53 Meagan Lane, Quinte West

$574,900
53 Meagan Lane

$574,900

New
14d
DetachedBungalow-Raised

53 Meagan Lane, Quinte West

Total Monthly Obligation $3,065

Beds
3
Baths
3
Park
4
Sqft
2000-2500
DOM
14d
Score
21
Yield
5.7%
Cash on Cash
-0.2%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Detached
MLS® Number-X13883184
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-39.38 × 132.45 ft
Listed on site-Oct 9, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-0-5
Taxes-$4,455.63 (2026)
Parking-5 - Attached
Basement-Partially Finished, Walk-Out
Heating-Forced Air (Gas)
Brokerage-Century 21 Lanthorn Real Estate Ltd
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-South
Exterior-Vinyl Siding, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Frankford Ward
Title-Residential Freehold

No agent assigned

Welcome to this beautifully finished 2023-built, 3-bedroom, 3-bathroom home, offering the appeal of a newer property with thoughtful improvements already completed. With $25,000 in upgrades since it was built, including fencing, an interlocking stone walkway, landscaping, a three-piece bathroom and more, many of the finishing touches are already in place so you can enjoy the property from day one.The lower level features a finished bedroom, full bathroom, direct interior access to the garage and rough-ins for a kitchen sink, adding flexibility for future use. The existing plumbing offers potential to add a kitchen down the road, extending the functionality of this versatile space. Use it as-is or adapt it over time for extended family, a home-based setup or simply more room to grow. Upstairs, nine-foot ceilings and a vaulted living room create an open, airy feel. The kitchen anchors the space with an 8-foot quartz island and full-wall cabinetry, while a shiplap-framed fireplace adds character. Main floor laundry and 200-amp service add everyday practicality, and six high-end appliances are included.The primary bedroom features a walk-in closet and spa-style ensuite with a custom glass shower and upscale detailing. Out back, large patio doors open onto a deck and lower patio, framed by a fully fenced, landscaped yard. Perennial gardens, mature greenery, and a natural gas BBQ hookup make outdoor living easy. With no rear neighbours, the property also offers a sense of privacy that's difficult to find in many newer subdivisions.With remaining Tarion warranty coverage, this 2023-built home offers the benefits of a newer property without waiting for construction to finish. Minutes from Highway 401, Belleville and CFB Trenton, with Frankford's beach, tourist park, golf, trails and local shops nearby.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$459,920
Land Transfer Taxes$7,973
Legal Fees (Est.)
$
Total cash required for closing$124,453

Total Monthly Obligation

$3,065/mo
Mortgage $2,319
Monthly Loss $2,455
Principal$610
Interest$1,709
Property Tax$371
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.2%44
10-Year IRR
11.5%
Returns Index
22.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$33,000/yr
NOI
$20,744/yr
Net Cash Flow
-$590/mo
Cash Margin
-21.5%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
27.5/ 100

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

Comparables

Properties near 53 Meagan Lane

Time

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