1213 Mcwatters Road, Parkway Park - Queensway Terrace S and Area

$749,900
1213 Mcwatters Road

$749,900

New
16d
DetachedBungalow

1213 Mcwatters Road, Parkway Park - Queensway Terrace S and Area

Total Monthly Obligation $3,806

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
16d
Score
18
Yield
4.8%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-X13871120
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-68 × 100 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,872.16 (2026)
Parking-5 - Attached
Basement-Apartment, Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Vacant move in ready
Neighbourhood-6303 - Queensway Terrace South/Ridgeview
Title-Residential Freehold

No agent assigned

Room to spread out. Space for extended family. A backyard you'll want to spend time in. Welcome to 1213 McWatters Road-a spacious brick bungalow offering 4 bedrooms plus a den, 2 full bathrooms and a finished lower level that opens up possibilities beyond the ordinary. Natural light fills the inviting main-floor living room, while a spacious updated kitchen offers generous cabinetry and counter space for everyday meals and weekend entertaining. A separate dining area, three comfortable bedrooms and a full bathroom complete the main level. Hardwood floors offer an opportunity to refinish and add your own style. Downstairs, discover the space that makes this home stand out: a fourth bedroom, den/home office, second full bathroom, kitchenette and flexible living areas. Whether you need room for extended family, a quiet workspace or separate areas to relax, this layout delivers. The potential to separate the lower level from the main floor and provide a private entrance adds flexibility for multi-generational living. Buyers to verify feasibility, any intended secondary-unit use and applicable requirements. Step outside to a large, private, fully fenced backyard with mature trees and a deck-an inviting setting for summer dinners, gardening, playtime or simply unwinding. An attached garage and generous driveway add everyday convenience. Major recent updates include the roof (2024), windows (2025), air conditioning (2025) and hot water tank (2025). Enjoy quick access to the Queensway, transit, shopping, IKEA, The Brick and everyday amenities from an established residential neighbourhood. If you've been searching for a bungalow with substantial living space, a generous yard and room to make it your own, put this one at the top of your list. Book your showing and discover how much 1213 McWatters Road has to offer.

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(utilities, internet...)
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%
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Closing Costs

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

Total Monthly Obligation

$3,806/mo
Mortgage $3,025
Monthly Loss $3,010
Principal$796
Interest$2,229
Property Tax$406
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
18/ 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
$35,640/yr
NOI
$22,704/yr
Net Cash Flow
-$1,133/mo
Cash Margin
-38.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
22.2/ 100

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

Comparables

Properties near 1213 Mcwatters Road

Time

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