33 Norice Street, Meadowlands - Crestview and Area

$1,049,999
33 Norice Street

$1,049,999

New
38d
DetachedBungalow

33 Norice Street, Meadowlands - Crestview and Area

Total Monthly Obligation $5,135

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
38d
Score
18
Yield
4.6%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-X13785162
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-62.5 × 117.42 ft
Listed on site-Sep 15, 2026
Style-Bungalow
Building Type-Detached
Taxes-$6,292 (2025)
Parking-5 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Wood
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-7302 - Meadowlands/Crestview
Title-Residential Freehold

No agent assigned

Locatio, location, location!! Exceptional space, quality, and location! Welcome to this impressive all-brick bungalow in the sought-after, family-friendly community of Crestview-Meadowlands. Offering just under 4,000 sq. ft. of living space across two levels, with nearly 2,000 sq. ft. on the main floor, this home delivers spacious and versatile living. A welcoming covered front porch leads into a thoughtfully designed main level featuring a generous living room, formal dining room, gourmet kitchen, and cozy family room. The kitchen showcases Cherry cabinetry, granite countertops, and stainless steel appliances, including a countertop gas cooktop and wall oven. The carpet-free main floor features hardwood and ceramic tile throughout, highlighted by custom Brazilian Cherry flooring with distinctive brass inlays in the living room and bedroom hallways. A dedicated laundry room adds everyday convenience. The expansive lower level offers nearly 2,000 sq. ft. of additional space, including a large finished recreation room with gas fireplace, fourth bedroom, third full bathroom, hobby/workshop room, cold storage, and an oversized storage area. With the ability to easily add a separate entrance, there is incredible potential for an in-law suite-making this property ideal for a multigenerational family. Enjoy the large backyard and covered rear porch, perfect for outdoor dining and entertaining, with a natural gas BBQ hookup. Set on a generous lot in a mature, established neighbourhood, this home is ideally located close to parks, excellent schools, shopping, public transit, tennis courts, an outdoor pool, and recreation arenas. Easy access to Highway 417, Carleton University, and Algonquin College makes this an excellent location for families and professionals alike. Updates: Roof (2016), Furnace & A/C (2016), Owned HWT (2024). Some photos have been virtually staged. Sold as-is.

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

Closing Costs

Mortgage Amount
$839,999
Land Transfer Taxes$17,475
Legal Fees (Est.)
$
Total cash required for closing$228,975

Total Monthly Obligation

$5,135/mo
Mortgage $4,235
Monthly Loss $4,020
Principal$1,115
Interest$3,121
Property Tax$524
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.1%30
10-Year IRR
9.9%
Returns Index
16.1/ 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
$47,916/yr
NOI
$32,332/yr
Net Cash Flow
-$1,541/mo
Cash Margin
-38.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
18.3/ 100

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

Comparables

Properties near 33 Norice Street

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.