987 Neville Street, Britannia Heights - Queensway Terrace N and Area

$749,900
987 Neville Street

$749,900

Price Change
18d
DetachedBungalow

987 Neville Street, Britannia Heights - Queensway Terrace N and Area

Total Monthly Obligation $3,794

Beds
4
Baths
2
Park
3
Sqft
1100-1500
DOM
18d
Score
19
Yield
5.0%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X13861230
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-56 × 100 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,732 (2026)
Parking-4 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-6203 - Queensway Terrace North
Title-Residential Freehold

No agent assigned

CHARMING 3+1 BEDROOM BUNGALOW WITH A BEAUTIFULLY RENOVATED KITCHEN! Welcome to 987 Neville Road in desirable Queensway Terrace North. Step inside to a warm and inviting main level featuring beautiful hardwood flooring throughout, a beautifully renovated kitchen with modern finishes, and a bright open living and dining area with plenty of natural light and charming wood details. The kitchen is a true highlight of the home, offering a fresh, modern feel while blending seamlessly with the character of the house. The spacious living and dining areas provide plenty of room to relax and entertain, while three comfortable bedrooms and a full bathroom complete the main level. The lower level adds even more usable living space, with a large recreation/living area, fourth bedroom with its own ensuite, laundry and workshop. The convenient side-door entrance provides excellent flexibility for extended family, guests, a home office or additional living arrangements. Outside, enjoy a fully fenced backyard with interlock, gazebo, covered BBQ area and storage shed - a great space to relax or entertain. Ideally located close to schools, parks, transit, shopping and major roadways, this home offers a great combination of character, modern updates and functional living space. Roof 2019, A/C 2025. 2026-2027 snow removal contract included!

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

Closing Costs

Mortgage Amount
$599,920
Land Transfer Taxes$11,473
Legal Fees (Est.)
$
Total cash required for closing$162,953

Total Monthly Obligation

$3,794/mo
Mortgage $3,025
Monthly Loss $2,998
Principal$796
Interest$2,229
Property Tax$394
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.4%1
5-Year IRR
9.8%34
10-Year IRR
10.4%
Returns Index
18.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$37,332/yr
NOI
$24,367/yr
Net Cash Flow
-$994/mo
Cash Margin
-32.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
22.7/ 100

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

Comparables

Properties near 987 Neville Street

Time

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