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Foreclosure signalInvestment signal

$199,900

1440 A,B MOUNTAIN GROVE ROAD

Beds

Baths

Sqft

—

Year

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Location

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About this home

Legal duplex offering a solid opportunity for buyers with an investor mindset. This property is being sold in "as is, where is" condition and is currently tenanted with long-standing occupants in place. The building offers two self-contained units and presents an opportunity for those looking to enter or expand their investment portfolio. While the property would benefit from updates and improvements over time, it provides a foundation with existing rental income and future upside potential. Buyers should be prepared to assume current tenancies. Ideal for investors who recognize value beyond presentation and are willing to take on a project with long-term potential.. (id:65958)

Subtype: Multi-family
Architectural style: Raised bungalow
Structure: Duplex
Community: 45 - Frontenac Centre
Lot dimensions: 131 x 374 FT
Bedrooms: 2 above grade, 1 below grade
Parking: 4 total
Stories: 1
On market: Apr 16, 2026
Status changed: Apr 16, 2026
Annual tax: $1,297
Photos: 10
MLS#: X13005720
Area: FRONTENAC_(FRONTENAC_CENTRE)

Features and systems

Parking

No Garage

Basement

UnfinishedFull

Heating

Baseboard heatersElectric

Cooling

None

Exterior

Aluminum sidingVinyl siding

Foundation

Block

Utilities

ElectricityWirelessElectricity Connected

Positive cash flow ~$877/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

26.34%

Cap rate

11.16%

GRM

6.9

Break-even rent

$1,476

Financing

Down payment$39,980

Loan amount$159,920

Mortgage$981/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$92

Insurance$80

Maintenance$167

CapEx reserve$83

Vacancy loss$120

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

Mortgage estimate

Estimated $981/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.