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121 2 Avenue SW
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Beds
2
Baths
1
Sqft
795
Year
1950
Type
Single Family
On market
49d
This charming and affordable 2-bedroom home, featuring a recently renovated bathroom, sits on a large, highly desirable corner lot. Whether you're downsizing, buying your first home, or searching for an investment property, this home offers exceptional value in an unbeatable central location. Enjoy the convenience of being just minutes from downtown, excellent schools, restaurants, shops, parks, the hospital, and many other amenities. The home has seen several key upgrades, including hot water on demand, a newer furnace, updated windows, and shingles replaced in 2021 on the house, garage, and shed. Inside, the open-concept kitchen and living area create a bright, functional space, complete with a convenient eating bar. Step outside to a spacious, fully fenced private yard featuring new exposed aggregate sidewalks and a large rear deck—perfect for entertaining, gardening, or giving kids plenty of room to play. The property also includes a heated, oversized 24' x 24' garage with 10-foot ceilings, offering year-round comfort and ample storage. Additional highlights include a second driveway at the rear for RV parking, a welcoming front deck, and mature trees and shrubs that provide privacy and a peaceful setting. This well-maintained property is truly a wonderful place to call home. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.25 Ft x 11.42 Ft | |
| Other | 11.58 Ft x 10.83 Ft | |
| Laundry room | 11.08 Ft x 7.75 Ft | |
| Primary Bedroom | 11.25 Ft x 10.25 Ft | |
| Bedroom | 10.17 Ft x 8.00 Ft | |
| 4pc Bathroom | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-7.17%
Cap rate
3.43%
GRM
16.6
Break-even rent
$2,565
Financing
Operating expenses (monthly)
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Approximation 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 24, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Diamond Valley. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.