2112 Meadowgate Boulevard, London South

$459,900
2112 Meadowgate Boulevard

$459,900

New
21d
Condo Townhouse3-Storey

2112 Meadowgate Boulevard, London South

Total Monthly Obligation $2,655

Bed+Den
4+1
Baths
4
Park
1
Sqft
1600-1799
DOM
21d
Score
23
Yield
6.5%
Cash on Cash
0.3%
Cap Rate
4.6%
5Y IRR
15.8%
10Y IRR
14.8%
Property Type-Condo Townhouse
MLS® Number-X13854008
Bed+Den-4+1
Bathrooms-4
Size-1600-1799 sqft
Listed on site-Oct 2, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$3,678.75 (2026)
Maintenance-$293.09/mo
Locker-None
Parking-2 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Possession-Immediate
Neighbourhood-South U
Title-Residential Condo & Other

No agent assigned

Welcome to 2112 Meadowgate Boulevard, a beautifully maintained 3-storey townhome located in the desirable Summerside neighbourhood. Offering a bright, functional layout, modern finishes and plenty of living space across three levels, this home is an excellent opportunity for families, professionals, first-time buyers or investors. The main level features a versatile bedroom complete with its own 3-piece ensuite, offering excellent flexibility as a guest suite, home office, den or additional living space. Sliding doors provide direct access to a private deck, creating a convenient extension of the indoor living area. The second level is the heart of the home, featuring an impressive open-concept layout with 9-foot ceilings, large windows and an abundance of natural light. The stylish kitchen is equipped with quartz countertops, stainless steel appliances, modern cabinetry and ample prep and storage space. A spacious dining area flows seamlessly into the inviting living room, making this level ideal for both everyday living and entertaining. Step outside onto the private terrace, perfect for summer evenings, entertaining guests or enjoying your morning coffee. The third level offers three bedrooms with excellent closet space. The primary bedroom features its own private 3-piece ensuite, while the additional bedrooms are bright, comfortable and well-sized for family living. With four bedrooms, multiple bathrooms, two outdoor living spaces and a versatile multi-level layout, this home offers plenty of room to grow and adapt to your lifestyle. Conveniently located close to Highways 401 and 402, White Oaks Mall, shopping, restaurants, schools, parks and everyday amenities, 2112 Meadowgate Boulevard combines modern living, functionality and convenience in one fantastic Summerside location. Move in and make it yours!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$367,920
Land Transfer Taxes$5,673
Legal Fees (Est.)
$
Total cash required for closing$99,153

Total Monthly Obligation

$2,655/mo
Mortgage $1,855
Monthly Loss $2,167
Principal$488
Interest$1,367
Property Tax$307
Condo Fees$293
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
11.9%50
10-Year IRR
12.2%
Returns Index
25.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$30,072/yr
NOI
$17,469/yr
Net Cash Flow
-$399/mo
Cash Margin
-15.9%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
31.1/ 100

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

Comparables

Properties near 2112 Meadowgate Boulevard

Time

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Data last updated within the past 24 hours.