765 Palace Rd — Buyer Value Analysis

The Value Behind the Price

765 Palace Rd

Greater Napanee, ON K7R 3K9

List Price

$894,500

What This Home Offers You

Your tenants cover 97% of the mortgage at 20% down, bringing your monthly carry close to zero.

You're acquiring over $1.73M in replacement value for $894,500, more than $834,000 below what it costs to rebuild.

You're entering at market-average pricing, supported by four recent comparable sales nearby supporting the price.

Two tenants can generate $3,800 per month in rental income, giving you a productive asset.

Greater Napanee's resale market has remained active through early 2026, with comparable properties trading at supporting sale prices over the trailing year.

How the Market Values This Property

Address	Sold	Adj. Price	$/Sqft
186 Cherrywood Parkway	Sep '25	$850,040	$313
71 Mccabe Street N/A	Jan '26	$814,706	$309
168 Cherrywood Parkway	Apr '26	$856,513	$479
1234 Mazzolin Crescent	Jul '24	$913,473	$376
This Property	Listed	$894,500	$369

Adjusted for differences in size, condition, and features.

What You’re Getting

2021 Build (2,425 sqft)$952,884 replacement

Land (1.7 acres)$92,249

Legal Basement Apartment ($2,100/mo)$378,000

Legal Above Garage Apt ($1,700/mo)$306,000

Total Value$1,729,133

$834,633 above asking price

Tenant Coverage97%

GRM19.6

Per Unit$298K

$/SqftAt market avg

Your Monthly Investment

20% Down Net$117/mo

Down Payment	CMHC	Mortgage	Bi-weekly	Monthly	Rental Income	Net Monthly
5%$44,725	4.5% ($38,240)	$888,015	$2,243.54	$4,861	−$3,800	$1,061
10%$89,450	4% ($32,202)	$837,252	$2,115.23	$4,583	−$3,800	$783
15%$134,175	3.1% ($23,570)	$783,895	$1,980.46	$4,291	−$3,800	$491
20%$178,900	None	$715,600	$1,807.85	$3,917	−$3,800	$117

Property taxes estimated at 1% of purchase price. Taxes (~$745/mo) and insurance (~$224/mo) not included in table. 4.39% 5-year fixed / 25-year amortization. Net = monthly mortgage payment − potential rental income. Estimates for illustration only — consult a licensed mortgage professional.

Comps validate the price, tenants cover nearly the full mortgage, and you're buying $834K below replacement cost, making this a rare combination of income and built-in equity.