$1,390,000
1463 BAY Avenue
Beds
—
Baths
—
Sqft
—
Year
1926
Type
Other
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Trail. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
THIS PROPERTY IS NICELY LOCATED IN DOWNTOWN TRAIL CLOSE TO NEW LIBRARY, SELKIRK COLLEGE AND BANK OF MONTREAL. THIS EXCELLENT LONG TERM INVESTMENT PROPERTY INCLUDES A LEASE WITH A LARGE CANNABIS RETAILER, WITH CLOSE TO ONE MILLION DOLLAR TENANT IMPROVEMENTS HAVE BEEN COMPLETED. THE BUILDING ALSO HAS FIVE APARTMENTS THAT HAVE ALL BEEN REFURBISHED. (id:65958)
- Subtype
- Other
- Structure
- Other
- Community
- Trail
- Living area
- 0 square feet
- Lot size
- 0.06 acres
- Lot dimensions
- 0.06
- On market
- Mar 4, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $7,601.58
- Photos
- 2
- MLS#
- 10377912
- Area
- TRAIL
Features and systems
Parking
Heating
Exterior
Security
Cash on cash
-6.42%
Cap rate
3.58%
GRM
16.7
Break-even rent
$8,515
Financing
Operating expenses (monthly)
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
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.