1308 Rustic Drive, Parkway Park - Queensway Terrace S and Area

$799,999
1308 Rustic Drive

$799,999

New
17d
DetachedBungalow

1308 Rustic Drive, Parkway Park - Queensway Terrace S and Area

Total Monthly Obligation $4,079

Beds
8
Baths
2
Park
4
Sqft
1100-1500
DOM
17d
Yield
4.7%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-X13868476
Beds-8
Bathrooms-2
Size-1100-1500 sqft
Lot Size-53 × 95 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,728.15 (2026)
Parking-4 - None
Basement-Apartment, Separate Entrance, Full, Finished
Heating-Forced Air (Gas)
Brokerage-BENNETT PROPERTY SHOP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Negotiable
Neighbourhood-6304 - Parkway Park
Title-Residential Freehold

No agent assigned

INVESTORS & LARGE FAMILIES! Fully renovated, this city-approved, legal secondary dwelling is an absolute dream. Boasting 8 bedrooms total, 4 upstairs and 4 in the lower level, this turnkey bungalow offers incredible rental returns or a beautiful, unified living space for a large multi-generational family. Located just minutes from Algonquin College, the 417 highway, and every amenity you could ever need, its premium location ensures high tenant demand and effortless commuting. Inside, no expense has been spared. The property features two stunning, sleek modern kitchens equipped to handle busy households, along with two fully renovated, contemporary bathrooms. Step outside to a massive, mostly fenced-in backyard that offers the perfect canvas for summer BBQs, family get-togethers, or a private retreat for tenants. With updated mechanicals and high-end finishes throughout, this city-certified property promises low-maintenance living and consistent value for years to come. Live in one unit and rent the other, host the entire family under one roof, or cash flow the ultimate student rental portfolio. This is a rare, high-yield opportunity in a prime central location. Book your private showing today before it's gone! 4 bedrooms and 1 kitchen above grade, 4 bedrooms and 1 kitchen below grade.

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Closing Costs

Mortgage Amount
$639,999
Land Transfer Taxes$12,475
Legal Fees (Est.)
$
Total cash required for closing$173,975

Total Monthly Obligation

$4,079/mo
Mortgage $3,227
Monthly Loss $3,230
Principal$849
Interest$2,378
Property Tax$477
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 1308 Rustic Drive

Time

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