1045 Morrison Drive 121, Parkway Park - Queensway Terrace S and Area

$379,900
1045 Morrison Drive 121

$379,900

New
3d
Condo Townhouse2-Storey

1045 Morrison Drive 121, Parkway Park - Queensway Terrace S and Area

Total Monthly Obligation $2,341

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
3d
Score
25
Yield
7.4%
Cash on Cash
2.3%
Cap Rate
5.1%
5Y IRR
17.4%
10Y IRR
16.1%
Property Type-Condo Townhouse
MLS® Number-X14098782
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-51-99
Taxes-$2,319 (2026)
Maintenance-$415.48/mo
Locker-None
Parking-1 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY GROUP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Other
Roof-Asphalt Shingle
Foundation-Block
Possession-Flexible
Neighbourhood-6301 - Redwood Park
Title-Residential Condo & Other

No agent assigned

A move-in ready end unit with a great backyard setting and plenty of updates, all at an attractive price point. This 3 bedroom, 1.5 bath home backs onto open green space and a park, offering a welcome sense of privacy with no rear neighbours. The fully fenced yard is framed by mature trees and features a new rear deck plus a small patio area that is an ideal spot to relax or entertain. Bonus exterior storage along the side of the house is great for toys, bikes, and adds extra practicality. Inside, the large updated eat-in kitchen offers excellent storage and plenty of room for everyday meals. The bright living room features hardwood floors, good natural light and patio doors opening directly to the backyard. Upstairs are three bedrooms, all with good closets, and an updated full bathroom. The finished basement adds valuable flexible living space with a large family room that could just as easily serve as a guest room, home gym, playroom or combination of uses. A 2 piece bathroom, laundry area and additional storage complete this level. Recent improvements include a new gas furnace (2026), new washer and dryer, and updated windows.The basement was affected by the recent flood and has been professionally remediated through insurance. With its end unit location, private fenced yard, green space beyond, numerous updates and flexible living space, this is a solid opportunity at $379,900. Move in and make it your own.

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

Closing Costs

Mortgage Amount
$303,920
Land Transfer Taxes$4,174
Legal Fees (Est.)
$
Total cash required for closing$81,654

Total Monthly Obligation

$2,341/mo
Mortgage $1,532
Monthly Loss $1,938
Principal$403
Interest$1,129
Property Tax$193
Condo Fees$415
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.5%3
5-Year IRR
13.1%58
10-Year IRR
13.2%
Returns Index
30.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$28,044/yr
NOI
$15,535/yr
Net Cash Flow
-$238/mo
Cash Margin
-10.2%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.8417
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo70
Risk Index
35.0/ 100

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

Comparables

Properties near 1045 Morrison Drive 121

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.