23 Meadow wood Court, North Bay

$519,900
23 Meadow wood Court

$519,900

New
15d
Semi-Detached Bungalow-Raised

23 Meadow wood Court, North Bay

Total Monthly Obligation $2,472

HausQ Valuation Report
Beds
4
Baths
3
Park
3
Sqft
700-1100
DOM
15d
Score
28
Yield
6.2%
Cash on Cash
5.5%
Cap Rate
5.8%
5Y IRR
19.9%
10Y IRR
18.2%
Property Type-Semi-Detached
MLS® Number-X13880998
Beds-4
Bathrooms-3
Size-700-1100 sqft
Lot Size-24.6 × 111.7 ft
Listed on site-Oct 8, 2026
Style-Bungalow-Raised
Building Type-Semi-Detached
Age-New
Parking-3 - None
Basement-Apartment, Walk-Up, Finished
Heating-Forced Air (Electric)
Brokerage-Royal LePage Northern Life Realty, Brokerage
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding, Stone
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-March 30/27
Neighbourhood-Ferris
Title-Residential Freehold

No agent assigned

23 MEADOW WOOD COURT-MEADOW BROOK 2 PLAN. New semi detached homes built by Kenalex Builders off Booth Road at the end of Bunting Dr on left. 1034sq' on main floor semi-detached with legal 1 bedroom apartment in lower level at rear. The main floor features a spacious living room, dining room blending into a open kitchen area with a peninsula and lots of counter space and cupboards. Separate break fest nook with glass sliding doors to deck. 2 bedrooms and 1-4 pc also on the main floor. The lower level has rec room, 3rd bedroom and 1-3 pc bath and laundry room /furnace area. Rear separate entrance apartment to rent out with Living room, open to kitchen area with closet for laundry set up. 1 bedroom and 1-3 pc bath. Parking for 3 cars on a paved driveway included in purchase price. If purchased as principal residence, Buyers to sign all rebates back to builder. CLOSING DATE MAR 30/27. Listed at $519,900.00 PLUS HST

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

Closing Costs

Mortgage Amount
$415,920
Land Transfer Taxes$6,873
Legal Fees (Est.)
$
Total cash required for closing$112,353

Total Monthly Obligation

$2,472/mo
Mortgage $2,097
Monthly Loss $1,920
Principal$552
Interest$1,545
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.7%35
Cash-on-Cash
-0.5%7
5-Year IRR
15.2%73
10-Year IRR
14.7%
Returns Index
38.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 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
$32,400/yr
NOI
$24,660/yr
Net Cash Flow
-$42/mo
Cash Margin
-1.6%4
Cash Flow Index
3.5/ 100
Risk Profile
Weight: 20%
DSCR
0.9825
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo66
Risk Index
36.6/ 100

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

Comparables

Properties near 23 Meadow wood Court

Time

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