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124 N 2 Street E
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Beds
4
Baths
2
Sqft
1,065
Year
1991
Type
Single Family
On market
16d
Welcome to this well-kept and inviting home in the heart of Magrath! Offering 4 bedrooms, 2 full bathrooms, and a functional split-level layout, this property is a fantastic option for growing families, first-time buyers, or anyone looking for a home with great long-term potential.Inside, you’ll find a bright and welcoming atmosphere with beautiful hardwood flooring on the main floor and a layout that gives everyone a little room to spread out while still feeling connected. The home has clearly been well cared for over the years and offers a practical flow that works great for everyday living.Outside, the property shines! The mature trees and beautifully maintained lawn create a peaceful, established setting that’s perfect for kids, pets, or simply relaxing after a long day. It’s the kind of yard that feels like home the moment you pull up.Located close to schools, parks, and Main Street Magrath, this home puts you near all the essentials while still offering the quiet charm that makes small-town living so appealing. With its functional layout and desirable location, this property could also make an excellent future rental investment opportunity! (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 17.42 Ft x 11.75 Ft | |
| Bedroom | 14.08 Ft x 10.50 Ft | |
| Office | 5.33 Ft x 7.83 Ft | |
| 4pc Bathroom | 5.00 Ft x 7.83 Ft | |
| Laundry room | 9.75 Ft x 7.83 Ft | |
| Storage | 19.92 Ft x 10.50 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 17.25 Ft x 13.25 Ft | |
| Kitchen | 8.92 Ft x 12.50 Ft | |
| Dining room | 8.08 Ft x 12.50 Ft | |
| Primary Bedroom | 14.67 Ft x 11.17 Ft | |
| Bedroom | 14.75 Ft x 11.25 Ft | |
| 4pc Bathroom | 6.42 Ft x 9.17 Ft |
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
11.30%
Cap rate
7.12%
GRM
10.1
Break-even rent
$2,206
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 27, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Magrath. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.