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Investment signal

$584,900

15 ALBERT STREET

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Beds

Baths

Sqft

—

Year

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Type

Multi-family

Suite

Investment signal

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Location nearby

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

About this home

FOURPLEX!! Excellent investment opportunity right in the heart of Lakefield! Some photos have been digitally edited to remove tenants belongings for tenant privacy reasons. This century home features two 2-bedroom units and two 1-bedroom units plus a large detached shop/garage for extra income potential. There are two driveways, consisting of 5 parking spaces, and ample street parking. There are 5 separate hydro meters - one per unit, and one for the garage. Tenants pay their own hydro and water bills. Water tanks are all rented besides one owned in unit 4. This property is centrally located for convenience - as it is just steps away from all the shops, restaurants, and schools. Great opportunity for someone with a growing family, or investor. (id:65958)

Subtype: Multi-family
Structure: Fourplex
Community: Selwyn
Lot dimensions: 81.5 x 100 FT
Bedrooms: 6 above grade
Parking: 5 total
Stories: 2
On market: Mar 12, 2026
Status changed: Apr 24, 2026
Annual tax: $3,707
Photos: 13
MLS#: X12876580
Area: SELWYN

Features and systems

Parking

Detached GarageGarage

Basement

UnfinishedCrawl space

Appliances

RefrigeratorStove

Heating

Baseboard heatersElectric

Cooling

Window air conditioner

Exterior

StuccoAluminum siding

Foundation

Concrete

Lot

Flat siteSump Pump

Utilities

SewerElectricityCable

Negative cash flow ~$315/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

-3.23%

Cap rate

4.22%

GRM

14.8

Break-even rent

$3,632

Financing

Down payment$116,980

Loan amount$467,920

Mortgage$2,371/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$268

Insurance$80

Maintenance$487

CapEx reserve$244

Vacancy loss$165

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 $2,371/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.