Cash Margin
-33.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
25.5/ 100

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

Comparables

Properties near 22 Queensway Drive

Time

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