124 Sykes Street S, Meaford

$599,000
124 Sykes Street S

$599,000

New
9d
Detached2 1/2 Storey

124 Sykes Street S, Meaford

Total Monthly Obligation $3,031

Beds
4
Baths
2
Park
3
Sqft
1500-2000
DOM
9d
Score
24
Yield
6.1%
Cash on Cash
3.0%
Cap Rate
5.2%
5Y IRR
17.9%
10Y IRR
16.5%
Property Type-Detached
MLS® Number-X14033238
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-49.5 × 77.5 ft
Listed on site-Oct 14, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$2,879 (2025)
Parking-3 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-Royal LePage Locations North
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone, Concrete
Sewer-Sewer
Possession-60-89 days
Neighbourhood-Meaford
Title-Residential Freehold

No agent assigned

A great investment opportunity in the heart of Meaford. This classic 2 1/2 storey brick property offers over 2,100 square feet of functional living space divided into two distinct residential units, blending turn-of-the-century architectural character with strong rental utility.The main-floor suite features a comfortable 2 bedroom layout with a private rear entry, dedicated foyer, a spacious kitchen, and a bright living and dining space.The expansive upper residence spans the second level and finished loft, offering three to four bedrooms, classic hardwood flooring, original woodwork, stained-glass details, a four-piece bathroom, and a generous 200+ square foot entry mudroom on the ground level.Centrally situated within walking distance of downtown shops, dining, local parks, and the Meaford harbour. Includes parking for three vehicles, municipal services, and forced-air natural gas heating. Ideal as an income property or a multi-generational living arrangement in Southern Georgian Bay.

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

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,031/mo
Mortgage $2,416
Monthly Loss $2,395
Principal$636
Interest$1,780
Property Tax$240
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.6%4
5-Year IRR
13.6%62
10-Year IRR
13.4%
Returns Index
32.4/ 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
$36,756/yr
NOI
$25,701/yr
Net Cash Flow
-$274/mo
Cash Margin
-9.0%1
Cash Flow Index
0.8/ 100
Risk Profile
Weight: 20%
DSCR
0.8919
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
30.0/ 100

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

Comparables

Properties near 124 Sykes Street S

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.