2140 Meadowgate Boulevard, London South

$450,000
2140 Meadowgate Boulevard

$450,000

New
15d
Condo Townhouse3-Storey

2140 Meadowgate Boulevard, London South

Total Monthly Obligation $2,600

Beds
4
Baths
4
Park
1
Sqft
1200-1399
DOM
15d
Score
22
Yield
6.4%
Cash on Cash
-0.2%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Condo Townhouse
MLS® Number-X13878890
Beds-4
Bathrooms-4
Size-1200-1399 sqft
Listed on site-Oct 8, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$3,570 (2026)
Maintenance-$286.93/mo
Locker-None
Parking-2 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-THE REALTY FIRM INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Slab
Possession-Flexible - immediate preferred
Neighbourhood-South U
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully maintained 4-bedroom townhome in the sought out neighbourhood of Summerside, offering three levels of functional and stylish living space. Ideally located just minutes from Highway 401, this home provides convenience for commuters while being close to shopping, bus routes, hospitals, and White Oaks Mall.Step inside to a spacious foyer leading to a versatile main-floor bedroom with an ensuite and direct access to a large deck - perfect as a guest suite, home office, rec room, or kids' play area.The second floor is the heart of the home, featuring a bright and open kitchen with a breakfast bar, a dining area, and a spacious living room with access to a private balcony.Upstairs, you'll find three additional bedrooms, including the primary suite with a 3-piece ensuite, as well as a convenient laundry closet.This move-in-ready townhome is an excellent opportunity for first-time buyers or investors looking for a low-maintenance property with affordable condo fees. Don't miss out on this fantastic home! Some photos may be virtually staged.

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Closing Costs

Mortgage Amount
$360,000
Land Transfer Taxes$5,475
Legal Fees (Est.)
$
Total cash required for closing$96,975

Total Monthly Obligation

$2,600/mo
Mortgage $1,815
Monthly Loss $2,122
Principal$478
Interest$1,338
Property Tax$298
Condo Fees$287
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.3%2
5-Year IRR
11.5%47
10-Year IRR
11.9%
Returns Index
24.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$28,920/yr
NOI
$16,615/yr
Net Cash Flow
-$431/mo
Cash Margin
-17.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
31.3/ 100

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

Comparables

Properties near 2140 Meadowgate Boulevard

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.

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Data last updated within the past 24 hours.