1321 Rustic Drive, Parkway Park - Queensway Terrace S and Area

$749,000
1321 Rustic Drive

$749,000

New
2d
DetachedBungalow

1321 Rustic Drive, Parkway Park - Queensway Terrace S and Area

Total Monthly Obligation $3,782

Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
2d
Score
18
Yield
4.5%
Cash on Cash
-4.6%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-X14101116
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-50 × 160 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,626 (2025)
Parking-3 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PERFORMANCE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-To be arranged
Neighbourhood-6304 - Parkway Park
Title-Residential Freehold

No agent assigned

Welcome to this exceptionally stylish, open-concept bungalow tucked away on a serene, low-traffic street in a highly desirable neighborhood. Designed to maximize both form and function, the main floor greets you with expansive, bright windows that flood the entire living area with natural light. At the heart of the home is a beautifully updated kitchen, complete with modern finishes like premium granite countertops, stainless steel appliances, and sleek pot lighting. Rich, gleaming hardwood floors flow seamlessly from the main living space into three generously sized bedrooms and a crisp, updated family bathroom.The layout expands significantly into a fully finished lower level. This versatile space comes equipped with a dedicated, spacious gym area, a private and cozy fourth bedroom, a stunningly renovated full bathroom, and a practical laundry room. Step outside into the massive rear yard, which serves as an expansive blank canvas. With an abundance of open space, this lot effortlessly accommodates a variety of future projects, whether you envision adding a detached garage, a backyard pool, an accessory dwelling unit (ADU), or designing your own ultimate outdoor oasis.

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

Closing Costs

Mortgage Amount
$599,200
Land Transfer Taxes$11,455
Legal Fees (Est.)
$
Total cash required for closing$162,755

Total Monthly Obligation

$3,782/mo
Mortgage $3,021
Monthly Loss $2,987
Principal$795
Interest$2,226
Property Tax$386
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.4%25
10-Year IRR
9.3%
Returns Index
13.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$34,020/yr
NOI
$21,492/yr
Net Cash Flow
-$1,230/mo
Cash Margin
-43.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
22.0/ 100

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

Comparables

Properties near 1321 Rustic Drive

Time

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