1259 Meadowlands Drive E, Cityview - Parkwoods Hills - Rideau Shore

$675,000
1259 Meadowlands Drive E

$675,000

Price Change
44d
Detached2-Storey

1259 Meadowlands Drive E, Cityview - Parkwoods Hills - Rideau Shore

Total Monthly Obligation $3,510

Beds
5
Baths
2
Park
3
Sqft
1500-2000
DOM
44d
Score
22
Yield
5.9%
Cash on Cash
0.9%
Cap Rate
4.8%
5Y IRR
16.2%
10Y IRR
15.2%
Property Type-Detached
MLS® Number-X13760690
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-65 × 105 ft
Listed on site-Sep 9, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,950 (2026)
Parking-4 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-HOME RUN REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-7201 - City View/Skyline/Fisher Heights/Parkwood Hills
Title-Residential Freehold

No agent assigned

Amazing Single Detached located in Ottawa's West End community of Cityview, situated just off the intersection of Merivale Road and Meadowlands Drive. This home sits on an oversized 65' x 100' lot, offering exceptional potential for homeowners, investors, or builders. Whether you are looking to move in, generate rental income, or hold for future appreciation, this property provides excellent flexibility. The exterior features a long driveway can fit 3 vehicles, along with a garage, for a total of 4 parking spaces. Step inside to a Fully Renovated interior, featuring new flooring, updated kitchen and bathrooms, and newly finished basement. Turnkey and move-in ready. The Entry Level offers a spacious foyer with access to a versatile bedroom #1, ideal as a home office or guest room, a stylish three-piece bathroom, and direct access to the garage. Steps up lead to the Living Level, offers a large great room and formal dining area. The focal point of the home is the breathtaking 12 ft vaulted high ceiling, creating a bright and airy atmosphere, complemented by large bay windows that flood the space with natural light and a modern linear electric fireplace. The updated kitchen features quartz countertops, refreshed cabinetry, stainless steel appliances. Upper level offers generously sized bedrooms #2,3 & 4 and a full bathroom. The newly finished basement includes a spacious recreation room, bedroom #5, and storage space. The new CM2 (Minor Corridor Zone 2) designation under Ottawa's 2026 zoning by-law allows for residential and select commercial uses, offering strong potential (buyer to verify). Ideal for student rental, with potential income of $4,500/m, attracting tenants from Carleton and Algonquin. Within the catchment of top-ranking schools, including Merivale HS and Meadowlands PS. Close to Highway 417, public transit, shopping, and restaurants. 10 minutes to Carleton University and Algonquin College, and 15 min to downtown Ottawa. Some photos are virtually staged.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$540,000
Land Transfer Taxes$9,975
Legal Fees (Est.)
$
Total cash required for closing$146,475

Total Monthly Obligation

$3,510/mo
Mortgage $2,723
Monthly Loss $2,794
Principal$716
Interest$2,006
Property Tax$413
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.3%3
5-Year IRR
12.2%52
10-Year IRR
12.4%
Returns Index
27.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$39,828/yr
NOI
$26,395/yr
Net Cash Flow
-$523/mo
Cash Margin
-15.8%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8115
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
25.7/ 100

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

Comparables

Properties near 1259 Meadowlands Drive E

Time

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