Lot 26 - 59 Meadowlands Drive, Norwich

$1,150,000
Lot 26 - 59 Meadowlands Drive

$1,150,000

New
143d
DetachedBungalow

Lot 26 - 59 Meadowlands Drive, Norwich

Total Monthly Obligation $5,014

Beds
3
Baths
2
Park
6
Sqft
2000-2500
DOM
143d
Score
15
Yield
2.3%
Cash on Cash
-11.3%
Cap Rate
2.1%
5Y IRR
6.7%
10Y IRR
7.7%
Property Type-Detached
MLS® Number-X13228762
Beds-3
Bathrooms-2
Size-2000-2500 sqft
Lot Size-118.77 × 237.55 ft
Listed on site-Jun 2, 2026
Style-Bungalow
Building Type-Detached
Age-New
Parking-9 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-eXp Realty of Canada Inc.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Stone, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Septic
Possession-90+ days
Neighbourhood-Otterville
Title-Residential Freehold

No agent assigned

To be built by Lecki Homes, the Esturion model offers over 2,000 sq ft of thoughtfully designed living space, set on an executive-sized 0.699-acre lot. This beautifully crafted bungalow blends timeless elegance with modern comfort, highlighted by an impressive brick and stone exterior that makes a striking first impression. Inside, the open-concept layout is ideal for both everyday living and entertaining. The kitchen serves as the heart of the home, featuring a large island and seamless flow into the dining area and spacious great room, anchored by a cozy gas fireplace. The primary suite offers a private retreat with a spa-inspired five-piece ensuite and walk-in closet, while two additional bedrooms share a well-appointed four-piece bath. Enjoy outdoor living with a welcoming covered front porch and a covered rear patio-perfect for relaxing or hosting guests. A third garage bay provides exceptional space for vehicles, storage, or hobbies. With Lecki Homes, buyers also enjoy the opportunity to personalize the floor plan, finishes, and features, ensuring a home that truly reflects their vision. Price includes HST and reflects the expanded HST Rebate available from April 1, 2026 - March 31, 2027.

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(utilities, internet...)
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%
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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

$5,014/mo
Mortgage $4,639
Monthly Loss $3,793
Principal$1,221
Interest$3,418
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%11
Cash-on-Cash
-14.5%0
5-Year IRR
4.1%9
10-Year IRR
6.0%
Returns Index
5.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$27,000/yr
NOI
$19,800/yr
Net Cash Flow
-$2,989/mo
Cash Margin
-132.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.363
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo30
Risk Index
17.0/ 100

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

Comparables

Properties near Lot 26 - 59 Meadowlands Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.