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Investment signal

$740,000

136 97B Highway

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Beds

Baths

Sqft

—

Year

1973

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

About this home

Zoned Small Holdings with an Official Community Plan application already submitted for Light Industrial, this property offers exciting future potential beyond a traditional homestead. Whether you’re dreaming of a home-based business, workshop space, or investment opportunity, the groundwork has already begun. Set on just over 2.5 acres, the property features a large flat, buildable area on the upper portion—ideal for a future home designed to capture the views. Live in one residence, rent another, or combine residential living with business use. Water is a standout feature. A 125-ft drilled well producing 5 GPM taps into a clean aquifer, providing excellent, reliable water often described as tasting better than bottled. The land includes an almost 1,000 square foot workshop with 220V power on its own hydro meter, plus covered RV parking, a chicken coop, goat/dog pen, and fenced areas for animals. Outbuildings include an 11' x 20' shed, woodshed, rustic outhouse, and a charming cottage-style shed. The cozy 2-bedroom + den log home sits just off the highway for easy access while still offering privacy and views of the Enderby Cliffs. The fenced garden area has rich black soil with cherry, plum, and apple trees. Relax in the 8-person hot tub under the stars. With excellent water, flexible zoning potential, usable land, and multiple outbuildings, this property offers a rare blend of lifestyle and opportunity. (id:65958)

Subtype: Single Family
Architectural style: Log house/cabin
Structure: House
Community: Enderby / Grindrod
Common interest: Freehold
Living area: 1,083 square feet
Lot size: 2.57 acres
Lot dimensions: 2.57
Stories: 2.5
Fireplace: 1
On market: Mar 17, 2026
Status changed: Apr 13, 2026
Annual tax: $2,221.92
Photos: 55
MLS#: 10379194
Area: ENDERBY

Features and systems

Parking

RVAdditional Parking

Appliances

RefrigeratorWater softenerRange - GasDishwasherWasher & Dryer

Heating

Baseboard heatersStoveWood

Exterior

Wood

Roof

MetalUnknown

Negative cash flow ~$829/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

-6.72%

Cap rate

3.52%

GRM

16.7

Break-even rent

$4,572

Financing

Down payment$148,000

Loan amount$592,000

Mortgage$3,000/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$339

Insurance$80

Maintenance$617

CapEx reserve$308

Vacancy loss$185

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 $3,000/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 13, 2026.