84 Meadowbank Drive, Hamilton

$1,098,000
84 Meadowbank Drive

$1,098,000

New
8d
Detached2-Storey

84 Meadowbank Drive, Hamilton

Total Monthly Obligation $5,545

Beds
5
Baths
3
Park
2
Sqft
2500-3000
DOM
8d
Score
18
Yield
4.8%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-X14081868
Beds-5
Bathrooms-3
Size-2500-3000 sqft
Lot Size-39.37 × 128.64 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$8,891.8 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Cooling-Other
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-90+ days - TBA
Neighbourhood-Falkirk
Title-Residential Freehold

No agent assigned

Welcome to 84 Meadowbank Drive, a beautifully maintained 5-bedroom, 2.5-bathroom home offering approximately 3,795 sqft. of comfortable living space in a quiet, family-friendly neighbourhood. Ideally positioned on a premium lot backing onto a ravine and Falkirk West forest, this home offers a wonderful blend of space, privacy and natural beauty.The main level features separate living, dining and family rooms, creating plenty of space for everyday living and entertaining. The inviting family room showcases a gas fireplace, while the spacious, beautifully appointed kitchen is designed to impress with an island, breakfast area, ample cabinetry, and sliding door walk-out overlooking the peaceful forest backdrop. Step outside to your private backyard oasis, where an interlock patio, retractable awning and beautiful gardens create the perfect setting for summer gatherings, outdoor dining or simply enjoying the tranquil surroundings.Upstairs, the spacious primary bedroom is a true retreat, complete with his-and-her closets anda gorgeous updated 4-piece ensuite featuring a free-standing soaker tub and walk-in shower. The second upstairs bathroom was also beautifully renovated and offers a spacious 5-piece layout with double sinks, making busy mornings easier for the whole family. Both bathrooms were renovated in 2020. Four additional bedrooms provide excellent flexibility for a growing family,guests or a home office.The finished basement adds valuable living space with a generous recreation room and separate storage room, plus a convenient bathroom rough-in ready for future finishing. New blinds,including some rooms featuring electrical blinds, were installed in 2023. With a park close by, a peaceful street, easy access to highways and nearby shopping, this home truly delivers the lifestyle families are looking for. A wonderful opportunity to enjoy space, style and nature in one exceptional setting.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$878,400
Land Transfer Taxes$18,435
Legal Fees (Est.)
$
Total cash required for closing$239,535

Total Monthly Obligation

$5,545/mo
Mortgage $4,429
Monthly Loss $4,380
Principal$1,165
Interest$3,264
Property Tax$741
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.2%30
10-Year IRR
9.9%
Returns Index
16.2/ 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
$52,464/yr
NOI
$33,826/yr
Net Cash Flow
-$1,610/mo
Cash Margin
-36.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo27
Risk Index
17.6/ 100

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

Comparables

Properties near 84 Meadowbank Drive

Time

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