$625,000

Residential · MLS® A2278020
5Bedrooms
2Bathrooms
1,063.44Sq Ft
1Garage
1958Year Built
02 / Overview

PROPERTY OVERVIEW

KEY INVESTMENT OPPORTUNITY! This raised bungalow with a LEGAL basement suite is ideally located just steps from International Avenue (17 Ave SE), offering excellent access to transit, restaurants, and local services. Zoned MC-1, the property presents strong rental income today with future redevelopment potential including the opportunity to build up to 8-unit complex, as on similar nearby lots.The main floor features 3 bedrooms, a full bathroom, a spacious living room area, and a functional kitchen. The legal basement suite includes...

03 / Details

PROPERTY DETAILS

Property TypeRESI
Building TypeHouse
Total Finished Area1,063.44 sq ft
Lot Size6,310 sq ft
ZoningM-C1
HeatingForced Air
CoolingNone
ParkingAdditional Parking • Alley Access • Parking Pad • Single Garage Detached
ExteriorNONE • OTH
BasementFull
Year Built1958
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$187After mortgage & expenses
Cap Rate5.5%Based on market rents
Cash on Cash Return-1.8%With 20% down payment
Est. Monthly Rent$3,500Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

FOREST LAWN

Needs Review
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Investment Score62/100
Avg Home Price$480K
Active Listings57
Listed by Jad Chawl-Snan · RE/MAX Complete Realty