Property Description
4-182 Bridge Crescent offers an exceptional turn-key investment opportunity in Palmerston’s sought-after Creek Bank Meadows — a newly built, 3+1 bedroom luxury townhome featuring a fully legal one-bedroom walkout basement apartment. With separate, self-contained living spaces and strong projected cash flow, this home is ideal for investors, house-hackers, or anyone looking to combine lifestyle with long-term financial upside. In a market that has seen an impressive 9.6% average annual appreciation over the past decade, the value proposition here is undeniable.
Built by WrightHaven Homes, this residence spans over 2,300 sq ft of finished living space across two independent units — each with their own private entrance, in-suite laundry, and dedicated mechanical systems. The main unit offers a bright, open-concept layout with wide plank luxury vinyl flooring, a well-appointed kitchen with granite countertops and stainless steel appliances, a separate dining area with walkout to a private front balcony, and a spacious living room that opens onto a rear balcony — perfect for everyday comfort and casual entertaining. Upstairs, you’ll find three generously sized bedrooms, including a primary suite with walk-in closet and ensuite, a second full bathroom, and convenient second-floor laundry.
The legal walkout basement apartment is thoughtfully designed with stainless steel appliances, granite countertops, a 3-piece bath, private laundry, and a welcoming open-concept layout that leads out to its own walkout patio. Whether for multigenerational living or rental income, this space offers true flexibility and value.
With projected cash flow of approximately $500/month, investors will appreciate the potential for strong returns in a region known for steady population growth — including a 13% increase in the past five years — and consistent demand for quality rentals. The home’s thoughtful layout, modern finishes, and proximity to major employers like TG Minto and Palmerston District Hospital make it easy to attract excellent tenants in a family-friendly, high-demand neighbourhood close to schools, parks, and scenic walking trails.
Additional highlights include energy-efficient construction for lower operating costs, a private garage, and low monthly fees that cover snow removal and lawn care. Conveniently located with quick access to Listowel, Fergus, Guelph, and Kitchener-Waterloo, 4-182 Bridge Crescent delivers the perfect blend of comfort, income potential, and long-term growth — all in one smart move.
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About The Neighbourhood
The Lifestyle
Investment Potential
Kid & Pet-Friendly
Peaceful
Rural
Small-Town Charm with Strong Community Spirit
With a population of around 2,989, Palmerston offers a true small-town feel, where neighbours greet each other by name and community pride runs deep. The town is growing rapidly, with a 14% population increase over the last 5 years, as more people discover its affordable real estate and welcoming atmosphere. Local initiatives like All Aboard Palmerston work to revitalize downtown and support local businesses, while community events and seasonal festivals bring residents together year-round.
Family-Friendly Living
Palmerston is ideal for families, thanks to its excellent schools, safe streets, and plenty of recreation. The Palmerston & District Community Centre is a hub for hockey, curling, and local events, while parks, playgrounds, and trails encourage outdoor fun for all ages.
Convenient Location for Commuters
Palmerston offers a quieter lifestyle while still being close to larger cities. Located just:
- 12 minutes from Listowel
- 8 minutes from Harriston
- 29 minutes from Fergus & Elora
- 45 minutes from Guelph
- 49 minutes from Kitchener-Waterloo
This makes Palmerston an affordable choice for commuters working in these larger centres.
Strong Employment & Local Economy
Palmerston’s economy is diverse, with local jobs in healthcare, manufacturing, and service industries. Two of the largest employers include:
- Palmerston & District Hospital – Providing emergency care, surgery, diagnostics, and more for the region.
- TG Minto – A leading automotive manufacturer that supplies plastic components for Toyota.
There are also thousands of job opportunities within a 40-minute radius of Palmerston.
Affordable Cost of Living
Palmerston offers a cost of living that’s roughly 20% lower than Ontario’s average, thanks to affordable real estate, lower taxes, and reduced utility costs. Everyday expenses like groceries and entertainment are also budget-friendly.
Safety & Peace of Mind
Palmerston is considered very safe, with crime rates 37% lower than the national average. Violent crime is rare, and the community’s close-knit atmosphere ensures that neighbours watch out for one another.
Top-Rated Local Healthcare
Palmerston & District Hospital is a top-rated hospital known for exceptional care and impressively short wait times compared to larger urban hospitals.