308 Cornice Street, Orleans - Convent Glen and Area

$1,150,000
308 Cornice Street

$1,150,000

New
2d
Detached2-Storey

308 Cornice Street, Orleans - Convent Glen and Area

Total Monthly Obligation $5,595

Beds
4
Baths
3
Park
4
Sqft
2500-3000
DOM
2d
Score
16
Yield
4.1%
Cash on Cash
-6.3%
Cap Rate
3.2%
5Y IRR
10.6%
10Y IRR
10.7%
Property Type-Detached
MLS® Number-X14102808
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-34.97 × 99.92 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Taxes-$6,971 (2025)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PILON GROUP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-2013 - Mer Bleue/Bradley Estates/Anderson Park
Title-Residential Freehold

No agent assigned

Modern design, thoughtful upgrades and an exceptional park-side setting come together in this beautiful newer Richcraft home in highly sought-after Trailsedge. Situated on a premium lot backing directly onto a picturesque park, this four-bedroom home offers impressive style and exceptional spaces for family living. Step inside to a bright, sophisticated interior where luxurious hardwood flooring, elegant millwork, contemporary lighting and an eye-catching open staircase create an immediate sense of quality. The versatile living room and spacious dining room are ideal for entertaining, while the sun-filled family room features a cozy gas fireplace and expansive windows overlooking the park. The striking kitchen showcases sleek dark cabinetry, warm wood accents, quartz countertops, a full-height quartz backsplash, high-end appliances including a built-in oven, and an oversized island with generous seating. Sliding doors lead to a large interlock patio-an inviting, low-maintenance space to dine, relax and enjoy open views of the green space and playground beyond. Upstairs, an airy open landing leads to four well-proportioned bedrooms, while a bonus loft creates an ideal home office or reading nook. The impressive primary retreat features a spa-inspired ensuite with a double vanity, large soaker tub and oversized glass-enclosed shower. The stylish main bathroom offers intricate tile flooring, a white-tiled tub and shower combination, and a modern vanity. Convenient second-floor laundry completes this level.The fully finished basement provides an expansive recreation area with room for movie nights, a playroom, home gym or additional family space. An unfinished area offers ample storage for seasonal items and everyday essentials. With bold contemporary finishes, a functional layout and an unbeatable location backing onto the park, this exceptional Trailsedge home is one you will be proud to call your own. Some photos virtually staged.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$920,000
Land Transfer Taxes$19,475
Legal Fees (Est.)
$
Total cash required for closing$250,975

Total Monthly Obligation

$5,595/mo
Mortgage $4,639
Monthly Loss $4,374
Principal$1,221
Interest$3,418
Property Tax$581
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
7.7%21
10-Year IRR
8.7%
Returns Index
12.0/ 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
$46,896/yr
NOI
$30,735/yr
Net Cash Flow
-$2,077/mo
Cash Margin
-53.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo27
Risk Index
16.9/ 100

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

Comparables

Properties near 308 Cornice Street

Time

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