99 Magnolia Drive, Norfolk

$930,000
99 Magnolia Drive

$930,000

New
3d
DetachedBungalow

99 Magnolia Drive, Norfolk

Total Monthly Obligation $4,643

Beds
5
Baths
2
Park
4
Sqft
1500-2000
DOM
3d
Score
16
Yield
3.9%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Detached
MLS® Number-X14099574
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-40.49 × 200 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Age-6-15
Taxes-$6,201 (2026)
Parking-6 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-No
Fireplace-Family Room
Pool-None
Facing-South
Exterior-Brick Front, Brick Veneer
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Port Dover
Title-Residential Freehold

No agent assigned

Welcome to 99 Magnolia Drive , an exceptional bungalow tucked away on a **quiet, sought-after cul-de-sac in beautiful Port Dover**-the kind of street where homes are rarely available and buyers love to be. Well maintained by its original owners, this impressive home offers comfortable one-level living with a bright, spacious layout, beautiful natural light, and pride of ownership evident throughout. Approximately 2900 sq.ft. of total finished living space. The main floor features 3 generous bedrooms and 2 full bathrooms, including a primary bedroom with its own private ensuite. Large windows and a beautiful **skylights** fill the home with natural light, creating a warm and welcoming atmosphere. At the heart of the home is the spacious kitchen, complete with granite countertops, a large centre island, ample cabinetry and plenty of workspace perfect for everyday living and entertaining. Hardwood flooring throughout the main living areas adds warmth and timeless character. Main-floor laundry, along with an abundance of storage space, making this an excellent option for families, downsizers and retirees looking for true one-floor living. Step outside and enjoy the **beautiful, private backyard**, offering plenty of space to relax, entertain, garden or simply enjoy the peaceful surroundings. The quiet cul-de-sac setting provides an added sense of privacy with minimal through traffic. Ideally located in one of Port Dover's desirable residential pockets, you're just minutes from **Lake Erie, Port Dover Beach, the marina, downtown shops, restaurants, parks and everyday amenities**, while still enjoying the tranquility of a peaceful neighbourhood. Original-owner homes on quiet streets like this don't come along often. Whether you're looking for your forever home, downsizing without sacrificing space, or simply wanting to enjoy the relaxed Port Dover lifestyle, 99 Magnolia Drive is a home you'll want to experience in person.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$744,000
Land Transfer Taxes$15,075
Legal Fees (Est.)
$
Total cash required for closing$202,575

Total Monthly Obligation

$4,643/mo
Mortgage $3,751
Monthly Loss $3,656
Principal$987
Interest$2,764
Property Tax$517
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.7%0
5-Year IRR
6.5%16
10-Year IRR
7.8%
Returns Index
9.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$36,000/yr
NOI
$21,699/yr
Net Cash Flow
-$1,943/mo
Cash Margin
-64.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
18.4/ 100

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

Comparables

Properties near 99 Magnolia Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.