53 Meadowbank Drive, South of Baseline to Knoxdale

$650,000
53 Meadowbank Drive

$650,000

New
6d
Semi-Detached 2-Storey

53 Meadowbank Drive, South of Baseline to Knoxdale

Total Monthly Obligation $3,398

Beds
4
Baths
3
Park
3
Sqft
1500-2000
DOM
6d
Score
22
Yield
5.9%
Cash on Cash
0.6%
Cap Rate
4.7%
5Y IRR
16.0%
10Y IRR
15.0%
Property Type-Semi-Detached
MLS® Number-X14090826
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-42.5 × 114.7 ft
Listed on site-Oct 17, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$4,810 (2026)
Parking-4 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Wood
Pool-Inground
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate, TBA, flexible
Neighbourhood-7602 - Briargreen
Title-Residential Freehold

No agent assigned

Welcome to Briargreen! This 4-bedroom, 3-bathroom semi-detached home offers a comfortable, spacious feel similar to a detached home, as it is attached to the neighbouring property only by the garage. Situated in an established, family-friendly neighbourhood with no rear neighbours, this home has seen numerous updates and improvements. The living room features a south-facing bay window that fills the space with natural light, along with a wood-burning fireplace that adds warmth and character. The kitchen was updated in 2026 with new lighting, a range hood, maple pantry shelving, soft-close pot drawers and updated cabinet hardware. The basement was also completely updated in 2026, including a spacious family room, while fresh interior paint, new doors, updated outlets, electrical improvements and modern lighting enhance the interior throughout. Outside, the updated deck (2025) overlooks the backyard, where the pool was completely resurfaced and tiled in 2012, with the pool pump replaced in 2018. Enjoy the outdoor space with family and friends, all while appreciating the privacy of having no rear neighbours. Additional updates include the furnace (2012), fence (2017), roof (2018), owned water heater (2018), central air conditioning (2024), eavestroughs (2024), chimney (2024) and exterior paint (2026). Conveniently located just minutes from Highways 417 and 416 and Hunt Club Road, the home is close to schools, public transit, parks, shopping and recreation. With its generous living space, extensive recent updates and private backyard, this is a wonderful opportunity to enjoy the space and feel of a detached home in the desirable community of Briargreen.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$520,000
Land Transfer Taxes$9,475
Legal Fees (Est.)
$
Total cash required for closing$140,975

Total Monthly Obligation

$3,398/mo
Mortgage $2,622
Monthly Loss $2,708
Principal$690
Interest$1,932
Property Tax$401
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.7%2
5-Year IRR
12.0%50
10-Year IRR
12.1%
Returns Index
25.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$38,028/yr
NOI
$24,915/yr
Net Cash Flow
-$546/mo
Cash Margin
-17.2%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
26.1/ 100

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

Comparables

Properties near 53 Meadowbank Drive

Time

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