The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Unlock the potential of this rare 3+1 bedroom bungalow on a corner lot in St. Claire Gardens, featuring over 120 feet of frontage along Meadowlands Drive, 2 large side yards and an abundance of possibilities for homeowners, investors, and developers alike. The home offers a 1-bedroom lower-level suite with its own laundry, providing an excellent option for multi-generational living or additional rental income, with a separate rear entrance easily converted into a fully independent entrance. The property offers the flexibility to live in one unit while renting the other, or use it as an investment property while exploring future redevelopment opportunities. The property is located within the CM-2 zoning designation, which offers a range of future development possibilities, potentially including multi-unit residential buildings, townhomes, and lot severances, subject to municipal approvals, applicable regulations, and development permissions. Whether you're looking to build, invest, generate rental income, accommodate extended family, or simply enjoy a spacious home in a highly desirable neighbourhood, this property offers exceptional flexibility and long-term potential. Ideally situated in St. Claire Gardens, the property is just minutes from Algonquin College, Carleton University, shopping, parks, transit, and the Civic Hospital, making this an attractive location for both residents and tenants.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,664/mo
Mortgage (principal + interest)$3,273
Property taxFrom listing: $4,694/yr$391
Minimum $62,490 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$174,980
Ontario land transfer taxProvincial brackets, no first-time refund$13,973
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$191,753
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Meadowlands - Crestview and Area has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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