$899,900

Residential · MLS® A2282727
10Bedrooms
5Bathrooms
3,034.2Sq Ft
2Garage
1960Year Built
02 / Overview

PROPERTY OVERVIEW

Exceptional high-income investment opportunity at 929 38 Street SE.?This massive two-storey property is purpose-built for room-by-room rentals, multi-family living, or extended family use, offering strong cash-flow potential in a high-demand rental location. Featuring over 4000 sq ft of developed living space, the home includes 10 bedrooms and 4 bathrooms with a highly functional layout designed for shared living. The upper floor is thoughtfully designed with seven bedrooms and three bathrooms, including one bedroom with a private full ensuite, a five-piece...

03 / Details

PROPERTY DETAILS

Property TypeRESI
Building TypeHouse
Total Finished Area3,034.2 sq ft
Lot Size6,932 sq ft
Zoning R-CG
HeatingForced Air
CoolingNone
ParkingDouble Garage Attached • Driveway • Off Street • On Street • Oversized • Parking Pad • Stall
ExteriorBALC • PRVE
BasementFull
Year Built1960
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,810After mortgage & expenses
Cap Rate3.5%Based on market rents
Cash on Cash Return-12.1%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 Clay Brunette · RE/MAX House of Real Estate