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Investment signal

$599,900

13 TALBOT Street E

Beds

Baths

Sqft

—

Year

1900

Location

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About this home

Located in the heart of downtown Cayuga, this versatile property offers a remarkable investment opportunity with the rare advantage of Downtown Commercial Zoning while currently operating as a three-unit residential home. The 1,969 sq. ft. interior features four bedrooms and two bathrooms across its functional units, complemented by a large unfinished attic and a full basement for ample storage. Situated on a generous 62' x 132' lot, the property includes a massive crushed stone driveway with parking for up to 10 vehicles, making it ideal for both residential tenants or a future commercial enterprise. Its high-visibility location is just steps from local amenities, schools, and the Grand River, providing a strategic best of both worlds scenario for investors or business owners looking to capitalize on a high-traffic corridor only 30 minutes from Hamilton (id:65958)

Subtype: Single Family
Architectural style: 3 Level
Structure: House
Community: 620 - Cayuga
Common interest: Freehold
Living area: 1,969 square feet
Lot size: 0.19 acres
Lot dimensions: 0.19
Bedrooms: 4 above grade, 0 below grade
Parking: 10 total
Stories: 3
On market: Feb 10, 2026
Status changed: Apr 16, 2026
Annual tax: $3,265.74
Zoning: H A8
Photos: 12
MLS#: 40804128
Area: CAYUGA

Features and systems

Basement

UnfinishedFull

Appliances

StoveWindow Coverings

Heating

Forced airNatural gas

Cooling

None

Exterior

BrickVinyl siding

Foundation

Block

Lot

Crushed stone drivewayIn-Law Suite

Community

High Traffic AreaSchool BusIndustrial Park

View

City view

Security

Smoke Detectors

Negative cash flow ~$1,199/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

-11.99%

Cap rate

3.49%

GRM

16.7

Break-even rent

$4,262

Financing

Down payment$119,980

Loan amount$479,920

Mortgage$2,944/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$275

Insurance$80

Maintenance$500

CapEx reserve$250

Vacancy loss$150

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

Mortgage estimate

Estimated $2,944/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 16, 2026.