$1,199,000
1516 Crease Avenue
Beds
—
Baths
—
Sqft
—
Year
1963
Type
Other
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nelson. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
An unparalleled investment opportunity awaits in Nelson's Rosemont neighborhood with this fully rented, revenue-generating mixed-use property, perfectly positioned across from Rosemont Elementary with high visibility and direct access to a city bus stop. The ground-floor commercial space is anchored by the long-established Rosemont Market Store, a community staple that draws consistent local traffic and occupies a functional 960 sq ft layout. In addition to this thriving business, the property offers three highly sought-after residential units, each benefiting from its own private, dedicated entrance. The residential mix includes a cozy one-bedroom unit and two spacious three-bedroom apartments, perfectly suited for the area's diverse rental pool. Investors will appreciate the secure cash flow provided by all units currently being occupied. Furthermore, the two larger three-bedroom units boast the amenity of in-suite laundry, significantly boosting their appeal and premium rental value. This offering is more than just real estate; it is a chance to secure a robust income stream from both commercial and residential tenants. (id:65958)
- Subtype
- Other
- Structure
- Residential Commercial Mix
- Community
- Nelson
- Lot size
- 0.17 acres
- Lot dimensions
- 0.17
- Parking
- 5 total
- On market
- Nov 23, 2025
- Status changed
- Apr 24, 2026
- Annual tax
- $7,115.63
- Photos
- 38
- MLS#
- 10369829
- Area
- NELSON
Cash on cash
-6.45%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,356
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.