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Investment signal

$99,000

122 Main Street

Beds

Baths

—

Sqft

—

Year

1956

Location

See the block, not just the house.

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About this home

Ocean front! A rare find in the scenic town of Newtown in New-Wes-Valley. Previously utilized as a church, this property has potential for a permanent residence, summer home, air B&B, rental units or even a seniors complex for that thriving entrepreneur. Possibilities are endless. Main level consists of a large open space measuring 39 x 62 and 2 extra rooms. 2nd level consists of a balcony and 2 storage rooms. Oil is source of heat. Shingles replace in 2010. Some contents may be removed before sale. Current survey is dated April 1, 2026. Don't miss out on this unique buy, call a Realtor today to view. (id:65958)

Subtype: Multi-family
Structure: Other
Common interest: Freehold
Living area: 2,792 square feet
Lot dimensions: 3391 sq m
Bedrooms: 0 above grade, 0 below grade
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $0
Zoning: Residential
Photos: 34
MLS#: 1295991
Area: NEWTOWN

Features and systems

Heating

Oil

Exterior

Vinyl siding

Flooring

CarpetedOther

Foundation

Poured Concrete

View

Ocean view

Positive cash flow ~$595/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

36.06%

Cap rate

13.10%

GRM

5.9

Break-even rent

$774

Financing

Down payment$19,800

Loan amount$79,200

Mortgage$486/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$45

Insurance$80

Maintenance$83

CapEx reserve$41

Vacancy loss$70

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 Newtown. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $486/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.