65 DAVID Drive, Meadowlands - Crestview and Area

$765,000
65 DAVID Drive

$765,000

New
41d
DetachedBungalow

65 DAVID Drive, Meadowlands - Crestview and Area

Total Monthly Obligation $3,843

Beds
5
Baths
2
Park
6
Sqft
1500-2000
DOM
41d
Score
25
Yield
6.3%
Cash on Cash
3.3%
Cap Rate
5.3%
5Y IRR
18.2%
10Y IRR
16.8%
Property Type-Detached
MLS® Number-X13776362
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-80.51 × 93.5 ft
Listed on site-Sep 12, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,586.95 (2025)
Parking-6 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE INTEGRITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-7301 - Meadowlands/St. Claire Gardens
Title-Residential Freehold

No agent assigned

Prime corner lot opportunity at 65 David Drive - an exceptional find for builders, developers, and investors alike! zoning R1FF, 80.5 ft by 93.5 ft. Possible severance. Previously rented $3200 per month. This solid bungalow offers incredible flexibility with a functional layout featuring 3 bedrooms on the main level, along with a fully finished basement complete with 2 additional bedrooms, 1 bathroom, and a second kitchen.With two kitchens and a layout that supports easy separation into two distinct units, this property presents strong potential for rental income, multi-generational living, or future redevelopment. The prominent corner lot enhances visibility, access, and long-term value.Whether you're looking to renovate, rent, or reimagine, this is a rare opportunity in a desirable location with endless possibilities. Steps from Algonquin College! | Fireplace and oil tank in basement in as-is condition | Some photos digitally rendered. | Recommend buyers to do their due diligence with confirming how many units can be built, photos are digitally rendered to give a general visual, not accurate**

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

Closing Costs

Mortgage Amount
$612,000
Land Transfer Taxes$11,775
Legal Fees (Est.)
$
Total cash required for closing$166,275

Total Monthly Obligation

$3,843/mo
Mortgage $3,086
Monthly Loss $3,031
Principal$812
Interest$2,274
Property Tax$382
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.7%5
5-Year IRR
14.3%66
10-Year IRR
14.0%
Returns Index
34.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$48,048/yr
NOI
$34,156/yr
Net Cash Flow
-$239/mo
Cash Margin
-6.0%1
Cash Flow Index
1.5/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
26.4/ 100

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

Comparables

Properties near 65 DAVID Drive

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.