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Investment signal

$439,900

1663 South Bishop Road

Beds

—

Baths

—

Sqft

—

Year

2000

Location

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About this home

Discover the perfect addition to your portfolio with this well-maintained over-under duplex. Situated in a serene country setting just minutes from town amenities, this property offers the rare combination of peaceful rural living and high-demand convenience. This asset is a true "set-and-forget" investment: It is fully tenanted with a history of excellent occupancy and reliable, long-term residents. With $30,000 in gross annual revenue and low overhead, the numbers speak for themselves. Tenants pay their own utilities, keeping your operating expenses at a minimum. The building is in good repair with all major systems well-maintained, ensuring a smooth transition for the next owner. Whether you are looking for a stable cash-flowing asset, or a high-equity growth opportunity, this property delivers on every front. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: Coldbrook
Common interest: Freehold
Lot size: 0.46 acres
Lot dimensions: 0.46
On market: Apr 14, 2026
Status changed: Apr 14, 2026
Photos: 50
MLS#: 202607314
Area: COLDBROOK

Features and systems

Parking

Parking Space(s)Gravel

Basement

FinishedFullWalk out

Appliances

WasherRefrigeratorStoveDryer

Exterior

Vinyl

Flooring

TileLaminate

Foundation

Concrete Perimeter

Community

School Bus

Negative cash flow ~$710/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-9.69%

Cap rate

3.95%

GRM

15.3

Break-even rent

$3,148

Financing

Down payment$87,980

Loan amount$351,920

Mortgage$2,159/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$202

Insurance$80

Maintenance$367

CapEx reserve$183

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $2,159/mo at 5.49% with 20% down, 25-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 14, 2026.