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Investment signal

$159,000

115 Chestnut Street

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Beds

Baths

Sqft

—

Year

1942

Type

Single Family

Suite

Investment signal

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Location nearby

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

About this home

This adorable 2-bedroom starter home is waiting for new owners. Whether you are a first-time homebuyer, downsizing, or looking for an investment property, this well-maintained, move-in-ready home is priced to sell. This home has had numerous updates since the current owners purchased it two years ago. New hot water tank, washer and dryer, stove, heat pump, windows, back door, renovated bathroom, and a lovely modern shed to house tools and equipment. A spacious back deck and ample backyard for gardening, playtime with pets, or outdoor entertainmentthis property is absolutely worth taking a look at and possibly becoming your new home! (id:65958)

Subtype: Single Family
Structure: House
Community: Pictou
Common interest: Freehold
Living area: 635 square feet
Lot size: 0.09 acres
Lot dimensions: 0.0918
Bedrooms: 2 above grade, 0 below grade
Stories: 1
On market: Apr 10, 2026
Status changed: Apr 20, 2026
Photos: 27
MLS#: 202607034
Area: PICTOU

Features and systems

Parking

Gravel

Basement

Crawl space

Appliances

RefrigeratorStoveOvenWasher/Dryer Combo

Cooling

Heat Pump

Exterior

Vinyl

Flooring

CarpetedCeramic TileVinyl Plank

Community

School BusRecreational Facilities

Positive cash flow ~$809/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

30.52%

Cap rate

10.97%

GRM

7.0

Break-even rent

$1,049

Financing

Down payment$31,800

Loan amount$127,200

Mortgage$645/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$73

Insurance$80

Maintenance$133

CapEx reserve$66

Vacancy loss$95

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $645/mo at 4.5% with 20% down, 30-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 20, 2026.