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Investment signal

$306,900

2 - 155 WATER STREET

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Beds

Baths

Sqft

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Year

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Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Southwest Middlesex (Glencoe). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Affordable Freehold Townhome (NO CONDO FEES) in Glencoe. Welcome to 2-155 Water Street, Glencoe, a fantastic opportunity to own a freehold townhome in a convenient location. This two-storey home, built in 1967 and renovated in 2023 features newer appliances, 2 spacious bedrooms and 1 fully renovated bathroom, making it a great fit for first-time buyers, down-sizers, or investors. The main floor offers a functional layout with plenty of natural light, new exterior windows and doors (2023), new water tank (2024, rented) while the second level provides comfortable living with two bedrooms and a full bath with new shingles completed 2015. The level lot offers outdoor space for gardening, entertaining, or simply enjoying the fresh air. This property is in close proximity to local amenities, schools, and parks. With it's affordable price point and low-maintenance design, it presents excellent value in today's market. Don't miss your chance to make this townhome your own whether as a starter home or an investment property! (id:65958)

Subtype: Single Family
Structure: Row / Townhouse
Community: Glencoe
Common interest: Freehold
Lot dimensions: 20.8 x 165.3 FT
Bedrooms: 2 above grade
Parking: 1 total
Stories: 2
On market: Apr 8, 2026
Status changed: Apr 24, 2026
Annual tax: $911 (2025)
Photos: 24
MLS#: X12969274
Area: SOUTHWEST_MIDDLESEX_(GLENCOE)

Features and systems

Parking

No Garage

Basement

Crawl space

Heating

Baseboard heatersElectric

Cooling

Window air conditioner

Exterior

BrickVinyl siding

Foundation

Concrete

Negative cash flow ~$43/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-0.85%

Cap rate

4.69%

GRM

13.5

Break-even rent

$1,946

Financing

Down payment$61,380

Loan amount$245,520

Mortgage$1,244/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$141

Insurance$80

Maintenance$256

CapEx reserve$128

Vacancy loss$95

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,244/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.