125 Norice Street, Meadowlands - Crestview and Area

$729,900
125 Norice Street

$729,900

New
10d
DetachedBungalow

125 Norice Street, Meadowlands - Crestview and Area

Total Monthly Obligation $3,753

Beds
5
Baths
2
Park
4
Sqft
700-1100
DOM
10d
Score
19
Yield
5.2%
Cash on Cash
-2.2%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Detached
MLS® Number-X14031458
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-143.83 × 168.3 ft
Listed on site-Oct 13, 2026
Style-Bungalow
Building Type-Detached
Taxes-$5,202.92 (2026)
Parking-6 - Detached
Basement-Full, Finished, Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-7302 - Meadowlands/Crestview
Title-Residential Freehold

No agent assigned

Tucked away in the established Meadowlands/Crestview neighbourhood, 125 Norice Street is a classic brick bungalow offering an abundance of charm, versatility, and opportunity. With its welcoming curb appeal, functional layout, and exceptionally generous outdoor space, this property offers more than what meets the eye. Step inside to discover a bright and open main floor where the living and dining flows effortlessly into a well-appointed kitchen featuring ample cabinetry and workspace. Three comfortable bedrooms, a full bathroom, and dedicated laundry complete this main level, creating an ideal setting for everyday living. The finished lower level, featuring a non-conforming secondary dwelling unit with a separate entrance, its own kitchen, open living and dining space, two additional bedrooms, a full bathroom, and private laundry facilities. Whether accommodating extended family, creating a comfortable space for guests, or exploring the potential for supplementary rental income, the possibilities are endless. With plenty of room to garden, entertain, play, or simply enjoy the outdoors the backyard has an abundance of space. A detached double garage, complete with a newly replaced roof in October 2026, and a generous driveway provide ample parking and storage. Shed roof (October 2026). Previously generating approximately $4,500 in combined monthly rental income, the home presents an appealing opportunity for buyers seeking both lifestyle and investment potential. Ideally situated near parks, schools, shopping, transit, and major commuter routes, this charming property combines the convenience of city living with the breathing room of an oversized residential lot. Great value if you're looking for a place to call home, room for multiple generations, or an investment with future possibilities. Pre-inspection report available upon request. Any future development or additional dwelling uses are subject to applicable municipal requirements and approvals.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$583,920
Land Transfer Taxes$11,073
Legal Fees (Est.)
$
Total cash required for closing$158,553

Total Monthly Obligation

$3,753/mo
Mortgage $2,944
Monthly Loss $2,978
Principal$775
Interest$2,169
Property Tax$434
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.1%36
10-Year IRR
10.7%
Returns Index
19.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$37,872/yr
NOI
$24,382/yr
Net Cash Flow
-$912/mo
Cash Margin
-28.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
23.0/ 100

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

Comparables

Properties near 125 Norice Street

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.