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Investment signal

$849,900

1603 PETER STREET

Save this home

Beds

5

Baths

5 full + 2 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

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

About this home

This newly renovated 2-storey home sits on a rare spacious double lot, offering exceptional outdoor living with a private inground pool - perfect for entertaining or relaxing on warm summer days. Inside, the home impresses with a bright layout, seamlessly connecting the modern kitchen, dining area, and sunroom, filling the space with natural light. The generous family room offers plenty of room to gather, unwind, and create lasting memories. Upstairs, you'll find three well-appointed bedrooms, including a luxurious primary suite with a private ensuite bathroom, providing a peaceful retreat at the end of the day. The finished basement offers a rec room, an additional bedroom and bathroom. And, the fully finished in-law suite offers excellent flexibility - ideal for multi-generational living, visiting guests, or potential rental income. Whether you're accommodating grandparents or looking for private space for extended family, this suite delivers both comfort and privacy. With ample space indoors and out, this home is truly move-in ready and designed for modern family living. (id:65958)

Subtype
Single Family
Structure
House
Community
717 - Cornwall
Common interest
Freehold
Lot dimensions
126 x 150 FT
Bedrooms
5 above grade
Parking
5 total
Stories
2
Fireplace
Yes
On market
Mar 3, 2026
Status changed
Apr 24, 2026
Annual tax
$4,451 (2025)
Photos
44
MLS#
X12839022
Area
CORNWALL

Features and systems

Parking

Attached GarageGarage

Basement

FinishedN/A

Appliances

Water Heater

Heating

Radiant heatOther

Cooling

Wall unit

Exterior

BrickAluminum siding

Foundation

Poured Concrete

Lot

In-Law Suite

Community

School Bus

Pool

Inground pool
Negative cash flow ~$939/mo at these assumptions

Cash on cash

-6.63%

Cap rate

3.54%

GRM

16.7

Break-even rent

$5,239

Financing

Down payment$169,980
Loan amount$679,920
Mortgage$3,445/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$390
Insurance$80
Maintenance$708
CapEx reserve$354
Vacancy loss$213

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 $3,445/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.

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