5 Driftwood Lane, Meaford

$593,451
5 Driftwood Lane

$593,451

New
17d
Att/Row/Townhouse2-Storey

5 Driftwood Lane, Meaford

Total Monthly Obligation $2,769

Beds
3
Baths
4
Park
1
Sqft
1500-2000
DOM
17d
Score
24
Yield
5.8%
Cash on Cash
3.5%
Cap Rate
5.3%
5Y IRR
18.4%
10Y IRR
16.9%
Property Type-Att/Row/Townhouse
MLS® Number-X13873892
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-20 × 85 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-New
Parking-2 - Built-In
Basement-Finished
Heating-Forced Air (Electric)
Brokerage-Royal LePage Locations North
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick Veneer, Hardboard
Roof-Asphalt Shingle, Solar, Membrane
Foundation-Poured Concrete
Sewer-Sewer
Possession-60-90 Days
Neighbourhood-Meaford
Title-Residential Freehold

No agent assigned

MODEL HOME OPEN FRIDAY-SUNDAY, 1-5PM! 3-bedroom, 3 or 4-bathroom SAILOR OR VOYAGER interior unit in Southern Georgian Bay's first-of-its-kind Net Zero community. Ready for occupancy Spring 2027 - just choose your finishes! INCENTIVES: your choice of $30,000 off the purchase price OR a FREE finished basement valued at approx. $47,000, PLUS $50,000+ in HST rebate savings. Don't miss out - these are the only lots with the additional incentive! Built to exceed today's standards and meet the 2030 Building Code, these homes combine exceptional construction, energy efficiency and high-quality finishes for a more comfortable home with dramatically reduced energy costs. INCLUDED in the purchase price: solar panels, cold-climate heat pump, HRV system, triple-pane windows, AeroBarrier air sealing, thicker foundation with 2" spray foam insulation along exterior basement walls and under floor, quartz countertops in kitchen and bathrooms, stainless steel kitchen appliances, washer/dryer and main-floor vinyl plank flooring. Also included: asphalt driveway, deck, privacy fence, fibre-optic internet and EV charger. Finished basement adds a recreation room and 3 or 4-piece bathroom. Future community clubhouse planned with pickleball courts, gym and conference room. HST exemption available to qualified buyers; listed price reflects the HST exemption and FREE FINISHED BASEMENT incentive. TO BE BUILT - Photos are of a completed model home for illustrative purposes only. Finishes and appearance may vary based on buyer selections.

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

Closing Costs

Mortgage Amount
$488,054($13,293 CMHC)
Land Transfer Taxes$8,344
Legal Fees (Est.)
$
Total cash required for closing$128,534

Total Monthly Obligation

$2,836/mo
Mortgage $2,461
Monthly Loss $2,188
Principal$648
Interest$1,813
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.5%4
5-Year IRR
12.4%53
10-Year IRR
13.1%
Returns Index
29.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$34,200/yr
NOI
$26,280/yr
Net Cash Flow
-$271/mo
Cash Margin
-9.5%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8919
LTV Ratio
82.2%14
Vacancy Buffer
3.4 mo57
Risk Index
30.0/ 100

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

Comparables

Properties near 5 Driftwood Lane

Time

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