48 Harris Place, Meadowlands - Crestview and Area

$769,900
48 Harris Place

$769,900

New
4d
DetachedBungalow

48 Harris Place, Meadowlands - Crestview and Area

Total Monthly Obligation $3,954

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
4d
Score
17
Yield
4.5%
Cash on Cash
-5.3%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.3%
Property Type-Detached
MLS® Number-X14092846
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-74.9 × 99.88 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,686 (2026)
Parking-6 - Attached
Basement-Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-1-29 days
Neighbourhood-7301 - Meadowlands/St. Claire Gardens
Title-Residential Freehold

No agent assigned

Nestled in an established neighbourhood, this beautifully maintained brick bungalow offers timeless curb appeal, generous living spaces, and an extended attached double-car garage. Welcoming front living room sets the tone, while an addition at back of home expands the kitchen and dining area, creating an inviting, open-concept space for everyday living and entertaining. Hardwood flooring throughout main level, large windows for plenty of natural light & a wood burning fireplace. Three bedrooms and a full bathroom complete the main level. The addition continues downstairs, where a second kitchen, full bathroom and generous finished living area offer exceptional flexibility for extended family, guests or the potential for an income-generating suite. Expansive recreation room with brick walls wrap the basement in a warm, rustic texture, second wood burning fireplace and retro dry bar with dark wood detailing and a gleaming mirror backsplash. Attached extended double-car garage with interior access adds another layer of everyday convenience. Interlock front walkway, full driveway and back patio. Mature hedges frame the beautiful backyard, where southern exposure brings warmth and sunshine throughout the day, creating a private garden setting. Lovingly cared for over the years, this is a home with enduring appeal, versatile living spaces and plenty of opportunity to make it your own. City View is a highly desirable, established neighbourhood that balances peaceful residential living with exceptional urban convenience. Mature, tree-lined streets and large spacious lots. Steps away from shops & dining along Merivale Rd & College Square for everyday conveniences & amenities, Algonquin College, Transit station, Centrepointe Library, City Hall & more! Plenty of green space with multiple parks & peaceful walking paths. Furnace 2024, Roof 2020, Basement flooring recently updated. *Carpet free home.

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

Closing Costs

Mortgage Amount
$615,920
Land Transfer Taxes$11,873
Legal Fees (Est.)
$
Total cash required for closing$167,353

Total Monthly Obligation

$3,954/mo
Mortgage $3,106
Monthly Loss $3,137
Principal$817
Interest$2,288
Property Tax$474
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
7.9%23
10-Year IRR
9.0%
Returns Index
12.6/ 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
$34,668/yr
NOI
$21,015/yr
Net Cash Flow
-$1,354/mo
Cash Margin
-46.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
21.1/ 100

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

Comparables

Properties near 48 Harris Place

Time

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