$848,000
Residential · MLS® A22784085Bedrooms
2Bathrooms
1,120.81Sq Ft
2Garage
1958Year Built
02 / Overview
PROPERTY OVERVIEW
Property Description for 9836 Elbow Drive:
Attention Builders and Investors! Prime development site located at 9836 Elbow Drive, strategically zoned for a 5+5 unit multi-family project. Qualified for the CMHC MLI Select Program, this property is ideal for creating basement suites that meet affordable housing criteria, maximizing program incentives. Development is shovel-ready, offering immediate potential for construction. Joint venture opportunities available. Purchase structure may be attractive for qualified buyers. Financing and capital requirements are subject to lender approval and buyer qualification.GET...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,120.81 sq ft
Lot Size6,049 sq ft
ZoningH-GO
HeatingForced Air • Natural Gas
CoolingNone
ParkingNone • Off Street
ExteriorDog Run
BasementFull
Year Built1958
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$1,547After mortgage & expenses
Cap Rate2.3%Based on market rents
Cash on Cash Return-10.9%With 20% down payment
Est. Monthly Rent$2,211Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
HAYSBORO
Moderate InvestmentLoading map...
Investment Score73/100
Avg Home Price$521K
Active Listings29
Listed by Ringo Tsang · Grand Realty