251 Pearson Street, Meaford

$849,000
251 Pearson Street

$849,000

New
8d
DetachedBungalow-Raised

251 Pearson Street, Meaford

Total Monthly Obligation $4,107

Beds
4
Baths
3
Park
4
Sqft
1100-1500
DOM
8d
Score
17
Yield
3.9%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.4%
10Y IRR
10.5%
Property Type-Detached
MLS® Number-X14087816
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-69 × 125 ft
Listed on site-Oct 15, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$3,692 (2026)
Parking-5 - Built-In
Basement-Full, Finished with Walk-Out, Finished, Walk-Out
Heating-Forced Air (Gas)
Brokerage-Royal LePage RCR Realty
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room, Rec Room
Pool-None
Facing-East
Exterior-Brick Veneer, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-Meaford
Title-Residential Freehold

No agent assigned

Welcome to 251 Pearson St, a remarkably updated raised bungalow in Meaford, with exceptional curb appeal and incredible interior value. Be sure to check out the 3D walkthrough by clicking the 'multi media' button. A double-wide cement driveway framed by armour stone welcomes you to the property. Step inside to an open main level designed for effortless everyday living and entertaining. The kitchen features durable granite countertops, a center island, double sink. The dining space features a three-pane sliding glass door that opens directly to a front balcony with glass railings. Adjacent to the dining space, the expansive living room flows smoothly onto a private aluminum deck with metal railings and potlights underneath. The living room features a natural gas fireplace and tons of natural light. Beautiful high-grade vinyl flooring runs throughout. The main level also features three bedrooms, with one currently being used as office space. The primary suite is complete with a walk-in closet and a three-piece ensuite. The fully finished lower level adds flexible living space with a large rec room with another natural gas fireplace, dry bar with quartz counters, a fourth bedroom, full bath, and a walk-out directly to the covered patio. Enjoy a fully fenced rear yard lined with tree-lined seasonal views of Georgian Bay. Just minutes from the local hospital, golf course, downtown amenities and the beauty of Georgian Bay. This property offers incredible lifestyle and turn-key convenience. Extensive high-efficiency upgrades completed between 2019 and 2026 deliver modern peace of mind. The home features a full exterior upgrade(IKO EnerFoil insulating foam board, Be-On Stone, Gentec vinyl siding), complete attic insulation replacement (spray-foam base and loose blown-in top layer with upgraded venting), high-efficiency natural gas forced air heat, and central air conditioning.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$4,107/mo
Mortgage $3,425
Monthly Loss $3,206
Principal$901
Interest$2,523
Property Tax$308
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.7%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
10.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$33,060/yr
NOI
$21,562/yr
Net Cash Flow
-$1,628/mo
Cash Margin
-59.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo37
Risk Index
20.3/ 100

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

Comparables

Properties near 251 Pearson Street

Time

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