5128 Meadowland Drive, Edwardsburgh/Cardinal

$369,900
5128 Meadowland Drive

$369,900

New
21d
Semi-Detached 2-Storey

5128 Meadowland Drive, Edwardsburgh/Cardinal

Total Monthly Obligation $2,033

Beds
3
Baths
3
Park
4
Sqft
1100-1500
DOM
21d
Score
27
Yield
6.9%
Cash on Cash
5.3%
Cap Rate
5.7%
5Y IRR
19.8%
10Y IRR
18.1%
Property Type-Semi-Detached
MLS® Number-X13855768
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-34.4 × 150.92 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$1,996 (2025)
Parking-4 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-SUTTON ESSENTIAL REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Metal
Foundation-Block
Sewer-Sewer
Possession-TBD
Neighbourhood-806 - Town of Cardinal
Title-Residential Freehold

No agent assigned

Buyers, look beyond your ideal, you might be missing out on what's right in front of you! A home that has been lovingly cared for, offers the opportunity to build equity, and gives you a yard to call your own. For first-time buyers especially, affordable doesn't have to mean settling. This may not be your forever home, but it could be the perfect place to start. Located on a quiet street with no through traffic in Cardinal, this meticulously maintained home offers comfort, functionality, and exceptional curb appeal. It's the kind of neighbourhood where kids can play street hockey, neighbours look out for one another, and you might just find someone willing to lend you that cup of sugar. With a park nearby and an indoor rink in town for winter fun, there's plenty to enjoy close to home. Inside, three bedrooms are conveniently located on the upper level, with a bathroom on each floor for added convenience. The bright eat-in kitchen overlooks the fenced in backyard, creating a welcoming space for morning coffee, family meals, and keeping an eye on outdoor activities. Ample storage, including a large pantry, makes everyday living that much easier. Upstairs, the main bathroom offers a relaxing retreat with a separate soaker tub and shower, recently updated in 2024. If you would rather relax with nature, the back deck or charming front porch adds even more space and character as a perfect spot to unwind. Additional updates and features include central air conditioning, a metal shingle roof, some updated windows (2021), an owned hot water tank (2021), new screen doors (2026), and a recently redone driveway (2025) with plenty of parking. Move-in ready and lovingly maintained, this is an opportunity to stop waiting for perfect and start building something of your own. A home with space, updates, outdoor living, and a community feel-giving you the chance to get into the market, build equity, and enjoy a place you can proudly call home.

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$295,920
Land Transfer Taxes$4,024
Legal Fees (Est.)
$
Total cash required for closing$79,504

Total Monthly Obligation

$2,033/mo
Mortgage $1,492
Monthly Loss $1,641
Principal$393
Interest$1,099
Property Tax$166
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-1.9%5
5-Year IRR
14.2%66
10-Year IRR
14.0%
Returns Index
34.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$25,440/yr
NOI
$16,400/yr
Net Cash Flow
-$125/mo
Cash Margin
-5.9%2
Cash Flow Index
1.5/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo79
Risk Index
39.4/ 100

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

Comparables

Properties near 5128 Meadowland Drive

Time

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Data last updated within the past 24 hours.