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Reduced $20,000 (8%) from $260,000
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138 Saddlebrook Point NE
Welcome to this impressive townhouse in Saddle Ridge with parking spot in front of the house. Enjoy a fantastic floor plan with a total of 2 bedrooms, 1 bathrooms and a perfect opportunity for first-time homebuyers, investors, or anyone seeking comfort and convenience. The gourmet kitchen has many cabinets space and all the necessary appliances. This bright and inviting home features a spacious main floor living room with large picture windows and patio door that flood the space with natural sunlight, creating a warm and welcoming atmosphere. The spacious living area flows effortlessly to a private concrete patio, making it the perfect place to relax, entertain friends, or enjoy peaceful summer evenings outdoors. Upstairs, comfort continues with two spacious bedrooms and a full bathroom. The primary bedroom offers a large sun-filled window and a roomy double-door closet, creating a calm and relaxing retreat. The second bedroom is equally impressive, featuring good size closets and bright natural light, making it perfect for family, guests, or a home office. A full bathroom and additional storage space complete this level. Conveniently located close to public transportation, schools, shopping and parks. Tenanted with lease ends July 31 2026. Wonderful opportunity. Book your private showing today! (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Dining room | 2.74 M x 3.35 M | |
| Kitchen | 3.24 M x 2.89 M | |
| Living room | 3.56 M x 4.05 M |
Upper Level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 2.44 M x 1.89 M | |
| Bedroom | 3.92 M x 2.92 M | |
| Primary Bedroom | 3.42 M x 4.01 M |
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
8.55%
Cap rate
6.58%
GRM
10.5
Break-even rent
$1,540
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.
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
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. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker 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 Jun 12, 2026.
Start with mosques, schools, halal restaurants, halal grocery, and transit. Toggle more categories when you want the fuller neighborhood picture.
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Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.