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146 Elmore Drive
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Beds
5
Baths
2
Sqft
1,008
Year
1979
Type
Single Family
On market
61d
Located in the established and family-friendly neighborhood of Thickwood, this 1,008 sq. ft. duplex presents an excellent opportunity for both investors and first-time home buyers seeking affordability, space, and potential.With 5 bedrooms and 2 full bathrooms, this property offers strong income-generating potential or the flexibility for multi-generational living. The main level features durable laminate and lino flooring, along with large vinyl windows that provide plenty of natural light throughout. The functional kitchen is equipped with laminate countertops and white appliances, and flows into a spacious dining area with access to a convenient closet pantry—making it both practical and efficient for everyday living.Upstairs, you’ll find three generously sized bedrooms and a full 4-piece bathroom—perfect for a growing family or owner-occupants looking to offset costs with rental income below.The separate entrance to the basement adds significant value for investors. The lower level includes two additional bedrooms, a 3-piece bathroom, high ceilings, and a large rec room that could easily be converted into a sixth oversized bedroom or additional living space—ideal for maximizing rental potential.Outside, the fully fenced yard provides privacy and outdoor space, while the asphalt driveway offers parking for up to four vehicles—an attractive feature for tenants or multiple occupants.Whether you're looking to enter the housing market or expand your investment portfolio, this property offers versatility, income potential, and a desirable location. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 13.50 Ft x 10.25 Ft | |
| Bedroom | 10.83 Ft x 10.92 Ft | |
| Recreational, Games room | 21.58 Ft x 18.58 Ft |
Main level
| Room | Dimensions | Features |
|---|---|---|
| 4pc Bathroom | 9.58 Ft x 4.92 Ft | |
| Bedroom | 8.08 Ft x 10.25 Ft | |
| Bedroom | 9.58 Ft x 8.50 Ft | |
| Dining room | 12.17 Ft x 11.83 Ft | |
| Kitchen | 8.67 Ft x 7.17 Ft | |
| Living room | 12.75 Ft x 16.58 Ft | |
| Primary Bedroom | 13.42 Ft x 10.17 Ft | |
| 3pc Bathroom | 5.75 Ft x 7.33 Ft | |
| Kitchen | 7.83 Ft x 7.25 Ft | |
| Laundry room | 7.83 Ft x 7.33 Ft |
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
21.85%
Cap rate
9.23%
GRM
8.2
Break-even rent
$2,055
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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
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. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider 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 May 25, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Fort McMurray. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.