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Investment signal

$863,888

3 DUNDAS STREET E

Beds

Baths

Sqft

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Year

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Location

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About this home

TURNKEY INVESTMENT PROPERTY IN DOWNTOWN ERIN. Detached 3-bed, 2 bath with Long Term Tenant, & Major Updates. Rare opportunity to own a turnkey income generating property in the heart of downtown Erin, one of Ontario's most picturesque and sought after small towns. This detached 2-storey home offers immediate rental income and a long list of big ticket upgrades already completed. Currently rented to a reliable long term tenant, the home features 3 spacious bedrooms, 2 full bathrooms, and approximately 2,500 sq ft of living space. The large lot offers space and flexibility. Step into the primary bedroom with a walk-out to a large entertainer's deck, a rare feature tenant's love. The home also includes a bright family room with fireplace, a partially finished basement and a spacious 2-car garage with super size storage. Enjoy worry-free ownership with major updates already done: New roof...New electrical...New garage doors...New furnace...On demand hot water heater. Please come see a smart, low-maintenance investment in a growing and desirable community. Start earning rental income from day one-no vacancies, no renos, no hassle! (id:65958)

Subtype: Single Family
Structure: House
Community: Erin
Common interest: Freehold
Lot dimensions: 83.9 x 130.7 FT ; Irregular
Bedrooms: 3 above grade
Parking: 6 total
Stories: 2
Fireplace: 1
On market: Sep 9, 2025
Status changed: Apr 19, 2026
Annual tax: $4,959.04 (2024)
Zoning: Z2
Photos: 45
MLS#: X12391139
Area: ERIN

Features and systems

Parking

Attached GarageGarage

Basement

UnfinishedN/A

Appliances

Water meterWater softenerWater Heater - Tankless

Heating

Forced airNatural gas

Cooling

None

Exterior

Aluminum siding

Foundation

Block

Community

Community Centre

Utilities

Electricity

Negative cash flow ~$1,687/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.72%

Cap rate

3.55%

GRM

16.6

Break-even rent

$6,101

Financing

Down payment$172,778

Loan amount$691,110

Mortgage$4,240/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$396

Insurance$80

Maintenance$720

CapEx reserve$360

Vacancy loss$216

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.

Lifestyle nearby

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

Mortgage estimate

Estimated $4,240/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 19, 2026.