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.
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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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$3,164/mo
Mortgage (principal + interest)$2,731
Property taxFrom listing: $5,203/yr$434
Minimum $47,990 down for this price; the slider moves in whole percent, starting at 7%. 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$145,980
Ontario land transfer taxProvincial brackets, no first-time refund$11,073
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$159,853
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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