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Investment signal

$1,590,000

1441 NORTHWEST Boulevard

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Beds

—

Baths

—

Sqft

—

Year

1960

Type

Other

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Creston. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Own a proven income generating property in a prime Creston location! Conveniently situated along bustling Northwest Boulevard, this property is close to local shops, restaurants, and essential services, making it an ideal choice for tenants seeking both accessibility and comfort. Dual zoned for complete flexibility to allow for short and long-term living arrangements. The property includes 14 total units: A 3 bedroom home, a 2 bedroom home, two individual cabins, four 1-bedroom suites, and six bachelor suites. All on 0.5 of an acre. Currently majority occupied by long term tenants, the property provides a steady and reliable rental income stream. Recent upgrades were completed to meet current building and safety codes, including updated plumbing, electrical components, HRV units, and fire-rated drywall. This property supports strong ongoing rental demand and tons of future development potential. Whether you’re a seasoned investor or entering the market for the first time, this property is a low maintenance investment with immediate returns and long-term growth potential! (id:65958)

Subtype: Other
Structure: Other
Community: Creston
Common interest: Freehold
Lot size: 0.55 acres
Lot dimensions: 0.55
On market: Dec 10, 2025
Status changed: Apr 24, 2026
Annual tax: $7,524
Photos: 37
MLS#: 10369598
Area: CRESTON

Features and systems

Parking

Additional Parking

Exterior

Wood siding

Roof

Asphalt shingleMetalUnknown

Community

High Traffic Area

Utilities

ElectricityCableTelephone

Negative cash flow ~$1,689/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

-6.37%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,728

Financing

Down payment$318,000

Loan amount$1,272,000

Mortgage$6,445/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$729

Insurance$80

Maintenance$1,325

CapEx reserve$663

Vacancy loss$398

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 $6,445/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 24, 2026.