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Investment signal

$1,439,900

1142 North Park St

Beds

Baths

Sqft

—

Year

1908

Location

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About this home

Welcome to 1142 North Park Street! An amazing 4 unit character property in a quiet and upcoming neighbourhood yet walking distance so many amenities and downtown. Presently generating $7700 per month in rental income and has been updated to four separate self contained suites with coin-op shared laundry. The home has been well maintained over the years with some recent extensive updates on the main level with new flooring, drywall, bathroom update and more providing a beautiful living space for possible owner-occupied and seeking additional revenue. Situated on a generous 7000 square foot R-2 Zoned lot, with a large back space partially fenced with trees and ample privacy. Additionally a stand alone, large garage separated into two providing great storage solutions. An amazing opportunity to own a property in the North Park Village and walking distance to everything downtown offers! (id:65958)

Subtype: Single Family
Architectural style: Character
Structure: House
Community: Central Park
Common interest: Freehold
Living area: 2,899 square feet
Lot size: 7,000 square feet
Lot dimensions: 7000
Parking: 2 total
On market: Apr 15, 2026
Status changed: Apr 17, 2026
Annual tax: $6,394
Zoning: Residential
Photos: 42
MLS#: 1031472
Area: VICTORIA

Features and systems

Heating

Baseboard heatersElectric

Cooling

None

Lot

Curb & gutterRectangular

Negative cash flow ~$2,767/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.53%

Cap rate

3.58%

GRM

16.7

Break-even rent

$10,112

Financing

Down payment$287,980

Loan amount$1,151,920

Mortgage$7,067/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$660

Insurance$80

Maintenance$1,200

CapEx reserve$600

Vacancy loss$360

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Victoria. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $7,067/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.