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Investment signal

$1,218,000

77 PIERCE PLACE

Beds

4

Baths

3.1

Sqft

Year

About this home

Tucked away on a quiet court in Tottenham, this beautifully renovated two-storey home offers 4spacious bedrooms and a walk-out basement with excellent potential for rental income. The private, fully fenced backyard backs onto open meadows, creating a peaceful and scenic setting. The home features all new appliances, smooth ceilings, upgraded lighting with pot lights, a gas fireplace, and elegant hardwood and ceramic tile flooring. The open-concept kitchen is designed for both style and function, complete with a center island, waterfall-edge quartz countertops, matching quartz backsplash, and a walk-out to the balcony-perfect for entertaining. All bathrooms have been upgraded with new quartz vanities. Additional highlights include new garage door openers, central vacuum, freshly painted and a well-thought-out layout ideal for families or investors alike. Conveniently located just steps to Pierce Park and close to all local amenities. (id:65958)

Subtype
Single Family
MLS#
N12738334
Area
NEW_TECUMSETH_(TOTTENHAM)
Negative cash flow ~$2,344/mo at these assumptions

Cash on cash

-11.54%

Cap rate

3.58%

GRM

16.6

Break-even rent

$8,567

Financing

Down payment$243,600
Loan amount$974,400
Mortgage$5,978/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$558
Insurance$80
Maintenance$1,015
CapEx reserve$508
Vacancy loss$305

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 $5,978/mo at 5.49% with 20% down, 25-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 16, 2026.

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