38 Naismith Crescent, Kanata

$699,900
38 Naismith Crescent

$699,900

New
8d
Detached2-Storey

38 Naismith Crescent, Kanata

Total Monthly Obligation $3,598

Beds
4
Baths
3
Park
2
Sqft
1100-1500
DOM
8d
Score
21
Yield
5.5%
Cash on Cash
-0.7%
Cap Rate
4.4%
5Y IRR
15.0%
10Y IRR
14.2%
Property Type-Detached
MLS® Number-X14083206
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-52.36 × 100.2 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,802.46 (2026)
Parking-3 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood, Natural Gas
Pool-None
Facing-North
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-To be arranged
Neighbourhood-9002 - Kanata - Katimavik
Title-Residential Freehold

No agent assigned

A quiet Katimavik crescent, two elementary schools just steps away, a deep pie-shaped lot and a full walkout lower level - there's a lot to appreciate about this home! Offering 3+1 bedrooms and 2.5 baths, the layout is bright, practical and easy to live in. The main level features a comfortable living room with hardwood flooring, crown moulding and a large bay window, opening to the adjoining dining room. The updated kitchen is surprisingly spacious, with an abundance of cabinetry and counter space, granite counters, stainless steel appliances and a pantry with pull-out drawers. A large window brings in natural light, while a corner fireplace adds character. Upstairs are three well-proportioned bedrooms, including a primary with PAX wardrobe storage and private access to the updated 4-piece bathroom.The finished walkout lower level is a real asset, considerably expanding the home's living space. A bright family room with patio doors opens directly to the backyard, while a fourth bedroom with a full-size window, 3-piece bathroom and convenient kitchenette offers excellent flexibility for teenagers, guests or extended family. An updated laundry room adds further functionality. Outside, the deep fenced backyard offers privacy, mature trees and plenty of room for children, pets, gardening or outdoor seating. Families will appreciate having Holy Redeemer and Castlefrank Elementary Schools around the corner, along with nearby parks and pathways. Shopping, restaurants, recreation, Kanata Centrum and Hwy 417 are all within easy reach. Updates include rubber-paved driveway and front steps (2026), windows/exterior doors (2024), laundry (2023), upper bath (2022), roof shingles and gutter guards (2020), powder room (2019) and kitchen (2015).

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

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,598/mo
Mortgage $2,823
Monthly Loss $2,855
Principal$743
Interest$2,080
Property Tax$400
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
23.0/ 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
$38,532/yr
NOI
$25,376/yr
Net Cash Flow
-$709/mo
Cash Margin
-22.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
24.5/ 100

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

Comparables

Properties near 38 Naismith Crescent

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