2334 MEADOWGATE Boulevard, London South

$699,900
2334 MEADOWGATE Boulevard

$699,900

New
17d
DetachedBacksplit 4

2334 MEADOWGATE Boulevard, London South

Total Monthly Obligation $3,573

Beds
4
Baths
3
Park
2
Sqft
1100-1500
DOM
17d
Score
19
Yield
4.8%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13869670
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-36.78 × 109.32 ft
Listed on site-Oct 6, 2026
Style-Backsplit 4
Building Type-Detached
Taxes-$4,493 (2025)
Parking-4 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-TEAM GLASSER REAL ESTATE BROKERAGE INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-45-90 days
Neighbourhood-South U
Title-Residential Freehold

No agent assigned

Welcome to 2334 Meadowgate Boulevard, a beautifully maintained and extensively updated home in the highly sought-after Summerside community. Offering 4 bedrooms, 3 full bathrooms, and a double-car garage, this spacious 4-level backsplit provides a versatile layout ideal for growing families, multi-generational living, or those seeking extra space to work and entertain.From the moment you arrive, you'll appreciate the excellent curb appeal, attractive stamped concrete front walkway, beautifully landscaped grounds, and fully fenced backyard complete with a charming 10' x 10' garden shed and patio area-perfect for outdoor relaxation and entertaining.The bright main level features a welcoming living room, dining area, and a large updated kitchen equipped with stainless steel appliances, abundant cabinetry, and generous workspace. Updated flooring and elegant maple wood stairs add warmth and character throughout the home.The upper level offers three spacious bedrooms and a full bathroom. The lower level features a large recreation room, an additional bedroom, and a full bathroom, creating the perfect space for guests, teenagers, or extended family. The finished basement provides an additional room currently used as a bedroom, offering flexible space that can easily be adapted to suit your needs as a family room, media room, home office, gym, playroom, or hobby area.Numerous updates completed in 2023 provide peace of mind, including a new roof, renovated bathrooms, updated flooring, maple wood staircase and garage door, just to name a few. Fresh neutral paint colours and pride of ownership are evident throughout this move-in-ready home.Conveniently located close to schools, parks, shopping, recreation facilities, walking trails, and with quick access to Highway 401, this exceptional property offers the perfect combination of space, comfort, and convenience in one of London's most desirable neighbourhoods.

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

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,573/mo
Mortgage $2,823
Monthly Loss $2,830
Principal$743
Interest$2,080
Property Tax$374
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.4%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.6/ 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
$33,552/yr
NOI
$21,204/yr
Net Cash Flow
-$1,056/mo
Cash Margin
-37.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
23.3/ 100

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

Comparables

Properties near 2334 MEADOWGATE Boulevard

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.