$474,900

Residential · MLS® A2285724
3Bedrooms
2Bathrooms
850Sq Ft
2Garage
1959Year Built
02 / Overview

PROPERTY OVERVIEW

CHECK OUT OUR 24/7 VIRTUAL OPEN HOUSE!

Investors and savvy buyers—this is a rare inner-city opportunity with M-C1 zoning, offering long-term redevelopment potential (multi-residential density, up to 4 storeys, subject to city approval). Pair that with an existing legal up/down suite, and you’ve got the best of both worlds: income today + upside tomorrow.

This beautifully maintained bungalow features 2 bedrooms and a 4-piece bath on the main level, plus a legal 1-bedroom basement suite with a 3-piece bath—ideal for investors, multi-generational...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area850 sq ft
Lot Size5,306 sq ft
ZoningM-C1
HeatingForced Air
CoolingNone
ParkingAlley Access • Double Garage Detached • Parking Pad • RV Access/Parking
ExteriorNone
BasementFull
Year Built1959
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$466After mortgage & expenses
Cap Rate3.3%Based on market rents
Cash on Cash Return-5.9%With 20% down payment
Est. Monthly Rent$1,638Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

FOREST LAWN

Moderate Investment
Loading map...
Investment Score65/100
Avg Home Price$573K
Active Listings32
Listed by Steve Throndson · Real Broker